let’s talk NFT’s

Non-fungible tokens, or NFTs, are pieces of digital content linked to the blockchain, the digital database underpinning cryptocurrencies such as bitcoin and ethereum. Unlike NFTs, those assets are fungible, meaning they can be replaced or exchanged with another identical one of the same value, much like a dollar bill.

NFTs, on the other hand, are unique and not mutually interchangeable, which means no two NFTs are the same – just like your footage.

Think of Pokémon cards, rare coins or a limited-edition pair of Jordans: NFTs create scarcity among otherwise infinitely available assets — and there’s even a certificate of authenticity to prove it. NFTs are typically used to buy and sell digital artwork and can take the form of GIFs, tweets, virtual trading cards, images of physical objects, video game skins, virtual real estate and more.

simple diagram

Playcasta has taken all the legwork away and created a simple platform that just works.
By attaching a nft token to your footage, you can get paid.

less simple diagram

 NFT’s are a token with unique properties that allow you to create digitally unique assets.
This simple concept enables digital scarcity for unique and traceable items. Scarcity in this context means a limited (and controllable) supply. There could be one NFT created, or 100, but each of them would have a unique ID.
This enables you to receive payment when your footage is used.