Tuesday, August 16

On Wealth And NFTs: Challenging The Meaning Of Own Legacy By CoinTelegraph

© Reuters. On heritage and NFTs: Challenging the meaning of heritage itself

In his monthly column on crypto, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the cryptocurrency space, decentralized finance (DeFi), and blockchain, as well as their role in shaping the 21st century economy.

When it comes to examining the economics of non-fungible tokens (NFTs) as it has been shaping up in recent months, two main trends can be distinguished. On the one hand, an entirely new marketplace allowing various artists to join a new economy of creators – the creators of the Bored Ape Yacht Club, various types of pixel art creators, and flickering creatives like the Long Neck Women Paintings Creator. , the sale of which brought the 12-year-old artist close to 1,394 Ether (ETH), which is equivalent to $ 6 million at the time of writing.

But the truth is that an NFT is much more than that. Take an example of one of the first significant sales of NFT, when Jack Dorsey sold the first tweet that appeared on Twitter (NYSE 🙂 in exchange for an amount that was then worth about 2.9 million dollars. That NFT gained value, but in fact, its own assimilation as an NFT preserved a kind of inheritance.

Read the full article on Cointelegraph

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