Do you own an NFT?
What did you buy? They were so popular few years ago. That ship has now sailed
M
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basilfawlty89 · 36-40, M
Also clarification in Non-fungible Tokens:
NFT images and such are absolute scams.
However they're not the purpose NFTs were created for.
An NFT can be used as a digital signature that is unique and can't be replicated.
It's actual use cases would be signing transactions, consent forms, contract signing and copyrights.
NFT images and such are absolute scams.
However they're not the purpose NFTs were created for.
An NFT can be used as a digital signature that is unique and can't be replicated.
It's actual use cases would be signing transactions, consent forms, contract signing and copyrights.
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basilfawlty89 · 36-40, M
@MrGrumpy there is a lot of use cases for them besides the dumduma who used it incorrectly.
One of the newest things are Digital Autonomous Organizations.
The Constitution would be signed by the members using their NFT (the actual type) and any changes or amendments would need to be ratified by a majority with valid NFTs in the DAO.
The record of the contract exists on the distributed public ledger with timestamps to ensure no alterations to the original record could be made.
One of the newest things are Digital Autonomous Organizations.
The Constitution would be signed by the members using their NFT (the actual type) and any changes or amendments would need to be ratified by a majority with valid NFTs in the DAO.
The record of the contract exists on the distributed public ledger with timestamps to ensure no alterations to the original record could be made.