Meanwhile, most of the start-ups and platforms used to sell NFTs today are no more innovative than any random website selling posters. Many of the works being sold as NFTs aren’t digital artworks at all; they’re just digital pictures of works created in conventional media.
We didn’t patent the basic idea, but for a few years McCoy tried to popularize it, with limited success. Our first demo might just have been ahead of its time. The system of verifiably unique digital artworks that we demonstrated that day in 2014 is now making headlines in the form of non-fungible tokens, or NFTs, and it’s the basis of a billion-dollar market.
Anil Dash, The Atlantic,
Read the full article here at The Atlantic.
In contrast to NFTs, dadacoin provides a fungible token
with far more utilities (and finer art).