NFTs: An Economy Built on Clout

Credit: ZyCrypto

A selfie taken with Randy Jackson posted online is akin to a Non-Fungible Token, or NFT. The owner of the selfie can be determined from the original file’s metadata — or the fact that the owner is in the selfie — and hence the owner may receive social clout from their photo. (Who wouldn’t want others to know they met American icon, Randy Jackson?)

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Micah

Micah

writer/researcher at messari.io • wanderer of global landscapes