An investigative podcast hosted by world-renowned literary critic and publishing insider Bethanne Patrick. Book bans are on the rise across America. With the rise of social media, book publishers are losing their power as the industry gatekeepers. More and more celebrities and influencers are publishing books with ghostwriters. Writing communities are splintering because members are at cross purposes about their mission. An all-new season of the investigative podcast Missing Pages premieres ...
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Investing: NFTs (Non-Fungible Tokens), explained
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Manage episode 313396747 series 3269526
Content provided by Sam Harris & Nicolas Vereecke, Book geeks Sam Harris, and Nicolas Vereecke. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Sam Harris & Nicolas Vereecke, Book geeks Sam Harris, and Nicolas Vereecke or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
NFTs (Non-Fungible Token), explainedA non-fungible token (NFT) is a unique and non-interchangeable unit of data stored on a digital ledger (blockchain). NFTs can be associated with easily-reproducible items such as photos, videos, 3D models, audio, and other types of digital files as unique items (analogous to a certificate of authenticity). NFTs use blockchain technology to provide a public proof of ownership. Copies of the original file are not restricted to the owner of the NFT, and can be copied and shared like any file. The lack of interchangeability (fungibility) distinguishes NFTs from blockchain cryptocurrencies, such as Bitcoin.NFTs have drawn criticism with respect to the energy cost and carbon footprint associated with validating blockchain transactions as well as its frequent use in art scams. Further criticisms challenge the usefulness of establishing proof of ownership in an unregulated market based on digital files that are easy to copy.Resource: Wikipedia (https://en.wikipedia.org/wiki/Non-fungible_token)Key TakeawaysThe difference between fungible tokens and non-fungible tokens is fungible tokens are cryptocurrencies like Bitcoin while non-fungible tokens are unit of data that represent a unique digital asset stored and verified on the blockchain.NFT represents a lot of things (which is usually a picture). It is also a pointer within the URL to that picture which is usually stored in an interplanetary file system.NFTs are not divisible but can be fractionalized.There are four major types of NFTs which are: cryptopunks, bored ape yacht club crypto (BAYC), game NFTs, and collectible NFTs.Currently, art is the second biggest pillar of NFTs with two types of art which is an original art and generative art.Original art type of NFTs are designed in a software like an image or GIF and sells it as an NFT.Generative art type of NFTs are designed through an algorithm that will create the art on the moment it is minted. Subscribe!If you enjoyed the podcast please subscribe and rate it. And of course, share with your friends!You can also listen and join us on ReasonFM (https://reason.fm/podcast/wiser-than-yesterday) or just ask questions.
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74 episodes
MP3•Episode home
Manage episode 313396747 series 3269526
Content provided by Sam Harris & Nicolas Vereecke, Book geeks Sam Harris, and Nicolas Vereecke. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Sam Harris & Nicolas Vereecke, Book geeks Sam Harris, and Nicolas Vereecke or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
NFTs (Non-Fungible Token), explainedA non-fungible token (NFT) is a unique and non-interchangeable unit of data stored on a digital ledger (blockchain). NFTs can be associated with easily-reproducible items such as photos, videos, 3D models, audio, and other types of digital files as unique items (analogous to a certificate of authenticity). NFTs use blockchain technology to provide a public proof of ownership. Copies of the original file are not restricted to the owner of the NFT, and can be copied and shared like any file. The lack of interchangeability (fungibility) distinguishes NFTs from blockchain cryptocurrencies, such as Bitcoin.NFTs have drawn criticism with respect to the energy cost and carbon footprint associated with validating blockchain transactions as well as its frequent use in art scams. Further criticisms challenge the usefulness of establishing proof of ownership in an unregulated market based on digital files that are easy to copy.Resource: Wikipedia (https://en.wikipedia.org/wiki/Non-fungible_token)Key TakeawaysThe difference between fungible tokens and non-fungible tokens is fungible tokens are cryptocurrencies like Bitcoin while non-fungible tokens are unit of data that represent a unique digital asset stored and verified on the blockchain.NFT represents a lot of things (which is usually a picture). It is also a pointer within the URL to that picture which is usually stored in an interplanetary file system.NFTs are not divisible but can be fractionalized.There are four major types of NFTs which are: cryptopunks, bored ape yacht club crypto (BAYC), game NFTs, and collectible NFTs.Currently, art is the second biggest pillar of NFTs with two types of art which is an original art and generative art.Original art type of NFTs are designed in a software like an image or GIF and sells it as an NFT.Generative art type of NFTs are designed through an algorithm that will create the art on the moment it is minted. Subscribe!If you enjoyed the podcast please subscribe and rate it. And of course, share with your friends!You can also listen and join us on ReasonFM (https://reason.fm/podcast/wiser-than-yesterday) or just ask questions.
Don't Forget to leave a comment on this episode
…
continue reading
Don't Forget to leave a comment on this episode
See podvine.com/privacy-policy for podcast listener privacy info.
Hosted on Acast. See acast.com/privacy for more information.
74 episodes
All episodes
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