Why NFTs Matter
NFTs matter because they allow people to own items digitally. Prior to NFTs, the only thing that we could own were physical goods. Meanwhile, any digital good you have is actually owned by someone else and you are simply renting it from them.
Digital Ownership is important for the same reason that Physical ownership is important.
- Control
- Monetization
- Interoperability (Lego-effect)
Control
Control is important because it means that no one can take it away from you. It means you can choose where you want to use it, how you want to use it, what you want to do with it.
Portability
Similar to control, you can take your NFT to different marketplaces and they have to compete for your NFT.
Monetization
Control over your NFT also allows you to choose how you want to monetize it. You can do anything from perpetual royalties to Harbeger Taxes.
Interoperability
Due to the
, all the NFT marketplaces automatically will support your NFTs.
Related
The best way to learn is by doing, so you’re going to learn how to create and sell an NFT. In the process, you’ll learn about NFTs and other concepts like cryptocurrencies and blockchains.
This is a presentation I delivered to High school students across Ontario about their life after high school. I talk about: what are your options, how to learn what path is best for you and how can you achieve your goals.
Here’s some advice on how to raise funds for your social impact project. To make it more actionable, I will use the example of an organization looking to raise funds for a scholarship, but this example can be extended to any social impact p...