NFTs are a technological ____. They ____ us the opportunity to break away from that ____ system. So you're asking ____: What is an NFT? It's a ____ of ownership registered on the ____ for everyone to see. It's not too ____ to the deed you get when you buy a house in the physical world. But instead of a house, an NFT denotes ____ of a file on the internet. And ____ copyright or watermarks, which are ____ technologies , NFTs are internet ____. They are ____ of the internet for the internet. And NFTs don't ____ port our ____ model of ownership from the physical world, they ____ it. Because of NFTs, Chris Torres, Nyan Cat's creator, has received direct ____ for his creation. But what's more is he'll continue to ____ compensation every single time the NFT is resold. This is because of the ____ system baked into the smart contracts that govern NFTs. NFTs are software; they can be ____. And with something as ____ as royalties, which ____ enormous amounts of legal and manual ____ to implement in our analog world, we can now express them in a few simple ____ of code. The internet ____ our geographic boundaries. NFTs dissolve economic ____. The money is paid out ____. No customs, no foreign exchange, no international wire transfers. For example, an artist collective ____ out of Addis Ababa has the same economic ____ at their disposal now as an artist in LA, New York or London. So what does the internet of the future ____ ____ with NFTs as its building blocks? An internet where economic control ____ in the hands of creators, not ____. An internet where our ideas and creativity can be directly ____. An internet where information can be ____, but where we ____ paid for the work we do with our ____.

NFT TED 2nd part

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