Article: A cure for copyright ills? NFTs promise to empower creative economies

Crypto

A cure for copyright ills? NFTs promise to empower creative economies

NFTs’ main value proposition is that by creating a unique, blockchain-backed record of each unit of creative work, they can not just encode the sense of its authenticity and scarcity but also enable artists to lay down and enforce the rules around copyright transfer, usage and monetization. G-J van Rooyen, co-founder of blockchain content protection firm Custos Media Technologies, commented to Cointelegraph:

“First, NFTs allow us to securely trace the transfer of rights — in the same way as a Bitcoin payment securely traces the transfer of funds. Second, NFTs can provide perpetual support to creators. For example, an NFT could specify that creators should be rewarded each time an asset is resold at a higher value.”

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Article: History Can Teach Us What’s Next for DeFi

Blockchain, Decentralized Internet

History Can Teach Us What’s Next for DeFi

All of this has echos of Bitcoin’s rise to the mainstream. From obscure platforms used by a tiny minority to an explosion in popularity, following by increasing interest from first-movers willing to take a chance. If the cycle holds firm, the next wave will be inflow from firms outside of the cryptocurrency space. This will be followed by a full-on integration of DeFi into existing financial infrastructure, similar to what’s currently happening with Bitcoin. History often repeats itself, and if that happens with DeFi, then there’s never been a better time to get in on the ground.

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