The first NFT was called Quantum. It was created by Kevin McCoy and Anil Dash in May 2014. The GIF was registered on the Namecoin blockchain, being sold for $4 to Dash from McCoy during a live presentation in New York City.((Seven on Seven 2014: Kevin McCoy & Anil Dash<\/a>)) McCoy and Dash described the technology as \"monetized graphics\".((The Atlantic, Anil Dash - NFTs Weren\u2019t Supposed to End Like This<\/a>))<\/p>\n\n\n\n![\"Quantum](\"https:\/\/www.thedistributed.co\/wp-content\/uploads\/2022\/06\/download.gif\")
The first NFT was called Quantum. It was created by Kevin McCoy and Anil Dash in May 2014. The GIF was registered on the Namecoin blockchain, being sold for $4 to Dash from McCoy during a live presentation in New York City.((Seven on Seven 2014: Kevin McCoy & Anil Dash<\/a>)) McCoy and Dash described the technology as \"monetized graphics\".((The Atlantic, Anil Dash - NFTs Weren\u2019t Supposed to End Like This<\/a>))<\/p>\n\n\n\n Owning an NFT doesn't automatically grant the copyright to the asset.((The Wall Street Journal - NFTs Are the Biggest Internet Craze. Do They Work for Sneakers?<\/a>)) The property rights associated with an NFT depends on what is encoded within the smart contract,((Cooper Grace Ward Lawyers - Intellectual property law implications of non-fungible tokens<\/a>)) so unless agreed upon otherwise the creator retains the copyright title.<\/p>\n\n\n\n The first NFT was called Quantum. It was created by Kevin McCoy and Anil Dash in May 2014. The GIF was registered on the Namecoin blockchain, being sold for $4 to Dash from McCoy during a live presentation in New York City.((Seven on Seven 2014: Kevin McCoy & Anil Dash<\/a>)) McCoy and Dash described the technology as \"monetized graphics\".((The Atlantic, Anil Dash - NFTs Weren\u2019t Supposed to End Like This<\/a>))<\/p>\n\n\n\n Owning an NFT doesn't automatically grant the copyright to the asset.((The Wall Street Journal - NFTs Are the Biggest Internet Craze. Do They Work for Sneakers?<\/a>)) The property rights associated with an NFT depends on what is encoded within the smart contract,((Cooper Grace Ward Lawyers - Intellectual property law implications of non-fungible tokens<\/a>)) so unless agreed upon otherwise the creator retains the copyright title.<\/p>\n\n\n\n The first NFT was called Quantum. It was created by Kevin McCoy and Anil Dash in May 2014. The GIF was registered on the Namecoin blockchain, being sold for $4 to Dash from McCoy during a live presentation in New York City.((Seven on Seven 2014: Kevin McCoy & Anil Dash<\/a>)) McCoy and Dash described the technology as \"monetized graphics\".((The Atlantic, Anil Dash - NFTs Weren\u2019t Supposed to End Like This<\/a>))<\/p>\n\n\n\n To keep your NFTs safe you must store them in a wallet and not on an exchange, enable two-factor authentication, and not click any links of sorts. Not your keys, not your NFTs.<\/p>\n\n\n\n Owning an NFT doesn't automatically grant the copyright to the asset.((The Wall Street Journal - NFTs Are the Biggest Internet Craze. Do They Work for Sneakers?<\/a>)) The property rights associated with an NFT depends on what is encoded within the smart contract,((Cooper Grace Ward Lawyers - Intellectual property law implications of non-fungible tokens<\/a>)) so unless agreed upon otherwise the creator retains the copyright title.<\/p>\n\n\n\n The first NFT was called Quantum. It was created by Kevin McCoy and Anil Dash in May 2014. The GIF was registered on the Namecoin blockchain, being sold for $4 to Dash from McCoy during a live presentation in New York City.((Seven on Seven 2014: Kevin McCoy & Anil Dash<\/a>)) McCoy and Dash described the technology as \"monetized graphics\".((The Atlantic, Anil Dash - NFTs Weren\u2019t Supposed to End Like This<\/a>))<\/p>\n\n\n\n NFTs utilize blockchain technology and are protected through cryptography and encryption methods. Blockchains are run by nodes<\/a> distributed throughout the world and not centralized entities making them heavily resistant to hacks, attacks, and fraud. Although, the platform where the NFT is hosted may be attacked or fall under, jeopardizing your tokens.<\/p>\n\n\n\n To keep your NFTs safe you must store them in a wallet and not on an exchange, enable two-factor authentication, and not click any links of sorts. Not your keys, not your NFTs.<\/p>\n\n\n\n Owning an NFT doesn't automatically grant the copyright to the asset.((The Wall Street Journal - NFTs Are the Biggest Internet Craze. Do They Work for Sneakers?<\/a>)) The property rights associated with an NFT depends on what is encoded within the smart contract,((Cooper Grace Ward Lawyers - Intellectual property law implications of non-fungible tokens<\/a>)) so unless agreed upon otherwise the creator retains the copyright title.<\/p>\n\n\n\n The first NFT was called Quantum. It was created by Kevin McCoy and Anil Dash in May 2014. The GIF was registered on the Namecoin blockchain, being sold for $4 to Dash from McCoy during a live presentation in New York City.((Seven on Seven 2014: Kevin McCoy & Anil Dash<\/a>)) McCoy and Dash described the technology as \"monetized graphics\".((The Atlantic, Anil Dash - NFTs Weren\u2019t Supposed to End Like This<\/a>))<\/p>\n\n\n\n NFTs utilize blockchain technology and are protected through cryptography and encryption methods. Blockchains are run by nodes<\/a> distributed throughout the world and not centralized entities making them heavily resistant to hacks, attacks, and fraud. Although, the platform where the NFT is hosted may be attacked or fall under, jeopardizing your tokens.<\/p>\n\n\n\n To keep your NFTs safe you must store them in a wallet and not on an exchange, enable two-factor authentication, and not click any links of sorts. Not your keys, not your NFTs.<\/p>\n\n\n\n Owning an NFT doesn't automatically grant the copyright to the asset.((The Wall Street Journal - NFTs Are the Biggest Internet Craze. Do They Work for Sneakers?<\/a>)) The property rights associated with an NFT depends on what is encoded within the smart contract,((Cooper Grace Ward Lawyers - Intellectual property law implications of non-fungible tokens<\/a>)) so unless agreed upon otherwise the creator retains the copyright title.<\/p>\n\n\n\n The first NFT was called Quantum. It was created by Kevin McCoy and Anil Dash in May 2014. The GIF was registered on the Namecoin blockchain, being sold for $4 to Dash from McCoy during a live presentation in New York City.((Seven on Seven 2014: Kevin McCoy & Anil Dash<\/a>)) McCoy and Dash described the technology as \"monetized graphics\".((The Atlantic, Anil Dash - NFTs Weren\u2019t Supposed to End Like This<\/a>))<\/p>\n\n\n\n Tokenizing digital or physical assets can make the process of buying, selling, and trading safer and lessen the risk of fraud while increasing market efficiency. <\/p>\n\n\n\n NFTs utilize blockchain technology and are protected through cryptography and encryption methods. Blockchains are run by nodes<\/a> distributed throughout the world and not centralized entities making them heavily resistant to hacks, attacks, and fraud. Although, the platform where the NFT is hosted may be attacked or fall under, jeopardizing your tokens.<\/p>\n\n\n\n To keep your NFTs safe you must store them in a wallet and not on an exchange, enable two-factor authentication, and not click any links of sorts. Not your keys, not your NFTs.<\/p>\n\n\n\n Owning an NFT doesn't automatically grant the copyright to the asset.((The Wall Street Journal - NFTs Are the Biggest Internet Craze. Do They Work for Sneakers?<\/a>)) The property rights associated with an NFT depends on what is encoded within the smart contract,((Cooper Grace Ward Lawyers - Intellectual property law implications of non-fungible tokens<\/a>)) so unless agreed upon otherwise the creator retains the copyright title.<\/p>\n\n\n\n The first NFT was called Quantum. It was created by Kevin McCoy and Anil Dash in May 2014. The GIF was registered on the Namecoin blockchain, being sold for $4 to Dash from McCoy during a live presentation in New York City.((Seven on Seven 2014: Kevin McCoy & Anil Dash<\/a>)) McCoy and Dash described the technology as \"monetized graphics\".((The Atlantic, Anil Dash - NFTs Weren\u2019t Supposed to End Like This<\/a>))<\/p>\n\n\n\n NFTs at their base represent digital and verifiable ownership, this can be for digital items or physical items. This ownership is easily transferable between peers<\/a>.<\/p>\n\n\n\n Tokenizing digital or physical assets can make the process of buying, selling, and trading safer and lessen the risk of fraud while increasing market efficiency. <\/p>\n\n\n\n NFTs utilize blockchain technology and are protected through cryptography and encryption methods. Blockchains are run by nodes<\/a> distributed throughout the world and not centralized entities making them heavily resistant to hacks, attacks, and fraud. Although, the platform where the NFT is hosted may be attacked or fall under, jeopardizing your tokens.<\/p>\n\n\n\n To keep your NFTs safe you must store them in a wallet and not on an exchange, enable two-factor authentication, and not click any links of sorts. Not your keys, not your NFTs.<\/p>\n\n\n\n Owning an NFT doesn't automatically grant the copyright to the asset.((The Wall Street Journal - NFTs Are the Biggest Internet Craze. Do They Work for Sneakers?<\/a>)) The property rights associated with an NFT depends on what is encoded within the smart contract,((Cooper Grace Ward Lawyers - Intellectual property law implications of non-fungible tokens<\/a>)) so unless agreed upon otherwise the creator retains the copyright title.<\/p>\n\n\n\n The first NFT was called Quantum. It was created by Kevin McCoy and Anil Dash in May 2014. The GIF was registered on the Namecoin blockchain, being sold for $4 to Dash from McCoy during a live presentation in New York City.((Seven on Seven 2014: Kevin McCoy & Anil Dash<\/a>)) McCoy and Dash described the technology as \"monetized graphics\".((The Atlantic, Anil Dash - NFTs Weren\u2019t Supposed to End Like This<\/a>))<\/p>\n\n\n\n NFTs at their base represent digital and verifiable ownership, this can be for digital items or physical items. This ownership is easily transferable between peers<\/a>.<\/p>\n\n\n\n Tokenizing digital or physical assets can make the process of buying, selling, and trading safer and lessen the risk of fraud while increasing market efficiency. <\/p>\n\n\n\n NFTs utilize blockchain technology and are protected through cryptography and encryption methods. Blockchains are run by nodes<\/a> distributed throughout the world and not centralized entities making them heavily resistant to hacks, attacks, and fraud. Although, the platform where the NFT is hosted may be attacked or fall under, jeopardizing your tokens.<\/p>\n\n\n\n To keep your NFTs safe you must store them in a wallet and not on an exchange, enable two-factor authentication, and not click any links of sorts. Not your keys, not your NFTs.<\/p>\n\n\n\n Owning an NFT doesn't automatically grant the copyright to the asset.((The Wall Street Journal - NFTs Are the Biggest Internet Craze. Do They Work for Sneakers?<\/a>)) The property rights associated with an NFT depends on what is encoded within the smart contract,((Cooper Grace Ward Lawyers - Intellectual property law implications of non-fungible tokens<\/a>)) so unless agreed upon otherwise the creator retains the copyright title.<\/p>\n\n\n\n The first NFT was called Quantum. It was created by Kevin McCoy and Anil Dash in May 2014. The GIF was registered on the Namecoin blockchain, being sold for $4 to Dash from McCoy during a live presentation in New York City.((Seven on Seven 2014: Kevin McCoy & Anil Dash<\/a>)) McCoy and Dash described the technology as \"monetized graphics\".((The Atlantic, Anil Dash - NFTs Weren\u2019t Supposed to End Like This<\/a>))<\/p>\n\n\n\n NFT domains allow users to change their long and hard-to-remember wallet address to something longer such as \"ethereum.eth\" on the Ethereum Name Service (ENS) or \"bitcoin.bit\" on Namecoin. Working similarly to a web domain, on the blockchain instead.<\/p>\n\n\n\n NFTs at their base represent digital and verifiable ownership, this can be for digital items or physical items. This ownership is easily transferable between peers<\/a>.<\/p>\n\n\n\n Tokenizing digital or physical assets can make the process of buying, selling, and trading safer and lessen the risk of fraud while increasing market efficiency. <\/p>\n\n\n\n NFTs utilize blockchain technology and are protected through cryptography and encryption methods. Blockchains are run by nodes<\/a> distributed throughout the world and not centralized entities making them heavily resistant to hacks, attacks, and fraud. Although, the platform where the NFT is hosted may be attacked or fall under, jeopardizing your tokens.<\/p>\n\n\n\n To keep your NFTs safe you must store them in a wallet and not on an exchange, enable two-factor authentication, and not click any links of sorts. Not your keys, not your NFTs.<\/p>\n\n\n\n Owning an NFT doesn't automatically grant the copyright to the asset.((The Wall Street Journal - NFTs Are the Biggest Internet Craze. Do They Work for Sneakers?<\/a>)) The property rights associated with an NFT depends on what is encoded within the smart contract,((Cooper Grace Ward Lawyers - Intellectual property law implications of non-fungible tokens<\/a>)) so unless agreed upon otherwise the creator retains the copyright title.<\/p>\n\n\n\n The first NFT was called Quantum. It was created by Kevin McCoy and Anil Dash in May 2014. The GIF was registered on the Namecoin blockchain, being sold for $4 to Dash from McCoy during a live presentation in New York City.((Seven on Seven 2014: Kevin McCoy & Anil Dash<\/a>)) McCoy and Dash described the technology as \"monetized graphics\".((The Atlantic, Anil Dash - NFTs Weren\u2019t Supposed to End Like This<\/a>))<\/p>\n\n\n\n NFT domains allow users to change their long and hard-to-remember wallet address to something longer such as \"ethereum.eth\" on the Ethereum Name Service (ENS) or \"bitcoin.bit\" on Namecoin. Working similarly to a web domain, on the blockchain instead.<\/p>\n\n\n\n NFTs at their base represent digital and verifiable ownership, this can be for digital items or physical items. This ownership is easily transferable between peers<\/a>.<\/p>\n\n\n\n Tokenizing digital or physical assets can make the process of buying, selling, and trading safer and lessen the risk of fraud while increasing market efficiency. <\/p>\n\n\n\n NFTs utilize blockchain technology and are protected through cryptography and encryption methods. Blockchains are run by nodes<\/a> distributed throughout the world and not centralized entities making them heavily resistant to hacks, attacks, and fraud. Although, the platform where the NFT is hosted may be attacked or fall under, jeopardizing your tokens.<\/p>\n\n\n\n To keep your NFTs safe you must store them in a wallet and not on an exchange, enable two-factor authentication, and not click any links of sorts. Not your keys, not your NFTs.<\/p>\n\n\n\n Owning an NFT doesn't automatically grant the copyright to the asset.((The Wall Street Journal - NFTs Are the Biggest Internet Craze. Do They Work for Sneakers?<\/a>)) The property rights associated with an NFT depends on what is encoded within the smart contract,((Cooper Grace Ward Lawyers - Intellectual property law implications of non-fungible tokens<\/a>)) so unless agreed upon otherwise the creator retains the copyright title.<\/p>\n\n\n\n The first NFT was called Quantum. It was created by Kevin McCoy and Anil Dash in May 2014. The GIF was registered on the Namecoin blockchain, being sold for $4 to Dash from McCoy during a live presentation in New York City.((Seven on Seven 2014: Kevin McCoy & Anil Dash<\/a>)) McCoy and Dash described the technology as \"monetized graphics\".((The Atlantic, Anil Dash - NFTs Weren\u2019t Supposed to End Like This<\/a>))<\/p>\n\n\n\n Similar to digital assets, music NFTs have allowed musicians to control the distribution of their music by putting the control back into the creators. Artists like Eminem((Billboard - Eminem\u2019s First NFT Drop, \u2018Shady Con,\u2019 Includes One-of-a-Kind Slim Shady-Produced Beats<\/a>)) and Grimes((The Verge - Grimes sold $6 million worth of digital art as NFTs<\/a>)) have been quick to adopt the technology to release their music in a new way.<\/p>\n\n\n\n NFT domains allow users to change their long and hard-to-remember wallet address to something longer such as \"ethereum.eth\" on the Ethereum Name Service (ENS) or \"bitcoin.bit\" on Namecoin. Working similarly to a web domain, on the blockchain instead.<\/p>\n\n\n\n NFTs at their base represent digital and verifiable ownership, this can be for digital items or physical items. This ownership is easily transferable between peers<\/a>.<\/p>\n\n\n\n Tokenizing digital or physical assets can make the process of buying, selling, and trading safer and lessen the risk of fraud while increasing market efficiency. <\/p>\n\n\n\n NFTs utilize blockchain technology and are protected through cryptography and encryption methods. Blockchains are run by nodes<\/a> distributed throughout the world and not centralized entities making them heavily resistant to hacks, attacks, and fraud. Although, the platform where the NFT is hosted may be attacked or fall under, jeopardizing your tokens.<\/p>\n\n\n\n To keep your NFTs safe you must store them in a wallet and not on an exchange, enable two-factor authentication, and not click any links of sorts. Not your keys, not your NFTs.<\/p>\n\n\n\n Owning an NFT doesn't automatically grant the copyright to the asset.((The Wall Street Journal - NFTs Are the Biggest Internet Craze. Do They Work for Sneakers?<\/a>)) The property rights associated with an NFT depends on what is encoded within the smart contract,((Cooper Grace Ward Lawyers - Intellectual property law implications of non-fungible tokens<\/a>)) so unless agreed upon otherwise the creator retains the copyright title.<\/p>\n\n\n\n The first NFT was called Quantum. It was created by Kevin McCoy and Anil Dash in May 2014. The GIF was registered on the Namecoin blockchain, being sold for $4 to Dash from McCoy during a live presentation in New York City.((Seven on Seven 2014: Kevin McCoy & Anil Dash<\/a>)) McCoy and Dash described the technology as \"monetized graphics\".((The Atlantic, Anil Dash - NFTs Weren\u2019t Supposed to End Like This<\/a>))<\/p>\n\n\n\n Similar to digital assets, music NFTs have allowed musicians to control the distribution of their music by putting the control back into the creators. Artists like Eminem((Billboard - Eminem\u2019s First NFT Drop, \u2018Shady Con,\u2019 Includes One-of-a-Kind Slim Shady-Produced Beats<\/a>)) and Grimes((The Verge - Grimes sold $6 million worth of digital art as NFTs<\/a>)) have been quick to adopt the technology to release their music in a new way.<\/p>\n\n\n\n NFT domains allow users to change their long and hard-to-remember wallet address to something longer such as \"ethereum.eth\" on the Ethereum Name Service (ENS) or \"bitcoin.bit\" on Namecoin. Working similarly to a web domain, on the blockchain instead.<\/p>\n\n\n\n NFTs at their base represent digital and verifiable ownership, this can be for digital items or physical items. This ownership is easily transferable between peers<\/a>.<\/p>\n\n\n\n Tokenizing digital or physical assets can make the process of buying, selling, and trading safer and lessen the risk of fraud while increasing market efficiency. <\/p>\n\n\n\n NFTs utilize blockchain technology and are protected through cryptography and encryption methods. Blockchains are run by nodes<\/a> distributed throughout the world and not centralized entities making them heavily resistant to hacks, attacks, and fraud. Although, the platform where the NFT is hosted may be attacked or fall under, jeopardizing your tokens.<\/p>\n\n\n\n To keep your NFTs safe you must store them in a wallet and not on an exchange, enable two-factor authentication, and not click any links of sorts. Not your keys, not your NFTs.<\/p>\n\n\n\n Owning an NFT doesn't automatically grant the copyright to the asset.((The Wall Street Journal - NFTs Are the Biggest Internet Craze. Do They Work for Sneakers?<\/a>)) The property rights associated with an NFT depends on what is encoded within the smart contract,((Cooper Grace Ward Lawyers - Intellectual property law implications of non-fungible tokens<\/a>)) so unless agreed upon otherwise the creator retains the copyright title.<\/p>\n\n\n\n The first NFT was called Quantum. It was created by Kevin McCoy and Anil Dash in May 2014. The GIF was registered on the Namecoin blockchain, being sold for $4 to Dash from McCoy during a live presentation in New York City.((Seven on Seven 2014: Kevin McCoy & Anil Dash<\/a>)) McCoy and Dash described the technology as \"monetized graphics\".((The Atlantic, Anil Dash - NFTs Weren\u2019t Supposed to End Like This<\/a>))<\/p>\n\n\n\n Although, this would also allow you to track where your data is sent and put more control into the hands of your own data, through the use of smart contracts and other types of programming.((Privacy Affairs - The New Use Case for NFTs \u2013 Solving Online Identity Verification<\/a>))<\/p>\n\n\n\n Similar to digital assets, music NFTs have allowed musicians to control the distribution of their music by putting the control back into the creators. Artists like Eminem((Billboard - Eminem\u2019s First NFT Drop, \u2018Shady Con,\u2019 Includes One-of-a-Kind Slim Shady-Produced Beats<\/a>)) and Grimes((The Verge - Grimes sold $6 million worth of digital art as NFTs<\/a>)) have been quick to adopt the technology to release their music in a new way.<\/p>\n\n\n\n NFT domains allow users to change their long and hard-to-remember wallet address to something longer such as \"ethereum.eth\" on the Ethereum Name Service (ENS) or \"bitcoin.bit\" on Namecoin. Working similarly to a web domain, on the blockchain instead.<\/p>\n\n\n\n NFTs at their base represent digital and verifiable ownership, this can be for digital items or physical items. This ownership is easily transferable between peers<\/a>.<\/p>\n\n\n\n Tokenizing digital or physical assets can make the process of buying, selling, and trading safer and lessen the risk of fraud while increasing market efficiency. <\/p>\n\n\n\n NFTs utilize blockchain technology and are protected through cryptography and encryption methods. Blockchains are run by nodes<\/a> distributed throughout the world and not centralized entities making them heavily resistant to hacks, attacks, and fraud. Although, the platform where the NFT is hosted may be attacked or fall under, jeopardizing your tokens.<\/p>\n\n\n\n To keep your NFTs safe you must store them in a wallet and not on an exchange, enable two-factor authentication, and not click any links of sorts. Not your keys, not your NFTs.<\/p>\n\n\n\n Owning an NFT doesn't automatically grant the copyright to the asset.((The Wall Street Journal - NFTs Are the Biggest Internet Craze. Do They Work for Sneakers?<\/a>)) The property rights associated with an NFT depends on what is encoded within the smart contract,((Cooper Grace Ward Lawyers - Intellectual property law implications of non-fungible tokens<\/a>)) so unless agreed upon otherwise the creator retains the copyright title.<\/p>\n\n\n\n The first NFT was called Quantum. It was created by Kevin McCoy and Anil Dash in May 2014. The GIF was registered on the Namecoin blockchain, being sold for $4 to Dash from McCoy during a live presentation in New York City.((Seven on Seven 2014: Kevin McCoy & Anil Dash<\/a>)) McCoy and Dash described the technology as \"monetized graphics\".((The Atlantic, Anil Dash - NFTs Weren\u2019t Supposed to End Like This<\/a>))<\/p>\n\n\n\n NFTs can possibly replace physical, non-fungible certificates like driver's licenses, passports, etc. through the use of soulbound tokens<\/a> which are non-transferrable NFTs. Having this data implemented online may reduce the amount of fraud and crime, it would also lessen your online anonymity. <\/p>\n\n\n\n Although, this would also allow you to track where your data is sent and put more control into the hands of your own data, through the use of smart contracts and other types of programming.((Privacy Affairs - The New Use Case for NFTs \u2013 Solving Online Identity Verification<\/a>))<\/p>\n\n\n\n Similar to digital assets, music NFTs have allowed musicians to control the distribution of their music by putting the control back into the creators. Artists like Eminem((Billboard - Eminem\u2019s First NFT Drop, \u2018Shady Con,\u2019 Includes One-of-a-Kind Slim Shady-Produced Beats<\/a>)) and Grimes((The Verge - Grimes sold $6 million worth of digital art as NFTs<\/a>)) have been quick to adopt the technology to release their music in a new way.<\/p>\n\n\n\n NFT domains allow users to change their long and hard-to-remember wallet address to something longer such as \"ethereum.eth\" on the Ethereum Name Service (ENS) or \"bitcoin.bit\" on Namecoin. Working similarly to a web domain, on the blockchain instead.<\/p>\n\n\n\n NFTs at their base represent digital and verifiable ownership, this can be for digital items or physical items. This ownership is easily transferable between peers<\/a>.<\/p>\n\n\n\n Tokenizing digital or physical assets can make the process of buying, selling, and trading safer and lessen the risk of fraud while increasing market efficiency. <\/p>\n\n\n\n NFTs utilize blockchain technology and are protected through cryptography and encryption methods. Blockchains are run by nodes<\/a> distributed throughout the world and not centralized entities making them heavily resistant to hacks, attacks, and fraud. Although, the platform where the NFT is hosted may be attacked or fall under, jeopardizing your tokens.<\/p>\n\n\n\n To keep your NFTs safe you must store them in a wallet and not on an exchange, enable two-factor authentication, and not click any links of sorts. Not your keys, not your NFTs.<\/p>\n\n\n\n Owning an NFT doesn't automatically grant the copyright to the asset.((The Wall Street Journal - NFTs Are the Biggest Internet Craze. Do They Work for Sneakers?<\/a>)) The property rights associated with an NFT depends on what is encoded within the smart contract,((Cooper Grace Ward Lawyers - Intellectual property law implications of non-fungible tokens<\/a>)) so unless agreed upon otherwise the creator retains the copyright title.<\/p>\n\n\n\n The first NFT was called Quantum. It was created by Kevin McCoy and Anil Dash in May 2014. The GIF was registered on the Namecoin blockchain, being sold for $4 to Dash from McCoy during a live presentation in New York City.((Seven on Seven 2014: Kevin McCoy & Anil Dash<\/a>)) McCoy and Dash described the technology as \"monetized graphics\".((The Atlantic, Anil Dash - NFTs Weren\u2019t Supposed to End Like This<\/a>))<\/p>\n\n\n\n NFTs can possibly replace physical, non-fungible certificates like driver's licenses, passports, etc. through the use of soulbound tokens<\/a> which are non-transferrable NFTs. Having this data implemented online may reduce the amount of fraud and crime, it would also lessen your online anonymity. <\/p>\n\n\n\n Although, this would also allow you to track where your data is sent and put more control into the hands of your own data, through the use of smart contracts and other types of programming.((Privacy Affairs - The New Use Case for NFTs \u2013 Solving Online Identity Verification<\/a>))<\/p>\n\n\n\n Similar to digital assets, music NFTs have allowed musicians to control the distribution of their music by putting the control back into the creators. Artists like Eminem((Billboard - Eminem\u2019s First NFT Drop, \u2018Shady Con,\u2019 Includes One-of-a-Kind Slim Shady-Produced Beats<\/a>)) and Grimes((The Verge - Grimes sold $6 million worth of digital art as NFTs<\/a>)) have been quick to adopt the technology to release their music in a new way.<\/p>\n\n\n\n NFT domains allow users to change their long and hard-to-remember wallet address to something longer such as \"ethereum.eth\" on the Ethereum Name Service (ENS) or \"bitcoin.bit\" on Namecoin. Working similarly to a web domain, on the blockchain instead.<\/p>\n\n\n\n NFTs at their base represent digital and verifiable ownership, this can be for digital items or physical items. This ownership is easily transferable between peers<\/a>.<\/p>\n\n\n\n Tokenizing digital or physical assets can make the process of buying, selling, and trading safer and lessen the risk of fraud while increasing market efficiency. <\/p>\n\n\n\n NFTs utilize blockchain technology and are protected through cryptography and encryption methods. Blockchains are run by nodes<\/a> distributed throughout the world and not centralized entities making them heavily resistant to hacks, attacks, and fraud. Although, the platform where the NFT is hosted may be attacked or fall under, jeopardizing your tokens.<\/p>\n\n\n\n To keep your NFTs safe you must store them in a wallet and not on an exchange, enable two-factor authentication, and not click any links of sorts. Not your keys, not your NFTs.<\/p>\n\n\n\n Owning an NFT doesn't automatically grant the copyright to the asset.((The Wall Street Journal - NFTs Are the Biggest Internet Craze. Do They Work for Sneakers?<\/a>)) The property rights associated with an NFT depends on what is encoded within the smart contract,((Cooper Grace Ward Lawyers - Intellectual property law implications of non-fungible tokens<\/a>)) so unless agreed upon otherwise the creator retains the copyright title.<\/p>\n\n\n\n The first NFT was called Quantum. It was created by Kevin McCoy and Anil Dash in May 2014. The GIF was registered on the Namecoin blockchain, being sold for $4 to Dash from McCoy during a live presentation in New York City.((Seven on Seven 2014: Kevin McCoy & Anil Dash<\/a>)) McCoy and Dash described the technology as \"monetized graphics\".((The Atlantic, Anil Dash - NFTs Weren\u2019t Supposed to End Like This<\/a>))<\/p>\n\n\n\n NFTs have become a core part of Web3 games, namely to represent in-game items such as characters, items, and assets within the game. Games such as sandbox offer users to buy plots of land, characters, and accessories.((OpenSea - The Sandbox<\/a>))((OpenSea - The Sandbox Assets<\/a>))<\/p>\n\n\n\n NFTs can possibly replace physical, non-fungible certificates like driver's licenses, passports, etc. through the use of soulbound tokens<\/a> which are non-transferrable NFTs. Having this data implemented online may reduce the amount of fraud and crime, it would also lessen your online anonymity. <\/p>\n\n\n\n Although, this would also allow you to track where your data is sent and put more control into the hands of your own data, through the use of smart contracts and other types of programming.((Privacy Affairs - The New Use Case for NFTs \u2013 Solving Online Identity Verification<\/a>))<\/p>\n\n\n\n Similar to digital assets, music NFTs have allowed musicians to control the distribution of their music by putting the control back into the creators. Artists like Eminem((Billboard - Eminem\u2019s First NFT Drop, \u2018Shady Con,\u2019 Includes One-of-a-Kind Slim Shady-Produced Beats<\/a>)) and Grimes((The Verge - Grimes sold $6 million worth of digital art as NFTs<\/a>)) have been quick to adopt the technology to release their music in a new way.<\/p>\n\n\n\n NFT domains allow users to change their long and hard-to-remember wallet address to something longer such as \"ethereum.eth\" on the Ethereum Name Service (ENS) or \"bitcoin.bit\" on Namecoin. Working similarly to a web domain, on the blockchain instead.<\/p>\n\n\n\n NFTs at their base represent digital and verifiable ownership, this can be for digital items or physical items. This ownership is easily transferable between peers<\/a>.<\/p>\n\n\n\n Tokenizing digital or physical assets can make the process of buying, selling, and trading safer and lessen the risk of fraud while increasing market efficiency. <\/p>\n\n\n\n NFTs utilize blockchain technology and are protected through cryptography and encryption methods. Blockchains are run by nodes<\/a> distributed throughout the world and not centralized entities making them heavily resistant to hacks, attacks, and fraud. Although, the platform where the NFT is hosted may be attacked or fall under, jeopardizing your tokens.<\/p>\n\n\n\n To keep your NFTs safe you must store them in a wallet and not on an exchange, enable two-factor authentication, and not click any links of sorts. Not your keys, not your NFTs.<\/p>\n\n\n\n Owning an NFT doesn't automatically grant the copyright to the asset.((The Wall Street Journal - NFTs Are the Biggest Internet Craze. Do They Work for Sneakers?<\/a>)) The property rights associated with an NFT depends on what is encoded within the smart contract,((Cooper Grace Ward Lawyers - Intellectual property law implications of non-fungible tokens<\/a>)) so unless agreed upon otherwise the creator retains the copyright title.<\/p>\n\n\n\n The first NFT was called Quantum. It was created by Kevin McCoy and Anil Dash in May 2014. The GIF was registered on the Namecoin blockchain, being sold for $4 to Dash from McCoy during a live presentation in New York City.((Seven on Seven 2014: Kevin McCoy & Anil Dash<\/a>)) McCoy and Dash described the technology as \"monetized graphics\".((The Atlantic, Anil Dash - NFTs Weren\u2019t Supposed to End Like This<\/a>))<\/p>\n\n\n\n NFTs have become a core part of Web3 games, namely to represent in-game items such as characters, items, and assets within the game. Games such as sandbox offer users to buy plots of land, characters, and accessories.((OpenSea - The Sandbox<\/a>))((OpenSea - The Sandbox Assets<\/a>))<\/p>\n\n\n\n NFTs can possibly replace physical, non-fungible certificates like driver's licenses, passports, etc. through the use of soulbound tokens<\/a> which are non-transferrable NFTs. Having this data implemented online may reduce the amount of fraud and crime, it would also lessen your online anonymity. <\/p>\n\n\n\n Although, this would also allow you to track where your data is sent and put more control into the hands of your own data, through the use of smart contracts and other types of programming.((Privacy Affairs - The New Use Case for NFTs \u2013 Solving Online Identity Verification<\/a>))<\/p>\n\n\n\n Similar to digital assets, music NFTs have allowed musicians to control the distribution of their music by putting the control back into the creators. Artists like Eminem((Billboard - Eminem\u2019s First NFT Drop, \u2018Shady Con,\u2019 Includes One-of-a-Kind Slim Shady-Produced Beats<\/a>)) and Grimes((The Verge - Grimes sold $6 million worth of digital art as NFTs<\/a>)) have been quick to adopt the technology to release their music in a new way.<\/p>\n\n\n\n NFT domains allow users to change their long and hard-to-remember wallet address to something longer such as \"ethereum.eth\" on the Ethereum Name Service (ENS) or \"bitcoin.bit\" on Namecoin. Working similarly to a web domain, on the blockchain instead.<\/p>\n\n\n\n NFTs at their base represent digital and verifiable ownership, this can be for digital items or physical items. This ownership is easily transferable between peers<\/a>.<\/p>\n\n\n\n Tokenizing digital or physical assets can make the process of buying, selling, and trading safer and lessen the risk of fraud while increasing market efficiency. <\/p>\n\n\n\n NFTs utilize blockchain technology and are protected through cryptography and encryption methods. Blockchains are run by nodes<\/a> distributed throughout the world and not centralized entities making them heavily resistant to hacks, attacks, and fraud. Although, the platform where the NFT is hosted may be attacked or fall under, jeopardizing your tokens.<\/p>\n\n\n\n To keep your NFTs safe you must store them in a wallet and not on an exchange, enable two-factor authentication, and not click any links of sorts. Not your keys, not your NFTs.<\/p>\n\n\n\n Owning an NFT doesn't automatically grant the copyright to the asset.((The Wall Street Journal - NFTs Are the Biggest Internet Craze. Do They Work for Sneakers?<\/a>)) The property rights associated with an NFT depends on what is encoded within the smart contract,((Cooper Grace Ward Lawyers - Intellectual property law implications of non-fungible tokens<\/a>)) so unless agreed upon otherwise the creator retains the copyright title.<\/p>\n\n\n\n The first NFT was called Quantum. It was created by Kevin McCoy and Anil Dash in May 2014. The GIF was registered on the Namecoin blockchain, being sold for $4 to Dash from McCoy during a live presentation in New York City.((Seven on Seven 2014: Kevin McCoy & Anil Dash<\/a>)) McCoy and Dash described the technology as \"monetized graphics\".((The Atlantic, Anil Dash - NFTs Weren\u2019t Supposed to End Like This<\/a>))<\/p>\n\n\n\n The shift to a more creator-friendly economy means that creators can choose to host events such as Gary Vaynerchuck's \"VeeCon\" which was available to those who own a verifiable VeeFriends<\/a> NFT, not a screenshot of one.<\/p>\n\n\n\n NFTs have become a core part of Web3 games, namely to represent in-game items such as characters, items, and assets within the game. Games such as sandbox offer users to buy plots of land, characters, and accessories.((OpenSea - The Sandbox<\/a>))((OpenSea - The Sandbox Assets<\/a>))<\/p>\n\n\n\n NFTs can possibly replace physical, non-fungible certificates like driver's licenses, passports, etc. through the use of soulbound tokens<\/a> which are non-transferrable NFTs. Having this data implemented online may reduce the amount of fraud and crime, it would also lessen your online anonymity. <\/p>\n\n\n\n Although, this would also allow you to track where your data is sent and put more control into the hands of your own data, through the use of smart contracts and other types of programming.((Privacy Affairs - The New Use Case for NFTs \u2013 Solving Online Identity Verification<\/a>))<\/p>\n\n\n\n Similar to digital assets, music NFTs have allowed musicians to control the distribution of their music by putting the control back into the creators. Artists like Eminem((Billboard - Eminem\u2019s First NFT Drop, \u2018Shady Con,\u2019 Includes One-of-a-Kind Slim Shady-Produced Beats<\/a>)) and Grimes((The Verge - Grimes sold $6 million worth of digital art as NFTs<\/a>)) have been quick to adopt the technology to release their music in a new way.<\/p>\n\n\n\n NFT domains allow users to change their long and hard-to-remember wallet address to something longer such as \"ethereum.eth\" on the Ethereum Name Service (ENS) or \"bitcoin.bit\" on Namecoin. Working similarly to a web domain, on the blockchain instead.<\/p>\n\n\n\n NFTs at their base represent digital and verifiable ownership, this can be for digital items or physical items. This ownership is easily transferable between peers<\/a>.<\/p>\n\n\n\n Tokenizing digital or physical assets can make the process of buying, selling, and trading safer and lessen the risk of fraud while increasing market efficiency. <\/p>\n\n\n\n NFTs utilize blockchain technology and are protected through cryptography and encryption methods. Blockchains are run by nodes<\/a> distributed throughout the world and not centralized entities making them heavily resistant to hacks, attacks, and fraud. Although, the platform where the NFT is hosted may be attacked or fall under, jeopardizing your tokens.<\/p>\n\n\n\n To keep your NFTs safe you must store them in a wallet and not on an exchange, enable two-factor authentication, and not click any links of sorts. Not your keys, not your NFTs.<\/p>\n\n\n\n Owning an NFT doesn't automatically grant the copyright to the asset.((The Wall Street Journal - NFTs Are the Biggest Internet Craze. Do They Work for Sneakers?<\/a>)) The property rights associated with an NFT depends on what is encoded within the smart contract,((Cooper Grace Ward Lawyers - Intellectual property law implications of non-fungible tokens<\/a>)) so unless agreed upon otherwise the creator retains the copyright title.<\/p>\n\n\n\n The first NFT was called Quantum. It was created by Kevin McCoy and Anil Dash in May 2014. The GIF was registered on the Namecoin blockchain, being sold for $4 to Dash from McCoy during a live presentation in New York City.((Seven on Seven 2014: Kevin McCoy & Anil Dash<\/a>)) McCoy and Dash described the technology as \"monetized graphics\".((The Atlantic, Anil Dash - NFTs Weren\u2019t Supposed to End Like This<\/a>))<\/p>\n\n\n\n There is a lot of controversy around the digital art sector, namely that they can be saved onto your own device. The difference between JPEGs and NFTs lies in the verifiable ownership of the asset.<\/p>\n\n\n\n The shift to a more creator-friendly economy means that creators can choose to host events such as Gary Vaynerchuck's \"VeeCon\" which was available to those who own a verifiable VeeFriends<\/a> NFT, not a screenshot of one.<\/p>\n\n\n\n NFTs have become a core part of Web3 games, namely to represent in-game items such as characters, items, and assets within the game. Games such as sandbox offer users to buy plots of land, characters, and accessories.((OpenSea - The Sandbox<\/a>))((OpenSea - The Sandbox Assets<\/a>))<\/p>\n\n\n\n NFTs can possibly replace physical, non-fungible certificates like driver's licenses, passports, etc. through the use of soulbound tokens<\/a> which are non-transferrable NFTs. Having this data implemented online may reduce the amount of fraud and crime, it would also lessen your online anonymity. <\/p>\n\n\n\n Although, this would also allow you to track where your data is sent and put more control into the hands of your own data, through the use of smart contracts and other types of programming.((Privacy Affairs - The New Use Case for NFTs \u2013 Solving Online Identity Verification<\/a>))<\/p>\n\n\n\n Similar to digital assets, music NFTs have allowed musicians to control the distribution of their music by putting the control back into the creators. Artists like Eminem((Billboard - Eminem\u2019s First NFT Drop, \u2018Shady Con,\u2019 Includes One-of-a-Kind Slim Shady-Produced Beats<\/a>)) and Grimes((The Verge - Grimes sold $6 million worth of digital art as NFTs<\/a>)) have been quick to adopt the technology to release their music in a new way.<\/p>\n\n\n\n NFT domains allow users to change their long and hard-to-remember wallet address to something longer such as \"ethereum.eth\" on the Ethereum Name Service (ENS) or \"bitcoin.bit\" on Namecoin. Working similarly to a web domain, on the blockchain instead.<\/p>\n\n\n\n NFTs at their base represent digital and verifiable ownership, this can be for digital items or physical items. This ownership is easily transferable between peers<\/a>.<\/p>\n\n\n\n Tokenizing digital or physical assets can make the process of buying, selling, and trading safer and lessen the risk of fraud while increasing market efficiency. <\/p>\n\n\n\n NFTs utilize blockchain technology and are protected through cryptography and encryption methods. Blockchains are run by nodes<\/a> distributed throughout the world and not centralized entities making them heavily resistant to hacks, attacks, and fraud. Although, the platform where the NFT is hosted may be attacked or fall under, jeopardizing your tokens.<\/p>\n\n\n\n To keep your NFTs safe you must store them in a wallet and not on an exchange, enable two-factor authentication, and not click any links of sorts. Not your keys, not your NFTs.<\/p>\n\n\n\n Owning an NFT doesn't automatically grant the copyright to the asset.((The Wall Street Journal - NFTs Are the Biggest Internet Craze. Do They Work for Sneakers?<\/a>)) The property rights associated with an NFT depends on what is encoded within the smart contract,((Cooper Grace Ward Lawyers - Intellectual property law implications of non-fungible tokens<\/a>)) so unless agreed upon otherwise the creator retains the copyright title.<\/p>\n\n\n\n The first NFT was called Quantum. It was created by Kevin McCoy and Anil Dash in May 2014. The GIF was registered on the Namecoin blockchain, being sold for $4 to Dash from McCoy during a live presentation in New York City.((Seven on Seven 2014: Kevin McCoy & Anil Dash<\/a>)) McCoy and Dash described the technology as \"monetized graphics\".((The Atlantic, Anil Dash - NFTs Weren\u2019t Supposed to End Like This<\/a>))<\/p>\n\n\n\nWhat Was The First NFT?<\/h2>\n\n\n\n
NFTs And Copyright<\/h2>\n\n\n\n
What Was The First NFT?<\/h2>\n\n\n\n
NFTs And Copyright<\/h2>\n\n\n\n
What Was The First NFT?<\/h2>\n\n\n\n
NFTs And Copyright<\/h2>\n\n\n\n
What Was The First NFT?<\/h2>\n\n\n\n
Are NFTs Safe?<\/h2>\n\n\n\n
NFTs And Copyright<\/h2>\n\n\n\n
What Was The First NFT?<\/h2>\n\n\n\n
Are NFTs Safe?<\/h2>\n\n\n\n
NFTs And Copyright<\/h2>\n\n\n\n
What Was The First NFT?<\/h2>\n\n\n\n
Are NFTs Safe?<\/h2>\n\n\n\n
NFTs And Copyright<\/h2>\n\n\n\n
What Was The First NFT?<\/h2>\n\n\n\n
What Is The Point Of NFTs?<\/h2>\n\n\n\n
Are NFTs Safe?<\/h2>\n\n\n\n
NFTs And Copyright<\/h2>\n\n\n\n
What Was The First NFT?<\/h2>\n\n\n\n
What Is The Point Of NFTs?<\/h2>\n\n\n\n
Are NFTs Safe?<\/h2>\n\n\n\n
NFTs And Copyright<\/h2>\n\n\n\n
What Was The First NFT?<\/h2>\n\n\n\n
Domain Names<\/h3>\n\n\n\n
What Is The Point Of NFTs?<\/h2>\n\n\n\n
Are NFTs Safe?<\/h2>\n\n\n\n
NFTs And Copyright<\/h2>\n\n\n\n
What Was The First NFT?<\/h2>\n\n\n\n
Domain Names<\/h3>\n\n\n\n
What Is The Point Of NFTs?<\/h2>\n\n\n\n
Are NFTs Safe?<\/h2>\n\n\n\n
NFTs And Copyright<\/h2>\n\n\n\n
What Was The First NFT?<\/h2>\n\n\n\n
Music<\/h3>\n\n\n\n
Domain Names<\/h3>\n\n\n\n
What Is The Point Of NFTs?<\/h2>\n\n\n\n
Are NFTs Safe?<\/h2>\n\n\n\n
NFTs And Copyright<\/h2>\n\n\n\n
What Was The First NFT?<\/h2>\n\n\n\n
Music<\/h3>\n\n\n\n
Domain Names<\/h3>\n\n\n\n
What Is The Point Of NFTs?<\/h2>\n\n\n\n
Are NFTs Safe?<\/h2>\n\n\n\n
NFTs And Copyright<\/h2>\n\n\n\n
What Was The First NFT?<\/h2>\n\n\n\n
Music<\/h3>\n\n\n\n
Domain Names<\/h3>\n\n\n\n
What Is The Point Of NFTs?<\/h2>\n\n\n\n
Are NFTs Safe?<\/h2>\n\n\n\n
NFTs And Copyright<\/h2>\n\n\n\n
What Was The First NFT?<\/h2>\n\n\n\n
Identity<\/h3>\n\n\n\n
Music<\/h3>\n\n\n\n
Domain Names<\/h3>\n\n\n\n
What Is The Point Of NFTs?<\/h2>\n\n\n\n
Are NFTs Safe?<\/h2>\n\n\n\n
NFTs And Copyright<\/h2>\n\n\n\n
What Was The First NFT?<\/h2>\n\n\n\n
Identity<\/h3>\n\n\n\n
Music<\/h3>\n\n\n\n
Domain Names<\/h3>\n\n\n\n
What Is The Point Of NFTs?<\/h2>\n\n\n\n
Are NFTs Safe?<\/h2>\n\n\n\n
NFTs And Copyright<\/h2>\n\n\n\n
What Was The First NFT?<\/h2>\n\n\n\n
Games<\/h3>\n\n\n\n
Identity<\/h3>\n\n\n\n
Music<\/h3>\n\n\n\n
Domain Names<\/h3>\n\n\n\n
What Is The Point Of NFTs?<\/h2>\n\n\n\n
Are NFTs Safe?<\/h2>\n\n\n\n
NFTs And Copyright<\/h2>\n\n\n\n
What Was The First NFT?<\/h2>\n\n\n\n
Games<\/h3>\n\n\n\n
Identity<\/h3>\n\n\n\n
Music<\/h3>\n\n\n\n
Domain Names<\/h3>\n\n\n\n
What Is The Point Of NFTs?<\/h2>\n\n\n\n
Are NFTs Safe?<\/h2>\n\n\n\n
NFTs And Copyright<\/h2>\n\n\n\n
What Was The First NFT?<\/h2>\n\n\n\n
Games<\/h3>\n\n\n\n
Identity<\/h3>\n\n\n\n
Music<\/h3>\n\n\n\n
Domain Names<\/h3>\n\n\n\n
What Is The Point Of NFTs?<\/h2>\n\n\n\n
Are NFTs Safe?<\/h2>\n\n\n\n
NFTs And Copyright<\/h2>\n\n\n\n
What Was The First NFT?<\/h2>\n\n\n\n
