NFTs Help You Guard Your Ownership of Digital Assets

I chose an excerpt from this article because I thought these words were the perfect lead-in for describing the intent of the inventors of NFTs (non-fungible tokens).

“ … most digital art hasn’t entered the traditional art market world because there hasn’t been a way to track provenance and therefore ownership. For an art object to retain value, it has to be tracked back to the creator in some fashion and it needs to be unique, or at least in limited supply. ...”

This article is very complicated and hard (for me) to digest. But if you own digital assets, like art or music, you should read this. When I saw the name Jay-Z and Beyoncé in the article I know this is serious business. I got the gist of the article. 

• NFTs are a sort of “protection” for your digital asset, just like copyrights and patents.

That's how I understand NFTs. 

If anybody wants to enlighten me further or correct me, I'm open to discussion.

NFT Technology versus Subscriptions – The Battle for Ownership of Digital Content - The Scholarly Kitchen

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— Binance (@binance) June 10, 2021

Maybe the Square-Tidal deal is all about creating Jay-Z NFTs https://t.co/Z8f2lQDPEG by @abebrown716 pic.twitter.com/kq471jXJdP

— Forbes (@Forbes) March 5, 2021

How NFTs are redrawing Asia’s art scene from artists to galleries https://t.co/E2uSf4YnZA via @forkast_news @hicetnunc2000 is also mentioned in the article!

— Frederik De Fruyt (@FrederikDeFruyt) June 13, 2021