
NFT: Creating the Future full of Authenticity & Loyalty

Today, NFT is gaining popularity. Though this concept is quite difficult in understanding, nevertheless it is very easy to preserve your talent, creativity and most important your unique assets. Firstly when we talk about fungible assets like gold, indeed it is replaceable, whereas NFTs are non-replaceable i.e. it cannot be replaced by anything. Thus, NFTs are unreplicable, unfakeable, and unbudgeable. In the world of traditional art, NFTs are redefining the value of art. Earlier the artist where supposed to wait for exhibitions and art galleries to give them a chance to showcase their talent and earn, but now artists themselves can promote their art work and simultaneously can preserve their ownership with the help of NFTs. Further, we have multiple possibilities to be safe and secure, as NFTs also helps in authentication and safe storage of important credentials & obscure concepts like secret & confidential password, birth certificate, agreements and so on.
Digitization is immensely helping to generate unique ideas & products and safeguard harnessing unique methodologies too. When it comes to art, various types of arts like paintings, music, games, videos, documentary movies what not. Just create and seal it with unique serial number or a seal of authenticity. This seal reveals about the owner, the metadata recorded on a decentralized blockchain and verified by network participants. It depicts the whole detailed info about owner. Isn’t this blissful? Due to increased frauds and threats in a real time world, now you can stay stress-free from any such intruders. Do you know what, back then when first NFT was coined we were not even aware what NFT was. The first NFT, ‘Quantum’ was minted by Kevin McCoy and Anil Dash in May 2014 on a decentralized name registration database called ‘Namecoin’. It consists of a video clip made by McCoy's wife.
Digitization is immensely helping to generate unique ideas & products and safeguard harnessing unique methodologies too. When it comes to art, various types of arts like paintings, music, games, videos, documentary movies what not. Just create and seal it with unique serial number or a seal of authenticity. This seal reveals about the owner, the metadata recorded on a decentralized blockchain and verified by network participants. It depicts the whole detailed info about owner. Isn’t this blissful? Due to increased frauds and threats in a real time world, now you can stay stress-free from any such intruders. Do you know what, back then when first NFT was coined we were not even aware what NFT was. The first NFT, ‘Quantum’ was minted by Kevin McCoy and Anil Dash in May 2014 on a decentralized name registration database called ‘Namecoin’. It consists of a video clip made by McCoy's wife.