Business

What’s an NFT? It’s What Makes GIFs Worth Big Bucks

Consider them as digital certificates of authenticity. A non-fungible token, or NFT, is a singular, irreplaceable identifier created by an algorithm: A definite barcode for a digital piece of artwork or collectible. It’s an answer of kinds to an issue that’s lengthy confronted digital artists: create shortage for an merchandise that may be infinitely reproduced. Uniqueness is the explanation (okay, one purpose) that the Mona Lisa is priceless, whereas a signed and numbered Peter Max print of his model of the Mona Lisa is $5,500 and Mona Lisa posters are $9.95. Cash is fungible, that means that any greenback invoice serves its function in addition to another one. Pictures of the identical GIF or meme are fungible — except yours comes with an NFT declaring it to be the “actual” model.

https://www.washingtonpost.com/enterprise/whats-an-nft-its-what-makes-gifs-worth-big-bucks/2021/10/29/27723cd2-38f9-11ec-9662-399cfa75efee_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business | What’s an NFT? It’s What Makes GIFs Price Large Bucks

snopx

Inter Reviewed is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@interreviewed.com. The content will be deleted within 24 hours.

Related Articles

Back to top button