![]() ![]() The author of the work represented retains all rights. So is an NFT something like a scribbled IOU backed by no collateral and no enforceable contractual commitments?Īn NFT does not imply anything about rights assignation. Technically an NFT is simply a token representing an object. Including something like a URL to the JPEG or an IPFS content identifier 2 is simply a matter of artistic courtesy. Hell, you aren’t even buying even an unstable pointer to a JPEG. The truth is you aren’t even buying the JPEG. The funny thing is, critics who sneer, “why would you want to buy a JPEG” are unwittingly being too generous in their ignorance. ![]() Asking whether a technology is valuable or scammy is one of the oldest technology criticism scams. Every technology has a scammy side and a high-potential aspect. So what exactly do you buy when you buy an NFT? And on the selling side, what exactly do you sell?ĭepending on who you ask, the answer is “nothing, it’s a scam!” and “a stake in the glorious Web3 future!”Īnd depending on the NFT in question, either answer, or even both answers, might be correct. I’m starting to think about more complex experimental ones I might do, and have earmarked my earnings so far towards those experiments. I’ve minted a handful of simple ones, both by myself and in collaboration with others. Much of my initial experimentation has been focused on NFTs, or non-fungible tokens, which are sort of the entry drug of Web3. As you might know if you’ve been following me on Twitter, I’ve been heads-down exploring Web3 for the last month or so. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |