What Are NFTs and How Do They Work?

With NFTs, the future of art is in the palm of your hand. Here is a look at the topmost famous artists getting into NFTs right now. For millennia, the world of art has remained unchanged for the most part. The tradition has always revolved around artists selling their work to museums, galleries, or individual collectors. In return, the artist would get a market value for their work which was often kept in private vaults and only displayed to the public ever so often.With the advent of NFTs, many artists are now able to take their work and offer it up for sale as a digital collectible.....

Artists and content creators are expanding the creator economy past the $100 billion mark by taking control of their brands through NFTs. Nonfungible tokens (NFT) have created an environment where artists can take control of their work and finances. Experts agree that artists and creators that tokenize their work and issue it as NFTs no longer have to deal with third-party intermediaries. Although galleries have traditionally done the leg work in attracting buyers, they are seeing their utility diminish as cheaper decentralized apps (DApps) make it easy for investors to connect directly....

K-pop band BTS has announced plans to release their own NFTs related to the band. The foray of artists and celebrities into the NFT world has not been a surprising one given the nature of the space. NFTs enable creators to own full rights to their work and whoever purchases these contents have verifiable data […]

NFTs are tokenized assets that can be staked and maintained secure on NFT staking platforms. We all know about staking cryptocurrencies, whereby you make a return on your investment. Nowadays, you can also make money by staking your nonfungible tokens (NFTs)! By staking your nonfungible tokens (NFTs) on NFT staking platforms, you can make additional returns on your investment. NFTs have become even more attractive due to this development.More and more people are looking for new ways to make money without having to work for it. Passive income used to be something wealthy people could get....

The sales of music NFTs on OpenSea have underperformed compared with digital artwork, collectibles and other categories. When people think of nonfungible tokens (NFT), the most popular collectibles such as CryptoPunks, Bored Ape Yacht Club and Decentraland usually come to mind. Beeple’s digital artwork that sold for millions will most likely ring a bell, and most recently, gaming came together with the Metaverse to usher in an altcoin season.However, one particular type of nonfungible token that rarely gets looked at is music NFTs. With NFT sales raking in billions of dollars across other....