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goobster  ·  1136 days ago  ·  link  ·    ·  parent  ·  post: The WSJ Presents: NFT for Dummies

Perfection. Thank you.

I've got it at a visceral level, now. The Suzuki and Spotify examples were the ones that really helped me nail it down and wrap my head around specific instances I am very familiar with.

In fact, the Suzuki just got passed on to its new owner last week. Friend of mine who is going to take the large basket of parts I gave him, and make it a motorcycle again. Hopefully just about the time I get the title sorted. :)

Moving Forward...

So I am a musician. I've written some songs. They are on SoundCloud right now. How do I attach an NFT to my song, "Monsieur Bon", so when it gets picked up and becomes the fave song of French bistros across the world, I get to retire a nickel at a time?

It would seem to me that a single blockchain could be established that was "goobster's music" and any time I write a new song I could add it to that chain. But for that to be "real" that blockchain needs to be hosted in many places, by people who neither know me, or are motivated to help me out.

And... what physically happens to my song "Monsieur Bon"? Is there a steganographic encoding of its serial number/blockchain in the audio file itself? A metadata field?

Assuming YouTube wanted to do the right thing and flag copyright infringement when someone downloads my song and uses it for their YouTube channel's theme song... what is YouTube looking for, and at, to confirm ownership of that track? (And honestly, I think they WOULD want to do this, because it is impossible/trivial/flexible and much easier than paying a bunch of people to listen to and manually flag tracks.)