Can I buy this article as an NFT? - Deepstash
Can I buy this article as an NFT?

Can I buy this article as an NFT?

No, but technically anything digital could be sold as an NFT. deadmau5 has sold digital animated stickers. William Shatner has sold Shatner-themed trading cards (one of which was apparently an X-ray of his teeth).

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What about piracy?

You can copy a digital file as many times as you want, including the art that’s included with an NFT.

But NFTs are designed to give you something that can’t be copied: ownership of the work (though the artist can still retain the copyright and reproduction rights, just like with physical artwork). To put it in terms of physical art collecting: anyone can buy a Monet print. But only one person can own the original.

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What the heck is an NFT?

Non-fungible token.

That doesn’t make it any clearer.

“Non-fungible” more or less means that it’s unique and can’t be replaced with something else. For example, a bitcoin is fungible — trade one for another bitcoin, and you’ll have exactly the same thing. A NFT is like:

You gave up a Squirtle, and got a 1909 T206 Honus Wagner, which StadiumTalk calls “the Mona Lisa of baseball cards.

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So, what's being sold as an NFT?

NFTs can really be anything digital (such as drawings, music, your brain downloaded and turned into an AI), but a lot of the current excitement is around using the tech to sell digital art.

Dogecoin isn’t an NFT. But this GIF of a dogecoin is.

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How do they work?

At a very high level, most NFTs are part of the Ethereum blockchain. Ethereum is a cryptocurrency, like bitcoin or dogecoin, but its blockchain also supports these NFTs, which store extra information that makes them work differently from, say, an ETH coin.

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What is an NFT?

NFT stands for Non-fungible token.

  • cannot be exchanged/replicated/replaced because they are unique.
  • allows you to buy & sell ownership of unique digital assets.

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Non-fungible token (NFT)
  • In economics, a fungible asset is like money - it is something with units that can be interchanged. With money, a $10 can be exchanged for two $5, and it still has the same value.
  • If something is non-fungible, it has unique properties and cannot be interchanged with something else, such as a house, the Mona Lisa painting, etc.
  • NFTs are distinct assets in the digital world. They can be bought and sold like any other property, but they have no tangible form.
  • The digital tokens are like certificates of ownership for virtual or physical assets.

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Using active learning strategies is most effective

The majority of readers study by re-reading notes and textbooks - but the psychologists research, both in lab experiments and of actual students in classes, shows this is a terrible way to learn materical. Using active learning strategies - like flashcards, diagramming, and quizzing yourself is much more effective as is spacing out studying over time and mixing different topics together.

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