nasa issues warning against tokenising its content

NASA Issues Warning Against Tokenising Its Content, Alerts NFT Enthusiasts

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NASA, the United States’ space agency, has stated that it does not want any of its content made into a digital collectible or a nonfunctional to be auctioned. … NASA’s logo, still, photos, audio recordings, video clips, and similar materials must not be utilized for commercial reasons, according to a comprehensive post.

With the rise of crypto supporting blockchain technology around the world, various additional aspects of the technology are gaining interest. NASA, the United States’ space agency, has stated that it does not want any of its content made into a digital collectible or a non-functional to be auctioned.

NFTs, or non-fungible tokens, are blockchain-based virtual collectibles inspired by a variety of items such as video snippets, game avatars, and art, among other things. NASA’s logo, still photos, audio recordings, video clips, and similar materials must not be utilized for commercial reasons, according to a comprehensive post.

Nonfungible Tokens (NFTs) are digital tokens that are controlled by a single person as a “one of a kind” digital asset. The space agency stated, “NASA does not wish for its images to be used for these purposes. “Some NFT and metaverse projects have recently cited ties to NASA, which may have prompted the space agency to provide detailed guidelines prohibiting such behavior.

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nasa issues warning against tokenising its content

For example, in October 2021, the Ethereumbased metaverse “Mars4” promised people a piece of the Red Planet in that virtual reality. According to media reports, the metaverse, which has yet to launch, is based on a NASA-created 3D depiction of Mars’ surface.

At the time, NASA had not confirmed its involvement in the project. Around the world, the classification of NFTs as assets, commodities, or something totally new is currently being debated. NASA has made the decision to keep its information out of the sector. “NFTs are incompatible with the types of items that the Agency is authorized to sell.

” NASA’s blog on merchandising guidelines stated, “NASA does not intend for its photographs to be utilized in connection with NFTs.” According to data from market tracker Dap Radar, NFT sales topped $25 billion (approximately Rs. 1,84,700 crore) in 2021, as the speculative cryptocurrency skyrocketed in popularity.

NFTs, according to Shark Tank investor Kevin O’Leary, will be more greater than Bitcoin in the future. Apple Podcasts, Google Podcasts, Spotify, and Amazon Music all have Orbital.

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Surekha V A

My name is Surekha Venkatesh , am from Shimoga, Karnataka. I am studying a Bachelor of commerce in Jnn college, Shimoga at Kuvempu University. I am interested in cycling, cooking and reading books. And I am capable of handling a variety of responsibilities in high-pressure situations.

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