09 October 2022
The future of art starts now. The new Non-Fungible Token standard brings art lovers and collectors to the blockchain era. Let’s create a decentralized gallery for digital art, where each piece is uniquely identifiable, tamper-proof and verifiable.
Non-fungible tokens create a new token for every piece of digital content and represent ownership in a specific digital asset.
No items are ever destroyed, as any type of NFT can be duplicated to an owner’s account.
A free and open global platform for artists and collectors of all skill level to share their work, buy and sell their favorite pieces or just connect with other like minded people from around the world.
Digital content is produced faster than ever before and it's getting harder to keep track of everything. There is an enormous amount of data being created everyday, but only a fraction is being monetized.Digital content creators are losing money to the monopolies and gatekeepers who are failing to give creators their due credit and compensation.
The introduction to the story is a father and son working in a bustling grocery store, where the son is learning about the digital world. Customers are constantly walking in and out of the store and at one end, there are shelves with fresh produce. In the produce section, they have lemons, apples, eggs, oranges, spinach. The son asks his father what is in the bottom shelf and his dad replies "those are NFTs". The son becomes fixated on these tokens that he can't see or touch. His pop explains that they're tokens on an NFT exchange platform where you can buy goods or services but instead of "cash", these tokens are uniquely assigned to goods or services. The son starts to ask a million questions: How do I buy goods with it? Who can I sell it to? What if someone steals it from me? How do I know its value? His dad explains that if you have goods like lemons or
The cost of real life items is going up and up, and the craze for buying, trading, and collecting physical objects drives up prices.Most people are nearing their breaking point and can’t afford to buy virtual items. In most cases, when you purchase an item it’s gone forever and you have to start all over.With our NFTs, because we never destroy any item or delete anything from our registry, any type of NFT can be duplicated to an owner’s account. That means that even if it’s ever destroyed or lost in the future, you will always be able to get an identical version of it back in your account at anytime. Remember: there are no limitations on how many copies of the same type of NFT can be
Blockchain is a public ledger, or decentralized database, that records all transactions across different points in time. Blockchain was originally developed as the accounting method for Bitcoin transactions and can be thought of as a distributed database that is replicated on the computers of all users. It would be possible for artists to store the digital representation of their work on blockchain and have it preserved for future generations. This would have the added benefit of proving authenticity, providing a timestamp for each work, and allowing for royalty payments to be made.
There is currently no platform for artists to share their work and make a living from it. Smaller artists are struggling with the decision between following their passion or paying the rent.Artsy is the world's first global marketplace for art and design, making it possible for creators of all kinds to share their work and pursue their creative dreams.Whether you are an artist, designer, collector or just love art, Etsy is your one-stop-shop to buy original pieces or find inspiration and connect with like minded people around the world. Sign up now and join our community of 1.6 million members! We're always looking for ways to help you find your creative passion."
In the future, there is a program that allows anyone to create art, but it becomes a form of investment. Using a set algorithm with variables that change depending on the artist's desired profit margins, the program creates work for the artist to sell. Some artists still use it as a tool to create their own work, but others are using it as an investment for future income. Themes: The ability to create art vs. investing in "art".
Keywords: artist, art exhibition, the future of art, NFT
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