Episode from the podcastinaminute

# what on earth is an NFT?

Released Sunday, 28th March 2021
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Imagine you’re super famous; like won an Oscar famous or like drinking a protein shake in a bikini in Tulum famous or like sex tape famous. Let’s say you make a sex tape and mint it as an NFT; a Non-Fungible-Token, a digital asset. Meaning, it’s hashed sitting on a blockchain as a time stamped verified original, ‘a one of a kind copy’. Based upon the Ethereum smart contract platform in the NFT marketplace you can math-in as the creator of that token that you receive 10% of sales each time that NFT is re-sold. IE; you sell it for a million bucks, next person sells it for two million, you get 10%, perpetually, you get paid. Now...having to pay to jerk off to a celebrity sex video seems to be a truer version of capitalism, doesn’t it? And getting paid for it accordingly seems fair…Humiliation digitally personified memorabilia straight into your crypto wallet. #Redefining Time, Money and Value.
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