The smart contracts that underpin NFTs mean that, unlike traditional art auctions, the original creators can ensure they take a cut of any future sales too. Most of the OG meme NFTs are being auctioned via Foundation, which gives a standard ten per cent share of any future sales to the person who minted the original NFT.
Some experts believe blockchain technology (a type of digital ledger technology, or DLT) could help tackle climate change, rather than contribute to it.
To understand how and why, you need to get your head around how blockchain works.
Put (very) simply, it is a database of transactions and rules, but instead of it being held in one central location, it is replicated on a “distributed network” of member computers.
In Manhattan, NYC Mesh put a large antenna on top of a building connected directly to the internet through fiber optic cable. This “supernode,” supported by a network of point-to-point routers that volunteers install on rooftops and windows in the area, provides a fast connection for users in most of downtown. A second supernode is in place in the Brooklyn neighborhood of Bushwick, and two more are planned.