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Investments and collateral Maximising earnings for creators The biggest use of NFTs today is in the digital content realm. That's because that industry today is broken.

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Content creators see their profits and earning potential swallowed by platforms. An artist publishing work on a social network makes money for the platform who sell ads to the artists followers.

They get exposure in return, but exposure doesn't pay the bills. NFTs power a new creator economy where creators don't hand ownership of their content over to the platforms they use to publicise it.

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Ownership is baked into the content itself. When they sell their content, funds go directly to them.

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If the new owner then sells the NFT, the original creator can even automatically bitcoin cash domain royalties. This is guaranteed every time it's sold because the creator's address is part of the token's metadata — metadata which can't be modified.

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Well, yes. But does googling an image of Picasso's Guernica make you the proud new owner of a multi-million dollar piece of art history? Ultimately owning the real thing is as valuable as the market makes it. The more a piece of content is screen-grabbed, shared, and generally used the more value it gains. Owning the verifiably real thing will always have more value than not.

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Boosting gaming potential NFTs have seen a lot of interest from game developers. NFTs can provide records of ownership for in-game items, fuel in-game economies, and bring a host of benefits to the players.

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In a lot of regular games you can buy items for you to use in your game. But if that item was an NFT you could recoup your money by selling it on when you're done with the game. You might even make a profit if that item becomes more desirable. For game developers — as issuers of the NFT — they could earn a royalty every time an item is re-sold in the open marketplace. This creates a more mutually-beneficial business model where both players and developers earn from the secondary NFT market.

This also means that if a game is no longer maintained by the developers, the items you've collected remain yours.

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Ultimately the items you grind for in-game can outlive the games themselves. Even if a game bitcoin cash domain no longer maintained, your items will always be under your control. This means in-game items become digital memorabilia and have a value outside of the game. Decentraland, a virtual reality game, even lets you buy NFTs representing virtual parcels of land that you can use as you see fit. Check out Ethereum games, powered by NFTs This means you could ask someone to send you ETH via mywallet.

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This works in a similar way to a website domain name which makes an IP address more memorable. And like domains, ENS names have value, usually based on length and relevance.

With ENS you don't need a domain registry to facilitate the transfer of ownership. Your ENS name can: Point to a decentralized website, like ethereum.

More on decentralizing your website Store any arbitrary information, including profile information like email addresses and Twitter handles. Physical items The tokenisation of physical items isn't yet as developed as their digital counterparts.

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But there are plenty of projects exploring the bitcoin hackathon of real estate, one-of-a-kind fashion items, and more. As things become increasingly high-tech, it's not hard to imagine a world where your Ethereum wallet becomes the key to your car or home — your door being unlocked by the cryptographic proof of ownership. With valuable assets like cars and property representable on Ethereum, you can use NFTs as collateral in decentralized loans.

This is particularly helpful if you're not cash or crypto-rich but own physical items of value. This guarantees that the lender gets paid back — if the borrower doesn't pay back the DAI, the collateral is sent to the lender. However not everyone has enough crypto to use as collateral.

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Projects are beginning to explore using NFTs as collateral instead. By putting this up as collateral, you can access a loan with the same rule set.

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This could eventually work with anything you tokenise as an NFT. This gives investors and fans the opportunity to own a part of an NFT without having to buy the whole thing. This adds even more opportunities for NFT minters and collectors alike.

That means more buyers and sellers. An NFT's overall price can be defined by the price of its fractions. You have more of an opportunity to own and profit from items you care about. It's harder bitcoin cash domain be priced out of owning NFTs.

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This is still experimental but you can learn more about fractional NFT ownership at the following exchanges: NFTX In theory, this would unlock the possibility to do things like own a piece of a Picasso.

You would become a shareholder in a Picasso NFT, meaning you would have a say in things like revenue sharing. It's very likely that one day soon owning a fraction of an NFT will enter you into a decentralised autonomous organisation DAO for managing that asset. These are Ethereum-powered organisations that allow strangers, like global shareholders of an asset, to coordinate securely without necessarily having to trust the other people.

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That's because not a single penny can be spent without group approval. As we mentioned, this is an emerging space.

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But all their infrastructure exists and can work together easily bitcoin cash domain they all speak the same language: Ethereum. So watch this space.