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@bascule ("Tony "Abolish ICE" Arcieri 🦀🌹") wrote:

“NFT” is a really bad term for what’s more generally termed an “entitlement” or authorization record in traditional digital media systems.

What’s missing from something like the OpenSea “buy a jpg URL” model is using an encryption key as part of the authorization decision…

with quote tweet:

@mikeshinoda ("Mike Shinoda") wrote:

Ah! So here’s something people aren’t explaining: NFTs don’t have to be jpgs.

Imagine taking your favorite skin from Valorant, and using it Fortnite. And not paying extra, because you own it. Then using it in CoD, Minecraft, even Twitter, IG.

So many possibilities, no? https://twitter.com/freshpogs/status/1479863621786210315