What are NFTs?
NFTs
NFT (Non Fungible Token) – a unique digital identifier that cannot be copied, substituted, or subdivided, that is recorded in a , and uses blockchain to certify authenticity and ownership (as of a specific digital asset and specific rights relating to it).
In the future these will become how anyone, and everyone will be able to hold ownership over almost anything linking it to their digital identity.
Homes, cars, fine art, digital art, collectibles of all kinds, skins in video games, tickets to shows, music, intellectual property,and the list goes on and on for the applications of NFTs.
99% of people just see NFTs as digital artwork but do not comprehend what this will do for your ownership rights. NFTs allow for fractional ownership of property such as real estate. Meaning you can own a percentage of an apparent building and get paid from it based on the income from the entire rent thru smart contracts. 10% Royalties on all artwork, music, patients, and any other intellectual property will be paid to the creator of the property any time money is made from the use of that property. This completely changes how people have been robbed of their intellectual property rights over the last 100 years by large corporations.