Nick Emmonds, founder of NFT platform Upshot, believes: NFTs will go beyond art and collecting. They will become a more diverse set of financial assets that can be utilized in the crypto/DeFi ecosystem.
The Nasdag exchange has predicted how NFTs will affect art. Here are the top three trends.
Democratization of art. Anyone can create works of art. And you don’t have to visit art galleries to view them. It can be done even when you’re at home.
Royalty. Thanks to blockchain technology, creators can receive a percentage of each resale of a token. In real life, it is quite difficult to realize this.
Freedom and independence. Artists do not have to adjust to the requirements of brands or collectors. They will be able to create the robots they want and still find their audience.
An NFT is a token that confirms ownership of a particular item. Usually it can be photos, videos, and other works of art. NFTs are also used in games and other applications.
However, buying a token does not mean that you get the copyright to the artwork. The latter may be available online even after purchase. NFT means that you have purchased the original.
