{"id":114963,"date":"2021-06-26T10:45:36","date_gmt":"2021-06-26T05:15:36","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=114963"},"modified":"2021-07-01T11:44:21","modified_gmt":"2021-07-01T06:14:21","slug":"similarities-between-non-fungible-tokens-and-worldwide-web","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/similarities-between-non-fungible-tokens-and-worldwide-web\/","title":{"rendered":"Similarities Between Non-fungible tokens and worldwide web"},"content":{"rendered":"\n<p><b><span data-contrast=\"none\">Synopsis:\u00a0<\/span><\/b><span data-contrast=\"none\">Tim Berners-Lee,\u00a0the\u00a0inventor of the World Wide\u00a0Web\u00a0(WWW), compared the idea behind WWW to that of\u00a0blockchain-based\u00a0NFTs (Non-fungible tokens).<\/span><span data-ccp-props=\"{&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<h5><b><span data-contrast=\"none\">What are\u00a0Non-fungible\u00a0tokens?<\/span><\/b><span data-ccp-props=\"{&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/h5>\n<p><span data-contrast=\"none\">Non-fungible tokens are built on\u00a0blockchain\u00a0technology, which is aimed toward decentralising power, which is what the Web was supposed to do before Big Tech empires developed.<\/span><span data-ccp-props=\"{&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">NFTs\u00a0are &#8220;one-of-a-kind&#8221; assets in the digital world.\u00a0These digital tokens can be thought of as certificates of ownership for virtual or physical assets.\u00a0<\/span><span data-ccp-props=\"{&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<h5><b><span data-contrast=\"none\">How the NFTs and original idea of web is the same?<\/span><\/b><span data-ccp-props=\"{&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/h5>\n<ul>\n<li data-leveltext=\"\uf0a7\" data-font=\"Wingdings\" data-listid=\"60\" aria-setsize=\"-1\" data-aria-posinset=\"5\" data-aria-level=\"1\"><b><span data-contrast=\"none\">Firstly, the Web was created with the intention of serving as a democratizer and equaliser<\/span><\/b><span data-contrast=\"none\">,\u00a0for\u00a0empowering\u00a0all\u00a0while eliminating monopolies and intermediaries. The\u00a0Web solved\u00a0<\/span><b><span data-contrast=\"none\">three issues:<\/span><\/b><span data-contrast=\"none\">\u00a0an information problem with search and wikis, a communication problem with email and instant messaging, and a distribution problem with file-sharing and e-commerce.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"o\" data-font=\"Courier New\" data-listid=\"60\" aria-setsize=\"-1\" data-aria-posinset=\"28\" data-aria-level=\"2\"><b><span data-contrast=\"none\">However,\u00a0it could not address the two big problems:\u00a0<\/span><\/b><span data-contrast=\"none\">one of trust and security, and another of disintermediation.\u00a0The intermediaries\u00a0today,\u00a0own most of our online data and information.\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"\uf0a7\" data-font=\"Wingdings\" data-listid=\"60\" aria-setsize=\"-1\" data-aria-posinset=\"6\" data-aria-level=\"1\"><b><span data-contrast=\"none\">Secondly,\u00a0blockchain\u00a0is supposed to solve problems\u00a0of trust and of inequality\u00a0<\/span><\/b><span data-contrast=\"none\">and\u00a0thus\u00a0bring us closer to the original vision of Time Berners-Lee and his co-conspirators.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0a7\" data-font=\"Wingdings\" data-listid=\"60\" aria-setsize=\"-1\" data-aria-posinset=\"7\" data-aria-level=\"1\"><b><span data-contrast=\"none\">Thirdly, there are\u00a0similarities in\u00a0the\u00a0original vision for the web<\/span><\/b><span data-contrast=\"none\">\u00a0<\/span><b><span data-contrast=\"none\">and the philosophy behind the decentralized network of\u00a0Ethereum\u2019s\u00a0blockchain,<\/span><\/b><span data-contrast=\"none\">\u00a0which\u00a0supports\u00a0most NFTs.\u202f<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0a7\" data-font=\"Wingdings\" data-listid=\"60\" aria-setsize=\"-1\" data-aria-posinset=\"8\" data-aria-level=\"1\"><b><span data-contrast=\"none\">Fourthly, a\u00a0latest project, Solid is designed to give us back\u00a0control of our personal data.<\/span><\/b><span data-contrast=\"none\">\u00a0The\u00a0blockchain\u00a0and Solid communities share the motivations of wanting to empower people.\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0a7\" data-font=\"Wingdings\" data-listid=\"60\" aria-setsize=\"-1\" data-aria-posinset=\"9\" data-aria-level=\"1\"><b><span data-contrast=\"none\">Lastly,\u00a0blockchain\u00a0projects were motivated by resistance to central control.<\/span><\/b><span data-contrast=\"none\">\u00a0Much like the open, democratic and decentralized origins of the Web.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><b><span data-contrast=\"none\">Source:\u00a0<\/span><\/b><a href=\"https:\/\/epaper.livemint.com\/Home\/ShareArticle?OrgId=256306cec39&amp;imageview=0\"><b><span data-contrast=\"none\">Click here<\/span><\/b><\/a><span data-ccp-props=\"{&quot;335559739&quot;:200,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Synopsis:\u00a0Tim Berners-Lee,\u00a0the\u00a0inventor of the World Wide\u00a0Web\u00a0(WWW), compared the idea behind WWW to that of\u00a0blockchain-based\u00a0NFTs (Non-fungible tokens).\u00a0 What are\u00a0Non-fungible\u00a0tokens?\u00a0 Non-fungible tokens are built on\u00a0blockchain\u00a0technology, which is aimed toward decentralising power, which is what the Web was supposed to do before Big Tech empires developed.\u00a0 NFTs\u00a0are &#8220;one-of-a-kind&#8221; assets in the digital world.\u00a0These digital tokens can be thought&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/similarities-between-non-fungible-tokens-and-worldwide-web\/\">Continue reading <span class=\"screen-reader-text\">Similarities Between Non-fungible tokens and worldwide web<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[8043,1566,1738,9],"tags":[],"class_list":["post-114963","post","type-post","status-publish","format-standard","hentry","category-current-affairs-cat","category-daily-factly-articles","category-science-and-technology-daily-factly-articles","category-public","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704863940},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/114963","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=114963"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/114963\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=114963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=114963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=114963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}