{"id":564,"date":"2021-08-28T01:53:21","date_gmt":"2021-08-27T23:53:21","guid":{"rendered":"https:\/\/sculptmania.wpengine.com\/?p=564"},"modified":"2021-09-07T12:36:49","modified_gmt":"2021-09-07T10:36:49","slug":"nfts-arent-just-a-fluke-they-will-change-the-way-we-experience-and-own-digital-media","status":"publish","type":"post","link":"https:\/\/sculptmania.com\/articles\/nfts-arent-just-a-fluke-they-will-change-the-way-we-experience-and-own-digital-media\/","title":{"rendered":"NFTs aren\u2019t just a fluke \u2014 they will change the way we experience and own digital media"},"content":{"rendered":"\n

Hype or digital renaissance?<\/p>\n\n\n\n

\"\"
Photo: thenextweb.com<\/em><\/figcaption><\/figure>\n\n\n\n

On the report of thenextweb.com<\/a><\/em>, just like DeFi\u2019s money legos are about to revolutionize finance, media legos will deeply alter the social layers of the web. They will change how creators issue, distribute, and monetize their work while defining new rules for content exploration, collecting, and community building. This post dives into the paradigm shifts underpinning the internet renaissance and reveals opportunities for innovators.<\/p>\n\n\n\n

Digital ownership and originality<\/h2>\n\n\n\n

NFTs are scarce, digital representations of a unique good or asset. BTC or ETH are also scarce but as monetary assets they have to be fungible \u2013 every unit is arbitrarily exchangeable for any other unit. NFTs are a horizontal piece of infrastructure that can be used to issue digital representations of art, music, collectibles, essays, books, virtual fashion or financial assets like invoices, warehouse receipts or real estate units.<\/p>\n\n\n\n

\u00abRead more on..\u00bb<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hype or digital renaissance? On the report of thenextweb.com, just like DeFi\u2019s money legos are about to revolutionize finance, media legos will deeply alter the social layers of the web. They will change how creators issue, distribute, and monetize their work while defining new rules for content exploration, collecting, and community building. This post dives into the paradigm shifts underpinning the internet renaissance and reveals opportunities for innovators. Digital ownership and originality NFTs are scarce, digital representations of a unique good or asset. BTC or ETH are also scarce but as monetary assets they have to be fungible \u2013 every\u2026<\/p>\n","protected":false},"author":1,"featured_media":565,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"blocksy_meta":"","yoast_head":"\nNFTs aren\u2019t just a fluke \u2014 they will change the way we experience and own digital media - Sculptmania<\/title>\n<meta name=\"description\" content=\"NFTs aren\u2019t just a fluke \u2014 they will change the way we experience and own digital media: Hype or digital renaissance? 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