A section of an NFT's history includes every contract used to create the NFT. Anyone can check for details about the NFT, as every NFT has an owner, creator, history, or provenance, and when it was minted and released to the public. If an NFT is bought or sold, it's recorded on the blockchain. "What you're doing is you're burning that image onto something immutable, which is the blockchain." "We would put that image on the ethereum blockchain," Gebran explained.
The photographer can turn that photo into an NFT.
Turning those digital assets into an NFT means declaring ownership on a blockchain.įor example, a nature photographer in Arizona takes a stunning digital photograph of a marijuana flower. But, more importantly, NFTs are proprietary rights of a digital asset. An NFT can be a digital photo, video, music, video-game character, or an in-video game item. Think of blockchain as a digital ledger of cryptocurrencies, such as bitcoin and ethereum, and their transactions are stored on computers across the world. Web3 is a new stage of the internet that's driven by blockchain. It's inevitable that it will creep into the industry."īut wait, what's a blockchain? How about an NFT? Let's sort that out first. "I believe that NFTs will play a major part in the marijuana culture because a lot of NFTs are now dropping music behind it," Gebran told Phoenix New Times. "And when you drop that music behind the image of the cannabis, people want to look at it it's in the background. Egg with his family, is building a cannabis community within his real-world NFT social venue Club Fomo east of downtown Phoenix. Zack Maita's Mary Jane SmokeWear, a Best of Phoenix 2022 award winner, is bringing NFTs to his weed-centric clothing line. George Gebran, who owns and operates breakfast joint U.S. Two Scottsdale residents - one with a weed-friendly club in downtown Phoenix and another with a pot-focused clothing line - are mixing cannabis with blockchain to grow their businesses.
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