Title: Best Utility NFTs (1)
1How NFTs Will Revolutionize the World
2- According to Google Trends data, the search
volume on Google for the keyword NFT is
equivalent to 25 of the highest volume reported
during the last 12 months for the keyword
Bitcoin'. This is why artists, singers and even
painters have decided to migrate their creations
to the world of NFTs after knowing all the
benefits that this implies. - In short, an NFT (or non-fungible token) is an
asset whose main qualities are that it is unique
and unrepeatable. To convert a work of art into a
non-fungible token, the following variables must
be taken into account
3- First of all, in the case of a physical painting
or photograph, the artist is recommended to
digitize it with a good quality scanner, which
can be obtained from printers or specialized
printing companies. All to obtain a digital copy
with excellent quality. If the piece of art is a
sculpture, the authors can opt for a 3D scanner
to create their digital replicas of the work. - On the other hand, once the art is digitized, the
artist can do the retouching to correct the
needed details after the scanning process. At
that time, the author must declare his work as
unique and can do so with both physical and
digital pieces. In expressing both, he will have
the possibility of offering the pack or selling
both separately.
4- The other option that the author has is to
declare the digital work and destroy the physical
one so that it is a unique piece. On the other
hand, the author can also destroy the physical
piece, record the process and then sell it in
combo with digital art to guarantee the
originality and exclusivity of the work. - NFTs (Non-Fungible Tokens) are intangible assets
that are not consumed with their use but are
unique. Therefore it is irreplaceable, and it
represents a monetary value. But let's go in
parts. A banknote is a replaceable good, which
can be exchanged for other identical banknotes or
for several that add up to an equivalent value.
On the contrary, a piece of art is a unique
object that cannot be replaced by another and
represents a monetary value.
5- What is the function of NFTs?
- An NFT is a digital asset validated by a shielded
digital contract that guarantees its ownership
and authenticity. Best Utility NFTs take digital
work to the next level, helping developers,
artists or anyone on the internet to monetize
their digital assets and giving buyers the
certainty that the piece belongs to them. - The commercialization of NFT generated more than
3,000 million, and this figure is expected to
increase with the arrival of the Metaverse and
the development of Virtual Reality technologies.
6NFT use casesThese tokens are based on a type of
technology that provides them with certain
characteristics. In general terms, you could say
there is only one type of NFT. It is used to
represent a digital work, a painting or a house.
But from a technological point of view, NFTs in
google wallet could differentiate NFTs based on
the blockchain network where they have been
issued, with Ethereum, Polygon or Tezos being
some of the main networks where this type of
crypto active is being issued, points out the
professor.
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