Mar 1, 2021
Possibility of NFTs for Ideas
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Justin Finkelstein 0:01
Hey, this is Justin, here's some thoughts around NFT's and potential interesting use cases for ideas really inspired by the five ideas a day team and the work that's happening over there, obviously, probably community is a better way to tell us that.
So NFT's basically, a digital asset, can be an image and audio, video, it can be text with me, you know, image of text is typically how it would work and what you did take that item, and you meant it. And that's what makes it into an NFT. So what it does, you know, it puts it on the blockchain. And this is a pretty maybe naive and ignorant explanation puts on the blockchain, there is some fees to withdraw, you know, gas fees to to get that set up.
But now you're creating a contract. So as far as ideas, right, ideas really aren't worth that much. At the beginning, they're just potentials, they're seeds. Now, when you do th…