New platform uses NFTs as a gateway for digital rights management

Companies across blockchains are starting to use non-fungible tokens (NFT). Non-fungible tokens are used to verify unique items such as digital art and digital ownership. Now, Wilmington, DE-based digital rights management platform RAIR wants to use NFTs to manage digital rights. The company provides a blockchain-based digital rights management platform and middleware encryption to enable digital scarcity. It wants creators to be able to upload media such as video, books, music, source code, or art on the RAIR platform, stored inside a non-fungible token. Special feature Special report: How blockchain will disrupt business (free PDF) This ebook, based on the latest ZDNet/TechRepublic special feature, looks at how blockchain is shaking up the economy and changing the way individuals and enterprises conduct business. Read More Creators can license, own, and control the distribution of their content and make money on sales and royalties. RAIR says that creators will keep 90% of the profits, with the other 10% presumably going to NAIR and node owners. The company wants NFTS to behave like a content store that monetizes media uploaded to its nodes. Also: Bitcoin mining 101: How to build a cryptomining rig Creators, songwriters, or artists might not be blockchain-savvy. So how… Read full this story

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