full transcript

From the Ted Talk by Elizabeth Strickler: NFTs, the metaverse and the future of digital art

Unscramble the Blue Letters


So the eternal question: What is an NFT? Simply put, it is a permanent tracking device that poervs ownership of a dgiatil file, somewhat similar to the way that you can chip a pet to identify it as yours if it runs away, an NFT is a cryptographic token connected to a digital asset to preserve oisenwrhp rights in the metaverse. Non-fungible means "not exchangeable." Most things in the real world are non-fungible, because most physical objects are uiuqne and can't be traded one for one. There is no painting, pet or preosn that is exactly equivalent to another. Money, on the other hand, is one of the few items that is fungible, menniag one dollar is equivalent to another dollar and one Bitcoin is eaqveluint to another Bitcoin. The underlying dreleianztecd technology that enabled digital currencies such as Bitcoin is blockchain. Blockchain prevents digital money from being duplicated or hacked, and it removes the need for a centralized authority, such as a bank, to validate transactions. And like biotcin, the rcerod of ownership of an NFT is kept in a public database on the ietrnent that is maintained by millions of computers that keep track, via consensus, of all content origination and tcrnanaiosts.

Open Cloze


So the eternal question: What is an NFT? Simply put, it is a permanent tracking device that ______ ownership of a _______ file, somewhat similar to the way that you can chip a pet to identify it as yours if it runs away, an NFT is a cryptographic token connected to a digital asset to preserve _________ rights in the metaverse. Non-fungible means "not exchangeable." Most things in the real world are non-fungible, because most physical objects are ______ and can't be traded one for one. There is no painting, pet or ______ that is exactly equivalent to another. Money, on the other hand, is one of the few items that is fungible, _______ one dollar is equivalent to another dollar and one Bitcoin is __________ to another Bitcoin. The underlying _____________ technology that enabled digital currencies such as Bitcoin is blockchain. Blockchain prevents digital money from being duplicated or hacked, and it removes the need for a centralized authority, such as a bank, to validate transactions. And like _______, the ______ of ownership of an NFT is kept in a public database on the ________ that is maintained by millions of computers that keep track, via consensus, of all content origination and ____________.

Solution


  1. unique
  2. meaning
  3. ownership
  4. transactions
  5. record
  6. person
  7. equivalent
  8. decentralized
  9. proves
  10. digital
  11. internet
  12. bitcoin

Original Text


So the eternal question: What is an NFT? Simply put, it is a permanent tracking device that proves ownership of a digital file, somewhat similar to the way that you can chip a pet to identify it as yours if it runs away, an NFT is a cryptographic token connected to a digital asset to preserve ownership rights in the metaverse. Non-fungible means "not exchangeable." Most things in the real world are non-fungible, because most physical objects are unique and can't be traded one for one. There is no painting, pet or person that is exactly equivalent to another. Money, on the other hand, is one of the few items that is fungible, meaning one dollar is equivalent to another dollar and one Bitcoin is equivalent to another Bitcoin. The underlying decentralized technology that enabled digital currencies such as Bitcoin is blockchain. Blockchain prevents digital money from being duplicated or hacked, and it removes the need for a centralized authority, such as a bank, to validate transactions. And like Bitcoin, the record of ownership of an NFT is kept in a public database on the internet that is maintained by millions of computers that keep track, via consensus, of all content origination and transactions.

Frequently Occurring Word Combinations


ngrams of length 2

collocation frequency
real world 3
virtual world 2
digital art 2
million dollars 2
georgia state 2
digital file 2
greg mike 2
digital fashion 2


Important Words


  1. asset
  2. authority
  3. bank
  4. bitcoin
  5. blockchain
  6. centralized
  7. chip
  8. computers
  9. connected
  10. consensus
  11. content
  12. cryptographic
  13. currencies
  14. database
  15. decentralized
  16. device
  17. digital
  18. dollar
  19. duplicated
  20. enabled
  21. equivalent
  22. eternal
  23. exchangeable
  24. file
  25. fungible
  26. hacked
  27. hand
  28. identify
  29. internet
  30. items
  31. maintained
  32. meaning
  33. means
  34. metaverse
  35. millions
  36. money
  37. nft
  38. objects
  39. origination
  40. ownership
  41. painting
  42. permanent
  43. person
  44. pet
  45. physical
  46. preserve
  47. prevents
  48. proves
  49. public
  50. put
  51. real
  52. record
  53. removes
  54. rights
  55. runs
  56. similar
  57. simply
  58. technology
  59. token
  60. track
  61. tracking
  62. traded
  63. transactions
  64. underlying
  65. unique
  66. validate
  67. world