davidgasquez.com
📚 Personal bits of knowledge
1# NFTs
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3Unique assets whose value is independent from one another. For example, an NFT might represent a piece of unique digital artwork.
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5- Today, if you create something digital, ownership is tied in with distribution. If someone makes an `mp3` or a `jpeg` piece of art and posts it or sells it online, you'll have to have it to consume it (DRM can sometimes change this).
6- With NFTs, the digital asset you create has a clear, provable owner (you!) and anyone you sell it to (and anyone thereafter) can trace it back to you, the creator, and know it is authentic.
7- When you create this NFT thing, you can create rules around it via a smart contract. One of these rules could be that anytime this piece of art you made is transferred across owners, you get 5% of what the new person paid for it, in perpetuity, automatically.
8- There are [many problems with NFTs](https://youtu.be/YQ_xWvX1n9g)!