WTF is NFT?

NFT is a shorthand for “Non fungible token.” Fungibility is what enables currencies to be transacted with ease. I can give you $3 and you accept it in exchange for a cup of coffee. This example shows how dollars are fungible. Fungibility is a central characteristic of a currency. And, many things have value that are not currencies.

Unlike currencies, Non-fungible tokens contain unique data that make each NFT non-interchangeable with another NFT. For example, let's look at a house. No two houses are the same: they have different layouts, sizes, exteriors, updates, etc. Even if two homes are identical in build, they sit on different ground. In the same way, no two NFTs are the same, even ones that are in a series because each one is individually and uniquely identified. The non-fungible nature of these unique tokens means they can be used in ways the currencies we’ve come to love cannot be used.

Daniel WeinzvegMarch 29, 2018bitcoin, blockchain, ICO, cryptocurrencyComment

It's Bigger Than Bitcoin

Daniel WeinzvegDecember 5, 2017bitcoin, blockchain, cryptocurrency Comments

Here Comes The Blockchain

Have you read Thomas Friedman’s new book, Thank You For Being Late? It is all about how we can thrive in the age of acceleration; this period of time when change is gaining momentum at ever-increasing light-speed pace. This break-neck evolution of all systems -- globalization, technology, migration, etc. -- is the new normal.

If you think 2017 has been a crazy year, just wait for and see what’s around the corner in 2018. While I am not a futurist, I am an early adopter, and if 1% of the global economy and my intuition are right, we are in for an exciting transition that began in 2007, has been gaining momentum over the past 10 years and in the next decade will be reaching mass adoption.