This post is a broad overview of the recently emerging âcrypto artâ space, including the use of âNon-Fungible Tokensâ (NFTs) as a digital art distribution mechanism.
In this post, Iâd like to touch on the ERC-721 protocol standard, which is the basis for many âNon-Fungible Tokensâ (NFTs) that we see on Ethereum and other blockchains. This will be a technical post, and Iâll assume youâve already read my previous post on the distributed ledger to better understand the groundwork for some of these ideas.
I often see the question âwhat does a blockchain solve?â Other times, blockchains are presented by critics as solutions in search of a problem, or that the ideas that blockchains aim to solve are simpler to achieve with a typical private database. I think itâs worth analyzing this, to understand the fundamental properties of a blockchain that distinguish it from other solutions.
Iâm thinking of testing out mirror.xyz specifically to write about my findings with blockchain, NFT, cryptocurrency, DeFi, smart contracts, zero-knowledge proofs, and other subjects as I learn about them.