What they have been and what they are becoming -Breaking
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The truth about NFTs: How they work and how they can be improvedThere’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 was co-founded with him. ConsenSys Mesh is his company. TreeTrunk was the first company to use the EIP4910 NFT smart contracts. This allows for the distribution of royalties and protection of digital originals using zero-knowledge cryptography. Wolpert serves also as the co-chair of Baseline Protocol, a standards body that uses blockchain technology and zero-knowledge cryptography to enhance information security in IT workflows.
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