Well, let me start by saying “hedging” might not actually be the right term to use for this concept, but until I come up with a better term I will use it.
We all know that physical and material things depreciate over time.
Whether it’s because of the second law of thermodynamics, or just a function of passing time: your car slowly breaks down , your body gets older everyday — there’s just no way around it.
(For the sake of argument, some physical items do follow a “bell curve “, meaning they grow for a period of time and…
THIS ARTICLE IS ADDRESSED TO ARTISTS AND THEIR MANAGERS
Most artists have suffered from a decline in their revenue streams during COVID 19 Pandemic, when live shows were cancelled and art gallerias closed their doors. However some artists managed to leverage a new revenue stream in the form of NFT, more commonly known as ‘Nifties’ or Crypto-Art.
For those unfamiliar with non-fungible tokens or NFT, they are essentially digital items one can collect. The concept is similar to earning a new weapon in a video game or a skin for your in-game character. …
Following my interest in blockchain technology from its early beginnings, I have recently become involved in the NFT (Non-Fungible-Token) space and it’s claims to revolutionize the ownership of digital and ultimately physical rare items.
To understand what I mean by this article’s title, we have to break it down into two first-principle concepts: Crypto and Art Collective.
Crypto (as in Cryptocurrencies or Cryptotokens), aims to represent an asset or specific use and reside it on a blockchain. …
I live in the future sometimes