NFT Royalties: Power Shift Or Paper Promise?
The world of digital assets has been revolutionized by NFTs, or Non-Fungible Tokens. More than just digital collectibles, NFTs are reshaping industries from art and music to gaming and real estate. This comprehensive guide delves into the intricacies of NFTs, explaining what they are, how they work, and their potential impact on our future. Let's explore this exciting digital frontier.
What are NFTs?
Understanding Fungibility vs. Non-Fungibility
The core concept behind NFTs hinges on the distinction between fungible and non-fungible assets.For more details, see Investopedia on Cryptocurrency.
Fungible assets are interchangeable and indistinguishable from one another. A dollar bill is fungible because it can be exchanged for another dollar bill, and both hold the same value. Bitcoin is anot...