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Wine and NFT: How it turned out?
Do you remember The Bored Apes, just 3 years ago? Let me summarize, beginning by explaining what NFTs are.
The acronym stands for Not Fungible Tokens, or rather, objects that cannot be exchanged with each other. For example, a bag of identical screws is composed of Fungible Tokens, since one screw is worth the other. Two apartments of the same square footage and layout, on the other hand, even if they had the same value could not be exchanged for each other, because at the very least they are in two different places, on two different floors of a building, in two different columns of the same landing, and so on. Two glasses of water cannot be the same, and in short, you never bathe in the same water. So, they are Not Fungible Tokens. Now, imagine taking a picture and putting it on a social, on a website, in short somewhere where it can be shared by everybody. So anyone can copy that photo and say they took it, basically stealing it from you. Of course, there is metadata, that is, file information, that makes these two photos, even though they are the same image, two different digital files.
You are buying a jpg
Here it is, then, that the original photo is an NFT, that is, an object that cannot be exchanged for another. Now, if we put this photo into a blockchain, and then we basically put a digital, encrypted signature on…