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Crypto Clubhouse: NFTs, NFTs, NFTs! with OpenSea + Katie Haun

a16z Live

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The Future of Cryptocurrency

Nft is a specific application on on a block chain, which is this giant world computer that currently is very energy and efficient. It relies on a algarithm known as proof of work, or consensus algarithm,. Nfts are moving away from that a particular algarithm, to things like proof of stake. And o kind of dumb it down. A proof of stake is essentially a way to power a block chain through a esentialized network of computers That does not require huge amounts of energy to be run.

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