Melania sells her art

[Snowboarder_Bo]

We’ve had a few threads about NFTs, Shoeless:

Help me Understand Non-Fungible Tokens

Every now and then, I try to educate myself on the latest tech hype. Non-fungible tokens have been around for a while, but (at least in my perception), they’ve been really exploding lately, with digital artists earning record sums, and Nike filing a patent for a ‘blockchain-based NFT-sneaker’ called ‘CryptoKicks’ ¯\_(ツ)_/¯. So I’ve been skimming a couple of articles trying to figure out what’s what here, but I’m not sure if I’m really getting it. Best as I can tell, an NFT is sort of like a bit…

Dan somebody explain NFTs to me?

I keep wondering what buyers of NFTs get out of it? There was news recently about somebody who paid thousands of dollars for the original photo of a meme. What do they get? Everybody can see the meme online, the owner of the original photo could, potentially, sell it to somebody else. How does the buyer profit?

How is an asset linked to a token to create an NFT?

There has been a lot of buzz around NFTs of late. I’ve read a few technical breakdowns if them (including the actual Ethereum EFC). The process seems to be: Generate a hash from a digital asset (very easy CS101 stuff, eg SHA256) Create a “crypto” key or token (do some dumb, pointless, but computationally expensive, sums that result in big number that’s “yours”) Link the hash with the key forever. Now the asset is “yours” too. Profit!! So it’s that penultimate step that I don’t quite get. Is …