Mind Matters Natural and Artificial Intelligence News and Analysis

TagNon-fungible tokens (value)

crypto-virtual-museum-and-metaverse-internet-nft-display-as-a-futuristic-streaming-media-symbol-as-augmented-reality-and-computer-media-concept-stockpack-adobe-stock
Crypto Virtual Museum and Metaverse internet NFT display as a futuristic streaming media symbol as augmented reality and computer media concept.

When You Buy a Non-Fungible Token (NFT), What Do You Own?

You are buying someone’s digital idea. Just what legal rights that NFT confers is an open question. But the NBA is now selling them…

In the first episode of the discussion between computer engineering prof Robert J. Marks and computer engineering grad students Adam Goad and Austin Egbert (here and here), the discussion started with the projected metaverse and slowly turned to the wild world of cryptocurrencies and non-fungible tokens — like Twitter founder Jack Dorsey’s first tweet. What’s worth knowing about this burgeoning digital world? Here are Bob, Adam, and Austin again in Episode 2, What are NFTs?, Part 1: https://mindmatters.ai/wp-content/uploads/sites/2/2022/08/Mind-Matters-199-Adam-Goad-Austin-Egbert.mp3 This portion begins at 00:10. A partial transcript, notes, and Additional Resources follow. Robert J. Marks: We have been talking to Adam Goad and Dr. Austin Egbert both at Baylor University about Web3. Web3, which uses distributed computing, is the tool that’s…

nft-non-fungible-tokens-or-nfts-are-unique-assets-that-cannot-be-replicated-underpinned-by-blockchain-technology-stockpack-adobe-stock
NFT Non-Fungible Tokens or NFTs are unique assets that cannot be replicated underpinned by blockchain technology

What Makes NFTs Valuable? What Does It Mean To Own One?

In the case of non-fungible tokens (NFTs) on the Ethereum blockchain, actual ownership with legal standing is never in fact transferred for the underlying digital file

Introduction: At Expensivity.com, Bernard Fickser explains that a non-fungible token (NFT) is a unique token in cryptography that represents, say, real estate or art rather than money. Because the tokens have unique identities (non-fungible), they can be bought or sold while reducing the risk of fraud. So how do they work?: The series is called How Non-Fungible Tokens Work: NFTs Explained, Debunked, and Legitimized (July 30, 2021). In Part 5, we looked at how scarcity, central to the economic value of works of art, can be created in the digital world, where copying is generally quite easy. Now, we look at what makes NFTs valuable and what it means to own them: 6 Value and Ownership of NFTs In this…