av nft

Non-Fungible Tokens – Hype, Flaws, and Innovation

(Cover Image derived from Consensual Hallucinations by crypto artist Serwah Attafuah)  A digital certificate for intellectual property is sweeping the music world. Known as a Non-Fungible Token, or an NFT, these cryptographically verified digital collectibles allow artists to store unchangeable versions of their music/art on the blockchain. This article explores the hype, the flaws, and the innovation of this new technology and what it means for you as a producer, artist, or musician.  su_divider top=”no” size=”1″ What is Blockchain technology?  At this point, we have all heard about Bitcoin. But what many don’t know is that it is the technology behind Bitcoin and other cryptocurrencies that holds the power and potential to revolutionize all aspects of our digital exchanges.   su_quote cite=”Shermin Voshmgir (Author of Token Economy)”If we assume that the WWW has revolutionized information and the Web 2 revolutionizes interactions, then Web3 has the potential to revolutionize agreements and value …

Read More
top

© 2023 Beat Lab Academy