NFT: Overcrowded or overhyped?
Digital artists are seeing their lives change thanks to huge sales to a new crypto-audience. And the NFT is the way to go.
By now I think everyone should know what is NFT is but just to clarify and in simplicity I’d like to explain What NFT is ?
NFT = Non-fungible tokens
Collectible of any digital asset like Artwork, Event tickets ,Music and media, Gaming, Virtual items, Real-world assets, Identity, Memes,, Domain names
NFT hyped most when the Everydays: the First 5000 Days sold for $69.3m. And the because of hype the people started searching and exploring the topic “NFT”. The searching results top sales in whole marketplace. Like CryptoPunk #7523 $11.75m and recently CryptoPunk #9998 in October 28 sold for
124,457.0675 ETH = $532 million
The creators just got madlads and started their marketplace profile for the artwork showcase. I am not saying that any of these is bad. In contrary the more of community, better.
Not every NFT Seller is an artist. But its not that hard to just create the NFT and post it on marketplace. NO I'm not here to give any tutorials, just google it :).
What’s the hype and top sale is about is not actually the art and that disappoints me.
The real hardworking artists just doesn’t even know the NFT blockchain and shit.
I think the NFT marketplace needs more of content/new way thinking to workout and spread more of it’s usefulness.
And to think the more new ways to use the NFT internet here’s some of the benefits that it offers: scarcity, uniqueness, proof of ownership, the loyalty to owners etc.
The internet is not just JPGs and MP3s, it’s more than that and NFT can help it more secure and more productive.
