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molecula

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  1. Basically NFT means that you can publish any digital artwork on blockchain-based platforms as your original work, add it on auction, sell it for large amount of money (if you have high exposure) and every time someone resells you get a fee, because on the blockchain every actions is recorded and everything is easy to trace, so your name is always behind the artwork. Like, someone buys your artwork for $10 and after 10 years someone wants to buy it for $1 million, you will get a fee of 10% into your digital wallet. For the rich people that means investing money in famous artists so they can resell it for higher amount or just to have a luxury digital collection. It’s pretty revolutionary, because now digital art have a value like a traditional art. The bad side of this - demand of electricity to put one artwork on a blockchain is huge and it will have a devastating impact on the environment. But there are plans and donations to speed up research for eco technology, so the future is bright for the artists. 🙂 Also, if you make NFT artworks via Fiverr, you are just giving ownership to the others. Here is my discussion on this topic NFT art and ownership
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