However, upon closer examination, one can sense that there are good reasons to believe this NFTs can play an increasingly important role In our digital society, it is not necessarily (or not only) associated with collecting, art, and speculation. Some recent events confirm this thesis: as reported The Blockchain Observatory & Distributed Ledger of the Milan Polytechnic Institute, the nft trading market recently launched by Reddit has already gained more users than OpenSea (the leading nft trading platform); At the same time, Facebook and Instagram are both working on integrating NFTsWhile Apple is enabling the sale of NFT-related digital content within its App Store.
Tim Stokley launches Zoop, a startup that will allow its users to exchange trading cards of influencers and celebrities via blockchain
Beyond the statues
No wonder, because unlike many cryptocurrencies, NFTs perform a clear function: thanks to the blockchain, they allow Transfer of the concept of ownership – and therefore valuable – even in a world that until recently lacked them like the digital world, which has historically been characterized by the possibility of infinite reproduction. So the nfts are A certificate proving ownership of a digital asset: In a world where such merchandise has become part of an increasingly important market (just think of accessories to personalize video game heroes), a tool of this type offers important advantages.
“Many promising uses in disparate fields: From the financial sector to digital identityFrom logistics to marketing, always refers to the Polytechnic Observatory. The important thing is to stop associating nfts only with CryptoPunks and Bored Ape Yacht Club and consider them for what they are: Digital property certificates. Which can also replace traditional processes, and automate some very important processes.
In the logistics sector, NFTS can create ‘digital passports’ that certify the passages along the supply chain of a given product, exploiting the immutability of information recorded on the blockchain – Observatory always explains -. Acting ability Identity certificates that cannot be forged With NFTs, they are also particularly interesting in the field of digital identity.”.
Two entrepreneurs are reviving a popular file-sharing platform, turning it into a marketplace for music-related digital artwork
future in art
Think Green Card saved on your smartphone And how, in some quarters, there was a custom of sending each other a jpeg of this document to evade the controls. If it is in nft format, then sending this document in the original format will not be possible, because Its movement will be recorded by the blockchain Thus – depending on the programming method – it would have invalidated the transaction.
At the same time – and back to the art world – nfts can also be used Register physical business sale, thus automatically saving on the blockchain every transaction related to a particular business. Because it is important? For example, why might the author of the work allow this Automatically receive a percentage of each transactionsolved one of the biggest problems of emerging artists, who in many cases watched helplessly as their work was exchanged at increasing prices without receiving anything.
Forget about speculative bubbles and crazy CryptoPunk prices. from a certain point of view, It is necessary to forget about NFTs. When this technology matures, we’ll take note of it for one reason above all: We’ll never talk about it again. Just as we don’t talk about testimonies of notaries.