Post #1973 by richinmd on the Macroeconomic Trends and Risks board

Personal Finance Topics / Macroeconomic Trends and Risks ❤

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Isn't this pretty similar to NFTs that were sort of popular within the last decade (2014)?

Non-fungible tokens (NFTs) are assets like artworks, digital content, or videos that have been tokenized via a blockchain. Tokens are unique identification codes created from metadata via an encryption function. These tokens are then stored on a digital ledger, while the assets themselves are stored in other places. The connection between the token and the asset is what makes them unique.

NFTs can be traded and exchanged for money, cryptocurrencies, or other NFTs—it all depends on the value the market and owners have placed on them. For instance, you could draw a smiley face on a banana, take a picture of it (with metadata attached), and tokenize it on a blockchain. Whoever has the private keys to that token owns whatever rights you have assigned to it.

Doesn't strike me as anything new.

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