Monday, April 12, 2021
Chinese (Simplified)EnglishFrenchGermanItalianJapanesePortugueseRussianSpanish
Contact
No Result
View All Result
FuturoProssimo
  • Home
  • Tech
  • Medicine
  • Society
  • Ambience
  • Spazio
  • Transportation
  • concepts
  • H+
FuturoProssimo
No Result
View All Result

Coronavirus News »

Chinese (Simplified)EnglishFrenchGermanItalianJapanesePortugueseRussianSpanish

Are you interested in the true story of NFTs?

Phenomenon destined to last, that of the NFT, or a speculative bubble fueled by the pandemic? Either way, there is some good. Or at least it was there in the beginning.

Gianluca Ricciodi Gianluca Riccio
April 3 2021
in Technology
Are you interested in the true story of NFTs?
Send to FacebookPin on PinterestSend on TwitterSend on Whatsappon Linkedin

Maybe you already know what NFTs are, the so-called "non-fungible tokens", but do you know how they came about and why?

For those who don't know what an NFT is

It is a "token" which, unlike a cryptocurrency, is not fungible. It cannot be exchanged. For this reason, an NFT is practically equivalent to a certificate of ownership on a digital object (a content, a photo, a video, etc.)

NFTs are big, big business for now. I have already seen everything being put up for sale: from the first tweet to the articles in the New York Times (sold for half a million euros), passing through the photos of Marco Montemagno.

Maybe you are also interested

Blockchain expert foresees Facebook split and Trump re-election

Yet that of the NFT has not always been a big amusement park that is a bit (a bit?) Speculative.

NFT, the origins

The true story of NFTs
Anil Dash

According to the CEO of Glitch Anil Dash, the whole NFT thing started out as a project put together for a hackathon that matched artists and programmers.

The year was 2014, writes Dash, when he was paired with digital artist Kevin McCoy on that project. We were at the height of Tumblr culture. A boisterous and inspiring community of millions of artists and fans shared images and videos entirely without attribution, compensation or context. A solution to that problem became the seed of their idea.

"In the early hours of the night," writes Dash, “McCoy and I had put together an early version of a blockchain-supported medium for claiming ownership of an original digital work. So we gave our creation an ironic name, not an acronym like NFT. We called it monetized graphics ”.

NFT
The NFT with the New York Times post auctioned and sold for half a million euros

More control of artists over their works

Neither Dash nor McCoy patented the idea, although McCoy spent a few subsequent years evangelizing it. But they both envisioned their creation as a way to give artists more control over their work.

Technology would allow artists to exercise control over their work, to sell it more easily, to protect themselves more strongly against others not authorized to appropriate it.

By designing the technology specifically for artistic use, McCoy and Dash hoped to prevent it from becoming another way to exploit creative professionals. But with NFTs, nothing went as it should. “Our dream of empowering artists hasn't come true yet, but it has produced a lot of commercially exploitable hype,” says Dash.

The implications of NFTs as we currently know them

The "proto NFTs" conceived by Dash and McCoy are fascinating because they are explicitly oriented towards artists and not necessarily so interested in profits, unlike the NFT market we have now.

The current NFT boom could be like this if we wanted to. We could use this technology to truly benefit artists and reward them for their work.

The only question is: will we do it?

tags: blockchainNFT
Previous post

There is growing fear over the use of antimicrobials in building materials

Next article

Clubhouse launched social audio, but now it has to fight for life

Collaborate!

We are open to visions about the future. Submit an article, disclose the results of a search or scientific discoveries, shows points of view on a theme, tells about a change.

Contact us

Most read of the week

  • CoroNaspresso, Covid tests at home are studied in coffee capsules

    CoroNaspresso, Covid tests at home are studied in coffee capsules

    70 shares
    Share 27 Tweet 17
  • CNN: Russia tests a weapon that creates "radioactive Tsunamis"

    63 shares
    Share 25 Tweet 16
  • 8 3D printed products that show the potential of technology

    62 shares
    Share 24 Tweet 15
  • US intelligence analyzes the future, and it doesn't look good at all

    60 shares
    Share 24 Tweet 15
The last
Technology

The structure of a spider's web is translated into music

Technology

CalTech uses underwater cables to detect earthquakes and tsunamis in advance

Ambience

The rising of the sea is unstoppable. You need to think big

Ambience

Plants that “exude” metal: can agromining replace mines?

archive

Next article
Clubhouse launched social audio, but now it has to fight for life

Clubhouse launched social audio, but now it has to fight for life

Siberian worms brought back to life from Arctic permafrost after 42.000 years

Siberian worms brought back to life from Arctic permafrost after 42.000 years

Facebook

Instagram

Telegram

Twitter

Clubhouse

Near future

Futuroprossimo.it is an Italian futurology resource open since 2006: every day news about the near future. Scientific discoveries, medical research, prototypes, concepts and predictions about the future for free.

Tag

Ambience Architecture Club Communication concepts Advice Economy Energy Events Gadgets The future of yesterday The newspaper of tomorrow Italy Next Medicine Military Weather Robotica Society Spazio Technology transhumanism Transportation Video

The author

Gianluca Riccio, copywriter and journalist - Born in 1975, he is the creative director of an advertising agency, he is affiliated with the Italian Institute for the Future, World Future Society and H +, Network of Italian Transhumanists.

Home / Author / IDEA / archive / Promo on FP

Collaborate! Are you interested in writing a post on Futuroprossimo? Click here for contacts.

Categories

Creative Commons License
This work is distributed under license Creative Commons Attribution 4.0 International.
© 2021 Futuroprossimo

  • Home
  • Contact
  • archive
  • Technology
  • Medicine
  • Transportation
  • Weather
  • Society
  • Ambience
  • transhumanism

© 2021 Futuroprossimo - Creative Commons License
This work is distributed under license Creative Commons Attribution 4.0 International.

This site uses cookies. By continuing to read it, you consent to their use.