Blockchain technology

What are NFTs and what do they mean for the music industry?

WHAT ARE NON-FUNGIBLE TOKENS (NFTS)? You can think of an NFT as a unique electronic identifier that certifies ownership of any digital asset—a video clip, a tweet, a digital image. These certificates of ownership are recorded on a blockchain, which you can think of as a secure digital ledger.  NFTs are typically “minted” or created through an NFT marketplace, after which they can be sold and traded between collectors and investors. Each NFT represents ownership of one particular object, so they are non-fungible: each NFT is different. Yet, NFTs can still be minted in......

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