What are autonomous NFTs?


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Autonomous NFTs (Non-Fungible Tokens) are a type of NFT that can perform actions or make decisions on their own without the need for human intervention. They are also referred to as "smart NFTs" because they are equipped with smart contract functionality.

With smart contracts, autonomous NFTs can be programmed to perform certain actions when certain conditions are met. For example, an autonomous NFT could be programmed to sell itself on a specific marketplace if it reaches a certain price threshold. Another example could be an NFT that represents a digital piece of art, which could be programmed to redistribute a portion of the proceeds from its sale to the original artist or a chosen charity.

Autonomous NFTs have the potential to enable new types of decentralized applications and business models, as they can automate many of the processes that traditionally require human intervention. However, it's worth noting that the technology is still in its early stages and many technical and regulatory challenges need to be addressed before it can be widely adopted.