Ed-vise Episode 159

A rainy GOOD MORNING!!! to you all! Yup…raining. Not fun so no run.

Today’s bit o trivia: Sarah Josepha Hale. For 17 years she lobbied to get Thanksgiving on the calendar for EVERY state and not just the ones in the Northeastern part of ‘Merica. A prim and proper poet who loved to write and take up women’s causes…like cooking for an ungodly number of people at your house on THANKSGIVING! Well, her real, and unknown, claim to fame is she wrote Mary Had a Little Lamb back in 1830.

Anyway…

Monday Musings Ed-vise today. Yup…It’s MONDAY! Time to get after it!!!

I’ve been following markets and cryptocurrencies; NFTs and and “Get Rich Quick” trading advice found on various social media platforms. I found NFTs to be really crazy.

NFT stands for Non-Fungible Token. Fungible meaning replaceable. So, Non-Fungible means Non-replaceable. They didn’t call it NRT because that acronym was already taken on several other entities.

Being that something is Non-replaceable (fungible) means the value of that item increases depending on the need for it. Or the desire for it. For instance, a Van Gogh artwork. People pay lots of money for original pieces of his work. There is usually only one original.

In the digital world, there are people who have been creating artworks for years. All those emojis and memes; Youtube, instagram, vines, tweets, all of it. Been going on for years. NOW there is a way for those artists to make a bunch of money. They auction this art off. Not the actual art piece but a certificate of ownership or authenticity. Basically the owner sells off the ownership rights of the artwork to another. You can recreate the art but you do not own it.

The auction happens in cryptocurrency and this NFT thing is going to get even bigger due to the celebrity type endorsements of Gary Vaynerchuk and Mark Cuban. Add to it the copywrite and trademark work for lots of attorneys. I’m just saying

That’s it for today. Take care of yourselves. Check in on each other and remember if you’re addicted to drinking brake fluid you can stop any time. Think about it.

Peace

Published by edhlaw

Son, husband, father, uncle, nephew, cousin

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