Continuous Auction Of NFTs Used To Monetize Public Goods
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Jul 5
NFTs in their simplest form are pure provenance devices.What do I mean by that? NFTs are commonly misunderstood as art objects, the digital equivalent of paintings. An alternate mental model of NFTs is to understand them as digital encodings of their object’s origin. A NFT encodes an object (usually in the form of a cryptographic hash), its creator (their wallet address), and the timestamped history of owners (transactions etched into the public blockchain). This encoding of origin can be sum...

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