The NFT Paradigm

Thus owning an NFT effectively makes you an investor, a member of a club, a brand shareholder, and a participant in a loyalty program all at once. At the same time, NFTs’ programmability supports new business and profit models — for example, NFTs have enabled a new type of royalty contract, whereby each time a work is resold, a share of the transac... See more

In the future, purchasing an NFT will entitle the owner to certain rights related to its content: the right to own and keep; the right to sell, license, and lend; as well as the right to royalties, the right to confer reuse (i.e. “movie rights”), and so on. That’s why taking a photograph of the Mona Lisa is not the same as actually owning Leonardo ... See more

More NFTs will unlock certain perks or privileges, making them not a fad but a long-term asset that both delivers and accrues value. The holy grail will be shifting the $150 billion virtual goods market—largely comprised of microtransactions in Robux (Roblox), V-Bucks (Fortnite), and Minecoins (Minecraft)—onto blockchain so that digital assets you ... See more