Its very cool technology, its just that its current popular use (essentially protecting and certifying digital art files) is relatively benign and boring. One more exciting use for it is to sign news articles, documents, or any material that is at risk of being edited, modified, or otherwise changed. Basically, the 'signature' of that data is locked into the blockchain, so any attempts to sneakily change it would be rejected by the network as illegitimate. You could probably come up with 100 uses for NFT just within the domain of security/file integrity. So don't dismiss the technology because you see some hipsters riding on the hype of one potential use for it.
I could see it being used in the future for a proof of insurance certificate that anyone can verify on a blockchain.
Protecting from what? All it is, is cryptographic proof of ownership over pixels that can be copied by anyone. Protection from someone else saying, "no I paid 500k to disaster girl, not him"?
Certification of ownership for a given SHA-256 of a digital file, thats all this is. Nothing has changed regarding the ease of copying digital files.
What is this...and could it mean the end of filesharing?
Will Zuckerberg and Disney prevent me from sharing pictured?
Wiill Biden arrest me for making memes?
To my understanding, I don't think it works like that. Its more for certifying the uniqueness of a specific digital file, and then locking that into a blockchain (just like cryptocurrencies do today with transactions).
Yes. Once once Apple and google amamzon types decide on a standard your devices will only play NFT cert files. Spend the money now and hope whichever memecoin you choose survives
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