Do NFTs Have A Enterprise Case Exterior Of Artwork Assortment?
The major collector companies Funko and Topps are making noise in the NFT market when they announced that they are entering the market. Does it make sense for companies like this to enter the market and what technology is driving this emerging market?
B2B voice Daniel Litwin spoke to Gary Peter Nuttall, aspiring technology advisor and founder of Distlytics, and Nick Emmons, CEO of Upshot, about the NFT world on Marketscale TV.
The trio looked at the technology behind NFTs, which is part of the Ethereum blockchain. NFTs, or non-fungible tokens, add unique information to individual tokens.
“NFTs have been studied since 2017,” said Emmons. His company Upshot is a question-and-answer protocol based on the Ethereum blockchain that uses peer prediction to get more accurate answers to important questions.
The Etherum blockchain recently launched structural changes that excited investors like Mark Cuban, even though the market has recently plummeted. But crypto miners are not very lucky. The changes will burn or destroy Aether Coins above their auction system to facilitate the supply of coins. Miners act as intermediaries between users of what hurts them. They therefore talked about a strike to take control of the blockchain.
There are many possible changes to the Etherum protocol, ”said Nuttal. “Ultimately, it will lead to a better platform.” His company offers training, advisory and advisory services on all aspects of blockchain and distributed ledger technology.
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