In his monthly crypto tech cavalcade, Israeli serial entrepreneur Ariel Shapira covers emerging technologies inside the crypto, decentralized finance (DeFi) and blockchain space, as well as their roles in shaping the economy of the 21st century.

When trying to examine the nonfungible token (NFT) economy as it has been shaping in recent months, two main trends can be discerned. On the one paw, a completely new market that allows diverse artists to join a new creator economy — the creators of Bored Ape Yacht Club, various types of pixel art creators and artistic flickers such as the creator of long-necked women's paintings, the sale of which brought the creative person, only 12 years quondam, close to 1,394 Ether (ETH), equal at the time of writing $6 million.

But the truth is that an NFT is much more than than that. Take, for example, one of the first meaning NFT sales, when Jack Dorsey sold the first tweet that appeared on Twitter in exchange for an amount that was then worth about $2.ix one thousand thousand. This NFT gained value, but in fact, its very assimilation every bit an NFT preserved a kind of heritage.

The day Twitter goes down the spider web, or the outdated text platform disappears, like many sites that were part of the web's annals and merely disappeared, the only things left will be those for which someone has created economic value, beyond the symbolic value. A unique value, which stands on its own, and which makes the preservation of tradition and heritage a sustainable operation.

Garry Kasparov does NFTs

Garry Kasparov, the old globe chess champion, the man who has held that title for more years than anyone else, has decided to plow his legacy digital, and plow extensive capacity of his by into an NFT.

"My NFT venture with 1Kind reflects my lifelong desire to take on new challenges and piece of work with exciting new technologies," says Kasparov. "From artificial intelligence to cryptocurrencies and the blockchain, I've always believed that innovation is the just style forrad. We've worked together closely from the start to create not just unique items, but a completely new way of using NFTs to tell a story, ane with real history behind it. "

1 of the interesting things about Kasparov is his involvement in human being-machine interfaces. Kasparov is perhaps the most famous chess actor of all time, the youngest to win the world championship as well as the longest-reigning world chess champion of all time.

But, in fact, his matches against supercomputers bought him his worldwide fame. Kasparov has repeatedly won state-of-the-art chess computers, simply his loss, in 1997, to IBM's Deep Blue computer marked the watershed and symbolized the fact that artificial intelligence manages to match and even attain homo intelligence. On the symbolic level, it was precisely this loss that linked Kasparov's fate to the evolution of the digital age.

Related: Without quantum security, our blockchain futurity is uncertain

At present, with the NFT project that Kasparov is launching together with the 1Kind platform, he is once again shaking up basic concepts — of heritage, legacy and history. Kasparov seeks to create a digital presence for various capacity in his past, thus creating a legacy that does not depend on exhibits, brandish cabinets or history books. The objects, pictures and paintings depicting his past, he drops through NFTs, non to support some creator economic system just similar that Dorsey tweet, to preserve a legacy earlier information technology vanishes, and to bring in more people as interested in preserving that heritage. As Kasparov explains:

"This is the first fourth dimension an entire life will be turned into NFTs — my life. I wanted to share not only my chess games and successes but everything that formed me and my legacy on and off the chessboard."

A new chapter of heritage perseverance

To this day, to certificate a heritage, one needs unique books, museums or tours. But all of this requires massive, long-standing support — after all, a museum cannot own itself and needs the support of taxpayer money or unique funds. Just when Kasparov makes his legacy public in the NFT, he is decentralizing the preservation of the heritage. He calls on collectors to take part not just in his legacy merely also in its preservation. At the simplest level — if Kasparov himself disappears from human consciousness, even these heritage objects will lose their value. So that the interest of the person taking role in the auction becomes the same every bit that of Kasparov himself. Preserve the heritage and expose information technology to as many people as possible.

"The deeply personal nature of this projection is apparent in every NFT. My family and childhood, my rise as a chess champion and conquest of the world title, and my explorations into politics, education, writing and speaking. Documents and artifacts never before seen by the public include my personal notebooks and family photos. The cast includes the coaches that shaped my chess, my fresh commencement with a new career and family unit after chess, and, through it all, my greatest champion from the very beginning, my mother."

In practice, this is an interesting experiment. Later on all, this sale includes not simply digital art, or representations of past moments, such as the Moments of the NBA, but likewise digital representations of real objects such as notebooks, cards, concrete photographs from Kasparov'due south past and others. That is, the heir-apparent volition have digital ownership of objects, which someone else may have physical ownership of.

Related: Gen Z and the NFT: Redefining ownership for digital natives

Just in fact, information technology is possible that in the world nosotros are heading towards, information technology is not clear who volition have the more equal ownership — the one who holds a paper re-create of a game menu in the condom, or the 1 who holds the digital representation, which can exist displayed to the earth without fear of existence damaged or gone. Kasparov himself also admits that this is no small challenge, but perhaps this is again his way of breaking downwardly barriers and concepts, in the transition to the Web 3.0 era.

"I admit to being a picayune nervous, similar sitting down in my first earth championship friction match, playing against a supercomputer, or when I left behind the familiar earth of chess to fight for democracy in Russia and beyond. But what are we without new challenges? Without taking risks? The status quo was never adept enough for me, and in that spirit I'm delighted to share this ambitious and unmatched collection. I hope people would enjoy information technology and I tin not look to meet what comes side by side," says Kasparov.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a conclusion.

The views, thoughts and opinions expressed here are the writer's alone and do not necessarily reverberate or represent the views and opinions of Cointelegraph.

Ariel Shapira is a father, entrepreneur, speaker, cyclist and serves as founder and CEO of Social-Wisdom, a consulting bureau working with Israeli startups and helping them to found connections with international markets.