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by CasperDern 1643 days ago
I recommend watching this interview with the creator of NFTbay, there are a lot of misconceptions on it's current usage.

TL;DW: it's an immutable representation of some data (usually a hyperlink), put on to a public blockchain such that ownership of this representation can be verified.

Not much different to a regular certificate just different trust assumptions (certificates use a trusted party, while NFTs use a "trusted" technology).

2 comments

The talk: https://youtu.be/i_VsgT5gfMc (Unable to edit the parent)
I know what it is, I don't understand the hype around it. Now I know more!
Thank you for the talk link!