German music biz magazine „MusikWoche“ published a whole dossier on music NFTs and beyond. UN1K.ART contributed some recent insights to it. – Sorry – all in German language, but deepL might help…
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German music biz magazine „MusikWoche“ published a whole dossier on music NFTs and beyond. UN1K.ART contributed some recent insights to it. – Sorry – all in German language, but deepL might help…
Until now, bitcoin has been virtually synonymous with blockchain technology. This year, the NFT has been added as a synonym.
Like bitcoin, an NFT is a token on the (respective) blockchain.
All coins and tokens stand for predefined values. These can be money-like values, but also values such as ownership or participation rights.
The money-like tokens or coins are exchangeable 1 to 1.
1 Bitcoin = 1 Bitcoin. They are „fungible“.
The NFT, on the other hand, is the Non-Fungible Token, not exchangeable.
Tokenization is a core feature of all blockchain protocols and will probably be blockchain’s most dominant innovation as it enables valuation for literally anything. Bitcoin is a coin or token on the bitcoin blockchain protocol. Ethereum blockchain protocol’s own coin […]
Blockchain is basically a mixture of existing technologies, i.e. distributed ledgers / peer-to-peer networks and cryptography, supplemented by some very smart verification mechanisms to confirm the correctness of transaction data to be stored in a sequence called ‘blocks’. To connect these blocks, they are tagged with cryptographic identifiers that refer to the previous block, thus building an immutable block-chain that is stored on all participating nodes in the P2P network.
