NFTs for Business: A Practical Guide to Harnessing Digital Assets

© The Author(s), under exclusive license to APress Media, LLC, part of Springer Nature 2023

A. Bouzid et al.NFTs for Businesshttps://doi.org/10.1007/978-1-4842-9777-3_1

1. Problems Solved by NFTs

Ahmed Bouzid¹  , Paolo Narciso² and Steve Wood³

(1)

McLean, VA, USA

(2)

Seabrook Island, SC, USA

(3)

Cincinnati, OH, USA

 

Non-fungible tokens (NFTs) are digital assets that can come in the form of art, music, in-game items, videos, and more and seem to be everywhere these days. From art and music to tacos and toilet paper, these digital assets are selling like 17th-century exotic Dutch tulips – some for millions of dollars.

So, when you create something new, you should be rewarded for the effort in proportion to the value that you have created. For that to happen, ...