Author: C. B. Wright

“I think I get it now. I think I finally see!”

“You can set the terms of your smart contract so you not only get paid for the initial sale of an NFT, but also every time it’s resold.”

“We still need to talk about smart contracts.”

“So NFTs — at least, the kind everyone is talking about — are basically pointers in the Etherium blockchain that identify specific instances of web graphics?

“Tell me more about these ‘fake’ NFTs.”

“They’re a way to create artificial scarcity out of digital files.”

“So if your entirely logical and fairly reasonable explanation of NFTs isn’t actually the way NFTs are being used, how are they actually being used?”

“If you’re done being clueless about the cost of housing, let’s return to my example.”

“So: NFTs!”