This post dives into the paradigm shifts underpinning the internet renaissance and reveals opportunities for innovators.
Digital ownership and originality
NFTs are scarce, digital representations of a unique good or asset.
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This is a paradigm shift; the inversion of the internet; a renaissance.
Creator fees can be programmed in various different ways borrowing from DeFis financial primitives.
Rents or licensing fees on a daily base might be explored programmatic, continuous monetization.
Source: https://async.art – layered artwork changing over time with 216 composable image combinations – coupled with a physical print.
Open data architectures
Creators and collectors wont be locked into any given marketplace or interface.
Instead, experiences and interfaces will be built around the NFTs.
The underlying data architecture is turned upside down.
Crowd funded creative work can be re-invented by combining media assets with DeFis financial primitives.
Crypto wont just transform venture capital and asset management but also capital formation across the media landscape.
Within this new paradigm we can create entirely new user experiences which havent been possible before.
The BTC sent will be programatically distributed on their 18th birthday.
The ownership of this bundle has been fractionalized into B20 tokens.
It can havevarious different states.
The design space for the financialization of media assets is gigantic.
This article was originally published onSVRGNs blog.
you’re free to read ithere.
Source: https://anytype.io/
Join him at TNW2021 for a talk on Digitally ever after preparing for immortality in the metaverse.
Join him at TNW2021 for a talk on ‘Digitally ever after - preparing for immortality in the metaverse.’
