NFTs become the 'port of entry' for all media on the Internet
Today, we are all creators of the web, and ownership continues to carry a lot of weight. However, the role of ownership on technology platforms is often overlooked. Billions of pictures, videos, songs and more are shared on social media every day. When these files are published, a copy of the media is taken from the creator's device and pasted on the servers of the publishing platform - facebook, Twitter, You Tube, Tik Tok, etc., which seems like a light interactions, but when uploading, the creators don't simply copy the file - they also copy-paste the ownership of the file into the platform itself, which for a long time has gotten the majority of the content from owning the creator Value, meanwhile, is opening up a different path — an economy of ownership, a broader argument that the next generation of internet platforms will be built, operated, and owned directly by users.
> > The Economy of Ownership: The Next Frontier in Consumer Software - Variants >
Ownership is emerging as a new tool for channeling network effects in an increasing number of new software platforms operated by users. In the media space, non-fungible tokens enable creators to retain ownership of their content without restricting it. Dissemination of documents on the Internet. As such, NFTs have the potential to disrupt the ownership model of media providers, audiences, and developers built for them, a viable alternative to platform-driven monetization. An easy way to think of NFTs as files that exist on the blockchain. This means they cannot be copied and pasted, edited, deleted or otherwise manipulated. These guarantees stem from the technical properties that make cryptocurrencies valuable: like Bitcoin, NFTs are digital tokens that can be bought, sold, and traded, and their ownership and provenance are always tracked forever by the blockchain.
What's yours is yours, it's verifiable, and there's no need for any third party to intermediate ownership. NFTs make it possible to own digital media assets in the same way that you can own digital currency assets such as Bitcoin, to many, NFTs look like a new tech toy, a bubble about to burst, although spent on digital art Money and crypto collectibles are quick and flashy, but their utility is in stark contrast to the way platforms make money for creators today.
We are moving towards making NFTs the "port of entry" for all media on the internet. This includes 2D audio/visual and text-based web work, as well as emerging 3D work, which will encompass the metaworld of future games and virtual worlds. Driving this future forward is the business model enabled by NFTs for each Stakeholders are all better: Creators, their audiences, and developers can all make more money in a marketplace built around true digital ownership.
This article was originally published on the "" public platform, so stay tuned for more in-depth interpretations of the Metaverse.