NFT’s and the future of ownership

What NFTs are

  • Antique and digital collectibles
  • Some physical and digital paintings
  • An artist’s intellectual property
  • Certifications or licenses

Centralized ownership of digital collectibles, the unmarked roads to NFTs

Bitcoin and absolute, decentralized ownership

The rise of NFTs

  • Digital arts
  • Domain
  • Various levels of Intellectual Property rights to designs
  • Certifications
  • Redeemable physical products, with an NFT acting as the right to claim
  • Collectible
  • Various media files like videos audios and both
  • And Printable 3D designs

Copyright laws and NFTs

NFTs and property rights in real estate

NFT intellectual property rights and record deals

Image credit: Techdirt.com

Oracle Problem in light of authentication and validation

Astronomical Carbon Footprint figures due to mining

High Minting Cost

Conclusion

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store