Questioning the meaning of inheritance itself

In his monthly column on crypto technologies, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto sp...

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

When trying to examine the non-fungible token (NFT) economy as it has formed in recent months, two main trends can be discerned. On the one hand, a whole new market that allows various artists to join a new economy of creators – the creators of Bored Ape Yacht Club, various types of pixel art and creative sparkle makers such as the creator of paintings of women at long neck, the sale which earned the artist, aged just 12, nearly 1,394 Ether (ETH), equal at time of writing to $ 6 million.

But the truth is that an NFT is much more than that. Take, for example, one of NFT’s first big sales, when Jack Dorsey sold the first tweet that appeared on Twitter in exchange for an amount that was then worth approximately $ 2.9 million. This TVN has grown in value, but in fact its very assimilation as TVN has retained a sort of legacy.

The day Twitter goes down the web, or the outdated text platform is gone, like so many sites that were once in the annals of the web and have simply died out, only those that someone has created will be left. economic value, beyond symbolic value. A unique value, which is sufficient in itself, and which makes the preservation of tradition and heritage a sustainable operation.

Garry Kasparov does NFTs

Garry Kasparov, the former world chess champion, the man who has held the title for more years than anyone, has set out to transform his digital legacy and turn vast chapters of his past into an NFT.

“My NFT business with 1Kind reflects my desire to always take on new challenges and work with exciting new technologies,” Kasparov says. “From artificial intelligence to cryptocurrencies and blockchain, I have always believed that innovation is the only way forward. We have worked closely together from the start to create not only unique items, but a whole new way to use NFTs to tell a story, one with a real story behind it. “

One of the interesting things about Kasparov is his interest in human-machine interfaces. Kasparov is perhaps the most famous chess player of all time, the youngest to win the world championship as well as the longest-serving world chess champion of all time.

But, in fact, his matches against supercomputers have brought him worldwide fame. Kasparov has repeatedly won state-of-the-art chess computers, but his loss in 1997 to IBM’s Deep Blue computer marked a turning point and symbolized the fact that artificial intelligence manages to match. and even to achieve human intelligence. Symbolically, it was precisely this loss that linked Kasparov’s fate to the development of the digital age.

Related: Without quantum security, our blockchain future is uncertain

Now, with the NFT project that Kasparov is launching 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 chapters of his past, thereby creating a legacy that does not depend on exhibits, showcases or history books. With objects, pictures and paintings depicting his past, he goes through NFT, not to support a designer economy but like that tweet from Dorsey, to preserve a legacy before it fades and to attract more people interested in the preservation of this heritage. As Kasparov explains:

“This is the first time that an entire life will be transformed into NFT – my life. I wanted to share not only my chess games and my successes, but everything that shaped me and my legacy on and outside of it. the chessboard. “

A new chapter in heritage perseverance

Even today, to document a heritage, you need unique books, museums or tours. But all of this requires massive and long-standing support – after all, a museum cannot own itself and needs the support of taxpayer dollars or one-off funds. But when Kasparov makes his legacy public in the NFT, he decentralizes heritage preservation. He calls on collectors to participate not only in his heritage but also in its preservation. At the simplest level – if Kasparov himself disappears from human consciousness, even these heirloom objects will lose their value. So that the interest of the person taking part in the sale becomes the same as that of Kasparov himself. Preserve heritage and expose it to as many people as possible.

“The deeply personal nature of this project is evident in every NFT. My family and childhood, my rise as a chess champion and my conquest of the world title, and my explorations in politics, education, writing. and speech. Documents and artifacts never before seen by the public include my personal notebooks and family photos. The cast includes the coaches who shaped my failures, my fresh start with a new career and a new family after the failures, and , through it all, my greatest champion since the very beginning, my mother. “

In practice, it is an interesting experience. After all, this sale not only includes digital art or depictions of past moments, such as NBA Moments, but also digital depictions of real objects such as notebooks, cards, physical photographs from the past. by Kasparov and others. That is, the buyer will have digital ownership of the objects, of which someone else may have physical ownership.

Related: Generation Z and NFT: redefining ownership for digital natives

But in fact, it’s possible that in the world we’re heading towards, it’s not clear who will have more equal ownership – whoever has a hard copy of a game card in the safe, or who which holds the digital representation, which can be shown to the world without fear of being damaged or missing. Kasparov himself also admits that this is no small challenge, but perhaps again it is his way of breaking down barriers and concepts, in the transition to the Web 3.0 era.

“I admit being a little nervous, like sitting down in my first World Championship game, playing against a supercomputer, or when I left the familiar chess world to fight for democracy in Russia and beyond- beyond. But what are we without new challenges “Without taking risks? The status quo has never been good enough for me, and with that in mind, I am delighted to share this ambitious and unmatched collection. Hope people enjoy it and can’t wait to see the rest, ”Kasparov said.

This article does not contain any investment advice or recommendations. Every investment and trading move comes with risk, and readers should do their own research before making a decision.

The views, thoughts and opinions expressed here are solely those of the author and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Ariel shapira is a father, entrepreneur, speaker, cyclist, and is the Founder and CEO of Social-Wisdom, a consulting agency working with Israeli startups and helping them make connections to international markets.