Non-Fungible Tokens (NFTs) — Changing the Dynamics of Digital Arts

  • Having a decentralized marketplace for NFTs allows creators to sell their works directly to their customers, eliminating a middleman. There are also options to claim their commissions as discussed earlier.
  • -Built on the resilient blockchain technology, the data cannot be forged. The digital art is copyright protected, secured and unmodifiable.
  • NFTs are collectibles whose values get aggrandized over a period of time.
  • It’s worthwhile to invest in NFTs for the resale value.
  • Physical arts can’t be digitized.
  • The copyright for each digital asset is not purchased which means the artwork is still going to suffer the copy-paste problem.
  • It needs a lot of energy and cost to build the underlying blockchain technology.
  1. Rarible
  • Open a wallet
  • Set up your profile
  • Add your NFTs
  • Place them for sale — Here you can sell digital assets like — images, video clips, audio and 3D arts.

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bitsCrunch - The NFT Ecosystem Guardians

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