NFTs can store any data. Currently, they're used for art but more and more crypto projects are deploying them for store different types of data on chain. You ca

NFTs can store any data. Currently, they're used for art but more and more crypto projects are deploying them for store different types of data on chain. You can tokenize anything and track it on chain - music, art, physical goods, real-world bonds. In the simplest form, they can be used to fractionalize ownership. Integrate these ownership records with existing infrastructure and you can suddenly transform ownership and royalties. I'll give you an example. I'm an amateur musician and every pro musician I know has harrowing tales of being shafted by record labels. They have no power to negotiate because they need the money. Most get paid cents on the dollar and record labels keep the bulk of royalties. Imagine a situation where a musician can mint an album as an NFT and put it up for sale. 100 people can buy 1% each of it. This entitles them to 1% of the royalties earned from the album. Since all this data is on-chain, it's easy to verify. Now suppose there's a music platform integrates NFTs. Every time a user plays a song, the platform verifies ownership records from the blockchain and distributes royalties to addresses that own the NFT. Suddenly, you've completely decentralized and democratized ownership. You've bypassed gatekeepers. And you've given the chance to anyone, no matter where they are, to invest in - and get invested by - anyone. How is this not revolutionary?