A Primer and the Possibilities of BitClout....
July 16, 2021 20:00 ET
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BitClout
BitClout
Dubai, UNITED ARAB EMIRATES
Marina del Rey, CA, July 16, 2021 (GLOBE NEWSWIRE) -- Stories about BitClout have been making the rounds on new sites and have sparked lively conversations across social media. Before we dive into what BitClout is, it’s worth taking the time to understand another trending technology -- NFTs. Unlike in the real physical world, digital objects are not unique. In other words, the ones and zeroes can be copied perfectly as many times as you want.
NFTs, or non-fungible tokens, allow for the creation of limited run or one-of-a-kind unique digital objects. This is important because for the first time value can be assigned to digital objects. The explosion in the popularity of NFTs hints at the pent up demand for such an innovation. NFTs have been used to tie value to digital objects such as digital trading cards, art, or even music albums. BitClout is a related technology with a more ambitious goal, using its tokens to tie value directly to people.