Journal Entry: Stamatina Bourret-03/12/2024-Digital Economy Course-Lesson 10

Journal Entry

Lesson 10

1. Digital ownership change with NFT’s and the implications this has for creators like Alex is it increases their wealth by selling as it becomes more valuable.

2. Potential challenges and solutions insetting up a digital walled and interacting with the Ethereum blockchain for the fist time are it is not an easy concept to understand. Therefore setting up the initial digital wallet can be difficult. Then understanding how you are getting royalties can also be confusing.

3. A person in prison could use this knowledge to begin preparing for an income stream upon release because they could set themselves up while in prison like Alex did. They can make notes like he did on what they want to add to their collection and you could lay out your plan so that when you are released you can then put that plan into place