NFT 365 Podcast with Fanzo

42. What are SMART contracts and how are they powering NFT communities?


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I didn't want to put "Smart contracts" in the title cause I mean it just sounds boring yet it's the foundation for what powers the value and trust of NFT projects today.  Harvard Law explains smart contracts as:
"“Smart contracts” is a term used to describe computer code that automatically executes all or parts of an agreement and is stored on a blockchain-based platform. ... That replication also means that as each new block is added to the blockchain, the code is, in effect, executed."   I try to break it down to an understanding of these 4 key aspects:  1. Pre-Programmed Code 2. Chain of events (If this than that statements) 3. Execution & Transfer of Value based on above 4. Secured and logged transparently on the blockchain   I give some real-world examples and some key aspects to smart contracts within the NFT projects we've minted in our Mint 365 experience on the podcast.    Let us know questions around smart contracts that you might ave by either using the hashtag #NFT365 on Twitter or IG and or tagging Brian Fanzo @iSocialFanz on your favorite social network. You can also jump in our communities: http://discord.gg/adhdcoin https://facebook.com/groups/nft365   -- Powered by Rally.IO $ADHD coin Rally is a platform for creators and their communities to build their own independent digital economies.  Rally is what we are using to build our creator economy and empower you the listeners and supporters of the Mint365 experience to grow along with us.  
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NFT 365 Podcast with FanzoBy Brian Fanzo Digital Futurist Keynote Speaker

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