Sandra AbramsFounder, Onboard60 · Founder Onboard60s

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Name: #web3 #nft #nftcommunity #blockchain Learn with me #Onboard60 # Web3Studyor on Geneva .
Uploaded: 2022-12-06T14:29:29+00:00
Duration: 29 s
Channel: Sandra Abrams
Description: Speaker Sandra Abrams offers an informal, introductory definition of non-fungible tokens (NFTs), describing an NFT as a software contract where one can…

6 Dec 2022 · 0 min

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Speaker Sandra Abrams offers an informal, introductory definition of non-fungible tokens (NFTs), describing an NFT as a software contract where one can encode ownership and terms (analogized to a mortgage contract). She lists possible forms (reservations, event tickets) and notes that NFTs can include perks/benefits often called utilities.

Non fungible tokens. What is that? I think a non fungible token is just a contract, a software program. You know, like one that you write, like your mortgage. You put everything into your contract when you buy a house. So you write everything you want on your contract for your non fungible token. And they can be anything. A reservation at a restaurant, a ticket to a sporting event even. And there are perks. They call them benefits or utilities.