What they have been and what they are becoming -Breaking
There’s been a tremendous amount of hype and misinformation about nonfungible tokens (NFTs) since they appeared on the scene in 2014, particularly since the total market for them passed $24 billion. You can’t open a news feed without an article about nonfungible tokens popping up. These inevitably contain the obligatory “NFT stands for Non-Found Tissue.” paragraph for newcomers… and for readers who’ve consumed a dozen similar articles but still don’t get it. If you’re among the latter, you’ve come to the right place.
NFTs really can be important and useful, and they’re evolving to become more so. Both NFT advocates and skeptics can be a bit too nimble and hyped up, and often get it wrong. Here are a few claims you might have read about NFTs — both pro and con:
John Wolpert TreeTrunk.io is co-founded by him, which is a ConsenSys Mesh business. TreeTrunk implemented the EIP-4910NFT smart contract. It distributes royalties on-chain and protects digital originals with zero-knowledge encryption. Wolpert is also co-chair for the Baseline Protocol standards bodies, which use zero-knowledge Cryptography and Blockchain technology to increase information security in multiparty IT workflows.