Bitcoin Creates Digital Ownership For The First Time
Digital property rights bring the connection between the internet and the economy into modernity.Bitcoin Sovereignty: Part OneSo, you have taken the orange pill and are now going down the Bitcoin rabbit hole. You may be wondering what’s at the bottom? What is the core innovation of Bitcoin, from which all of wonderland is created? The answer may surprise you.Along your Bitcoin adventure, you will meet many fascinating characters. They will tell you Bitcoin is many things: digital gold, a store of value, digital scarcity, peer-to-peer cash, proof of work. But at the bottom of the rabbit....
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Bitcoin’s enforceable signature verification creates new possibilities for seamlessly and privately expressing ownership of bitcoin to another counterparty.
"The creators of the Internet are getting a raw deal." So says Trent McConaghy, CTO for Ascribe, a startup that is using the bitcoin blockchain to timestamp intellectual property and create a sustainable ownership structure for artwork and other digital media. In a new interview with CoinDesk, McConaghy, co-author of a recently published white paper "Towards An Ownership Layer For The Internet", explained how his startup is aiming to provide a foundational layer for artists and other independent creators to establish ownership over their works on a decentralized database - the bitcoin....
Bitcoin derives its monetary value from the fact that it is a new type of property that is independent and autonomous, amoral and apolitical.
Yat Siu thinks it's only a matter of time until more advanced models of NFT gaming are created, designed around the ideas of digital ownership, interoperability and economic utility. Animoca Brands co-founder Yat Siu believes nonfungible token (NFT) games are only scratching the surface of what's possible and predicts completely new models of gaming will be developed as a result of digital ownership.Speaking to Cointelegraph, Siu likened the potential growth of NFT gaming to mobile phone gaming, which started out relatively niche and clunky in its formative stages before rocketing to....
Web3 technologies are changing the way we engage with various forms of entertainment and ownership is at the heart of it. Web3 is uprooting traditional entertainment industries with a new way of creating and engaging with digital content.The industry has already seen nonfungible tokens (NFTs) display the potential to transform how television scheduled programming can be created. Increased metaverse activity began challenging artists with new possibilities for performances and connectivity with their fans. All the use cases of Web3 technology upgrading the future of digital entertainment....