If you're truly interested in learning, here's an informative video of Michael Saylor explaining to Tucker Carlson the benefits of decentralized crypto.
NFT's are a little bit different. Right now they are being used for collectibles. It's like buying an autographed baseball card that comes with proof that it isn't a counterfeit. No matter how many times it's sold, it always has the same unique identifier that can not be altered. I can see this sort of tech being used to secure our elections where each vote has a unique identifier that can not be changed once created.
Ok, if you took a screenshot of an NFT and tried to peddle it as your own, no one would buy it because it lacks the specific metadata indicating it's authenticity, backed by the blockchain that it was created on. You can look up the process, but In simplest terms, the blockchain can not be messed with.
The NFTs are only worth what people will pay for them, as is any form of art. Yes, you can go on an NFT marketplace and ctr + printscreen the jpegs, but what makes art valuable is its authenticity. Would you pay big bucks for a fake Mona Lisa? Now these NFTs are nothing like the Mona Lisa, but you get my point...
I've heard of musicians publishing their songs as NFTs and items in blockchain games.
No matter the use, the purpose of NFTs is to protect the creator from someone copying their property and selling it as their own.
If you're truly interested in learning, here's an informative video of Michael Saylor explaining to Tucker Carlson the benefits of decentralized crypto.
https://www.bitchute.com/video/jUQ8XJzsmLf7/
NFT's are a little bit different. Right now they are being used for collectibles. It's like buying an autographed baseball card that comes with proof that it isn't a counterfeit. No matter how many times it's sold, it always has the same unique identifier that can not be altered. I can see this sort of tech being used to secure our elections where each vote has a unique identifier that can not be changed once created.
Ok, if you took a screenshot of an NFT and tried to peddle it as your own, no one would buy it because it lacks the specific metadata indicating it's authenticity, backed by the blockchain that it was created on. You can look up the process, but In simplest terms, the blockchain can not be messed with.
The NFTs are only worth what people will pay for them, as is any form of art. Yes, you can go on an NFT marketplace and ctr + printscreen the jpegs, but what makes art valuable is its authenticity. Would you pay big bucks for a fake Mona Lisa? Now these NFTs are nothing like the Mona Lisa, but you get my point...
I've heard of musicians publishing their songs as NFTs and items in blockchain games.
No matter the use, the purpose of NFTs is to protect the creator from someone copying their property and selling it as their own.
Hope this helps.