Too Long; Didn't Read
The term non-fungible tokens have become inextricably tied to an image of an ape, a grainy avatar, or some scheme where victims lost sizeable amounts of money. NFTs aren’t inherently tied to images only. Instead, an NFT simply ties terms of ownership to an asset. Purchasing the NFT does not necessarily mean you have full ownership of the intellectual property. An NFT defined under a smart contract (more on smart contracts in a future post) could help define terms of ownership for music, digital apparel, podcast episodes, and more.