Virtual investments

Published by
Philippine Star

What are NFTs or non-fungible tokens? During the recent 1st Philippine Copyright Summit, Andres Guadamuz of the University of Sussex described tokens as digital representations of a good or service written on a blockchain which can represent anything, be it a character in a game, a work of art, airline tickets, frequent flyer miles, provenance, or coins, and is represented as a smart contract. A blockchain meanwhile, he said, is simply an open, permissionless, cryptographic, and decentralized ledger. And because these ledgers are public and decentralized and since anyone can check past, presen…

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