From the Ted Talk by Kayvon Tehranian: How NFTs are building the internet of the future
Unscramble the Blue Letters
Because of NFTs, Chris Torres, Nyan Cat's creator, has received dreict compensation for his creation. But what's more is he'll continue to reevcie compensation every single time the NFT is resold. This is because of the royalty system baked into the smart ctctranos that govern NFTs. NFTs are software; they can be programmed. And with something as ccotlimpaed as royalties, which require enormous amounts of legal and muanal labor to implement in our analog world, we can now ersexps them in a few simple lines of code. This represents a breakthrough innovation for any isrndtuy predicated on rtloayy payments, such as publishing or music. And just as blogs and MP3s re-architected, these industries in decades past, NFTs will catalyze their next evolution.
Open Cloze
Because of NFTs, Chris Torres, Nyan Cat's creator, has received ______ compensation for his creation. But what's more is he'll continue to _______ compensation every single time the NFT is resold. This is because of the royalty system baked into the smart _________ that govern NFTs. NFTs are software; they can be programmed. And with something as ___________ as royalties, which require enormous amounts of legal and ______ labor to implement in our analog world, we can now _______ them in a few simple lines of code. This represents a breakthrough innovation for any ________ predicated on _______ payments, such as publishing or music. And just as blogs and MP3s re-architected, these industries in decades past, NFTs will catalyze their next evolution.
Solution
industry
direct
royalty
receive
express
contracts
manual
complicated
Original Text
Because of NFTs, Chris Torres, Nyan Cat's creator, has received direct compensation for his creation. But what's more is he'll continue to receive compensation every single time the NFT is resold. This is because of the royalty system baked into the smart contracts that govern NFTs. NFTs are software; they can be programmed. And with something as complicated as royalties, which require enormous amounts of legal and manual labor to implement in our analog world, we can now express them in a few simple lines of code. This represents a breakthrough innovation for any industry predicated on royalty payments, such as publishing or music. And just as blogs and MP3s re-architected, these industries in decades past, NFTs will catalyze their next evolution.