Adam Morrisette and Justin Soderberg are back for another hostful episode of The Maine State of Mind. This time around, the co-hosts discuss the crazy world of crypto currency, NFT and other digital collectibles.
The world of crypto, such as Bitcoin, has gone insane over the past two years and isn’t going anywhere. New additions of crypto currency have been popping up every few months and could be the future of how we spend money.
On top of the world of Bitcoin and etc, the craziness of other digital assets such as NFT (Non-fungible token) have taken off as well. Adam and Justin discuss what collectible items you can now own digitally, why you’d want them and what the future entails for digital collectibles.
Check out more digital collectibles on VeVe today!
Check out last week’s episode with Abe Furth of Orono Brewing Company.
What is NFT?
A non-fungible token (NFT) is a unit of data stored on a digital ledger, called a blockchain, that certifies a digital asset to be unique and therefore not interchangeable. NFTs can be used to represent items such as photos, videos, audio, and other types of digital files. Access to any copy of the original file, however, is not restricted to the buyer of the NFT. While copies of these digital items are available for anyone to obtain, NFTs are tracked on blockchains to provide the owner with a proof of ownership that is separate from copyright.