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Harnessing Blockchain Technology

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Whatβ€˜s the point?

Whatβ€˜s the point?

Selling NFTs could be like selling a van Gogh painting, except instead of getting to appreciate a physical copy of something, you get a trading card.

People will still be able to access & distribute the asset that you bought but you own it (without any copyrights though).

So basically, you get bragging rights.

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486 reads

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How do NFTs work?

How do NFTs work?

They use the same blockchain technology that most cryptocurrencies use.

Most NFTs are part of the Ethereum (a crypto...

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495 reads

What is an NFT?

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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Selling NFTS

Selling NFTS

The creator just gets a shit ton of money and still gets to enjoy copyrights of their work so..... Win-win situation πŸ˜‰.

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468 reads

Are NFTs bad for the environment?

Are NFTs bad for the environment?

NFTs are at least partially responsible for the millions of tons of carbon dioxide emissions generated by the cryptocurrencies used to buy & sell them.

Cryptocurrencies are built on a system called β€œ

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459 reads

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Fungibility (no it has nothing to do with fungi πŸ„)

Fungibility (no it has nothing to do with fungi πŸ„)

Fungible→ something replaceable/exchangeable.

  • Currencies & goods are fungible because they are interchangeable with items of the same value.
  • Ex: exchanging one 5$ bill with five 1$ bills because both have the ...

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467 reads

Buying NFTs

Buying NFTs

NFTs are designed to give you something that can’t be copied: ownership (though a creator can still retain

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Just a queer, brown, psychology undergraduate ranting about random things I come across. I organize my thoughts in little, informative chunks and try to cite my sources. #psychology #society #marxism #philosophy #leftist #LGBTQ #gay #trans #queer

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