One of the most interesting things about NFTs is that some, but not all, come with very permissive licensing. What this could mean is that, as a holder, you are free to do whatever you would like with your NFTs, including creating businesses on top of them or using them for other commercial purposes. This is fascinating to me and I like NFT projects that adopt this open approach.

In the past, we have talked about Bored Ape Yacht Club owners creating things like restaurants on top of their NFTs. But here is another more recent example: An NFT from the CyberBrokers collection has just been signed to a Web3 record label called Player Zero. This is the company's first "Animated Virtual Artist", and her inaugural album is available for streaming here, as well as from places like Spotify.

This might sound kind of crazy if you aren't following the crypto space. But is it really? We already have virtual influencers with millions of followers, so why can't we have virtual pop stars being signed to digital record labels?

I don't know what this will ultimately mean for the holder of the above NFT, but imagine a world where the owner automatically receives X% of all the proceeds produced by the virtual artist. Now all of a sudden you have a cash flow stream that can be evaluated using traditional finance methods and an asset that can be valued and traded.

Full disclosure: I own multiple CyberBrokers.

Our week of working remotely in the mountains of Utah has come to an end. Being on mountain time meant early mornings every day. But it also meant being able to enjoy the evenings, including sunsets like the one shown here at the top of Ensign Peak. This was my first time really experiencing the Salt Lake City area in the summer, and I'm grateful for the opportunity. It is a beautiful place, and one that still feels under the radar once you exclude its global draw as a ski and snowboard destination. I also had a great time capturing it on my camera. So I'm excited to share my latest NFT photography collection -- Utah. All of the photos were taken on my Fujifilm X-T3 (35mm) and can be viewed and purchased over here on Foundation.

Click here if you can't see the embedded tweet above.

This is your daily reminder that many/most of the things that are ubiquitous today were once difficult to explain and understand (in the above example it's email and the internet). Once a new idea or technology becomes widely adopted, its inner workings and technical aspects tend to recede into the background.

Most people, for instance, probably aren't familiar with all of the various internet protocols and how they work. Could you explain the difference between TCP and IP and SMTP? If you can't, it doesn't matter. The various protocol layers of the internet now work behind the scenes to power our daily lives. And the innovation that continues to be built on top of them is getting increasingly more user friendly as time goes on.

The same thing will happen with crypto, which is talked about today in much the same way as the above folks are talking about email and the internet. New ideas will continue to emerge and we will all start deriving more and more utility from it (beyond just NFT art). And at that point, most people will stop caring about how all the sausages are made. They'll just like eating them.

P.S. One of the nice things about blogging every day is that I'll be able to look back on this post in ten years and see how right or wrong I was.