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Non-fungible tokens are reinventing the digital world by allowing people to own unique assets that cannot be replicated. This is particularly important in the art world, where the idea of owning an original is more valuable than a print or photocopy. Artists like Mike Winklemann, better known as Beeple, have made millions selling his digital creations as NFTs. His most famous work, a composite of 5,000 daily drawings, sold at Christie’s for $69.3 million. NBA Top Shot, a marketplace where basketball fans can trade video clips of their favorite players, is another popular NFT example. But NFTs can have some weird side effects. For example, the person who bought that pixelated JPEG of Nyan Cat didn’t really own it, because the creator reserved copyright rights to it. Also, digital art is subject to “bit rot,” where images can become unusable over time as their quality deteriorates or formats change. But it’s still very early days for NFTs. | |
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Target State: All States Target City : All Cities Last Update : 15 November 2023 12:38 PM Number of Views: 74 | Item Owner : comedycentralshirt Contact Email: (None) Contact Phone: (None) |
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