Why Decentralized Autonomous Organizations (DAOs) Matter
Web3 Business Podcast
00:00
What's the Point of a Smart Contract?
With an nft and a smart contract, i can sell you my work of art through a smart contract. So that can include twhere, say, you take on the art, it grows in value. Ohyou know, i want to sell this now so that i can make a profit. Well, in that sale, it could be determined in the smart contract that me, as the original artist, i still get ten % of that next sale and any sale thereafter. And no one can ever stop that. No one can ever decide, oh, we think she's earned enough, no- you know.
Transcript
Play full episode
