Money for Everything: A Future Where Every Inch of Culture Is Monetized

Money for Everything: A Future Where Every Inch of Culture Is Monetized
One of the things cryptocurrencies do extremely well – for better or worse – is ascribe monetary value to things we didn’t previously understand as being “worth money.”NFTs (non-fungible tokens), it’s often said, are a way of assigning property rights to media files. Before NFTs, if you downloaded an album as a set of MP3s and sent them to a friend, your friend would have the exact same copy of the album. Not so in the NFT era, where there’s only one real copy of the album: the token, verified on a blockchain. The music would still be available to…