Cryptocurrency
NFTs Might Be the Future of Blogging
Blockchain technology may redefine how writers make money online.
We’ve heard a lot about the blockchain and cryptocurrency over the last few years, and recently there has been a new trend: NFTs.
NFTs are “non-fungible tokens” and they’re essentially a digital contract identifying ownership over a digital item. Most NFTs that people have heard about is digital art sold to buyers for the prestige of it.
This is a confusing and somewhat ludicrous phenomena. Most who are old enough to understand and afford NFTs remember a time when piracy was standard on the internet. You didn’t stream music, you downloaded it illegally.
Currency on the blockchain is one thing in an era of online shopping, but NFTs? Almost incomprehensible, and for that reason the news and social media is dumbfounded over the astronomical sales of some NFTs.
Who can blame them. After all, if something’s digital, than it can be easily copied, right?
The Allure of Future Value
Despite the fact it’s easy to duplicate a digital item and redistribute it, people are buying NFTs. Like cryptocurrency early on, there are buyers who see a future for a currency of…
