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Art is the most common type of NFT that people are aware of. These can be individual pieces or part of collection like Punks or Bored Ape Yatch clubs.
People like collecting Art NFTs just as they like to buy paintings, baseball cards or statement fashion pieces.
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NFTs or Non Fungible (read interchangeable) Token are set of block chain standards that enable secure onwership of digital assets.
As more people figure out how they can leverage this technology, we are starting to see more and more use cases for NFTs.
Here are 7 types of NFTs that yo...
One can turn concert/movie/club tickets into an NFTs which can be leveraged to trade further at higher price where the organiser gets the cut everytime the ticket is resold.
This would also make the whole process friction less and creators can allow NFT holders/fans a private meet.
This vertical of NFTs is increasing very rapidly. Web2 contributes very little to earnings of musicians. Web3 allows musicians to turn their music/songs/Album into an NFT.
Which inturn provides endless royalties to musicians as they get their cut everytime someone buys their music.
Today, gamers spend roughly $40B/year in In-Games purchases. But they don't own those purchases, the gaming company does.
By turning these objects into NFTs gamers would genuinely own the objects/goods purchased in those Games
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One you understand how NFTs can be leveraged it'll blow you away. Read more to learn how NFTs would revolutionize entertainment industry
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Crypto art is a digital art form. It is treated like physical artwork collections, and owners may have verified ownership of a piece of crypto art. The art world has long had established systems for collection paintings...
You can copy a digital file as many times as you want, including the art that’s included with an NFT.
But NFTs are designed to give you something that can’t be copied: ownership of the work (though the artist can still retain the copyright and reproduction rights, just like...
At a very high level, most NFTs are part of the Ethereum blockchain. Ethereum is a cryptocurrency, like bitcoin or dogecoin, but its blockchain also supports these NFTs, which store extra information that makes them work differently from, say, an...
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