Posted on: November 15, 2022 Posted by: James Anders Comments: 0
NFTs

Given that the world of art is going through a prosperous phase, one can be sure that this is but the beginning. Art does not die but only diversifies constantly; this is something we ought to understand. Art is the creation of something visually, vocally, physically, and emotionally attractive and encaptivating. One may also refer to art as a form of freedom where you let go of yourself and express what you feel.

Introducing NFT to artists and content creators, while a brilliant move, does take away something from the way physical art feels. However, it does expand the market for them and allows them to see beyond the horizon that hid them from the vast expanse that can be explored. The introduction of NFTs while something that has revolutionized the entire way that people have been purchasing art, so it might as well suit their needs to move to a domain where it is easier for them to sell their craft at an incredible rate.

Digital art cannot be compared to the art that several artists take countless hours to perfect. On the other hand, digital art seems to be the way of the future, while regular paintings and images of the past will still be priceless. Before we get down into the specifics, there is more than what we do; let us not jump to any conclusions.

Safety first!

When an artist or an influencer puts time, effort, and money into projects, paintings, or pictures, they usually want to ensure that these items are not fake. While this might be something that may worry about because of the lack of credibility, the creator’s name takes a hit. Although any or every precaution is taken, fakes are eventually made, but then in the case of digital art in the form of NFTs, this is not possible.

The NFTs are a part of a blockchain and cannot be duplicated no matter what. The reason is that each of these NFTs has a set address and cannot be changed or modified; hence, it is easier to track and organize them and know whether there is availability. Not only do NFT trading platforms guarantee authenticity, and they also prevent the need for physical transport like traditional art. The reason for this is quite simple these artworks are solely digital. They can be bought online, and unlike physical assets, they can be stored in a wallet.

So the next time an art enthusiast is scourging the internet for art pieces that he finds interesting, he doesn’t have to worry about authenticity; this helps artists and creators establish a good relationship with their buyers and, at the same time, ensures that no reproductions are made.

Fortune favors the bold… and the old

Pursuing art is not a cheap endeavor; purchasing items and raw materials are expensive, given that some of these pieces are made with rare materials. While most artists stick to painting and basic sculptures, there is a constantly growing genre of art where people invest a lot of time and money. Graphic art is continually evolving; other artists find it hard to adapt to change, so they stick to the old-school way.

While initially, graphic artists were making pennies when compared to physical art, NFTs changed all that instantly. The domain for all artists to sell their work as NFTs evened the platform. The NFTs were priced based on factors such as; rarity, fame, demand, and quality. At the start, this was an issue for the artist in physical paintings and art, but they soon realized the huge opportunity it brought them. While, when considering a physical painting it would have a set percentage of tax that needs to be paid.

So enabling countless transactions artists and allowing graphic designers and content creators to even the market is remarkable. While early on, the transactions made were on the lower side compared to physical art and masterpieces. This is remarkable because they cannot be copied and can now compete with art done by hand.

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Issues, but fixable ones

NFT trading platforms have surely revolutionized the way the selling and purchasing of art. This doesn’t mean it’s completely free of all problems because if that were the case, the NFT trading places would have completely taken over the art industry. When created, art usually has a set quality; this quality might not be the same when made into NFTs. There may not be a change, but one can not guarantee it.

NFT trading does occasionally experience transaction issues and while this is not uncommon it is certainly an issue. There might be several reasons for this to be happening such as; the blockchain being overloaded with multiple transactions occurring at the same time causing it to lag. Even though NFT trading marketplaces erase the need for transport, the NFTs also take away the feel and experience of owning an actual piece of art. Inherently this isn’t a problem, but in the long run, certain steps should be taken to avoid that dilemma. These are some issues people who purchase NFTs would usually have, given the nature of not being a tangible asset.

Wrapping it up

In conclusion, while the NFT trading platforms and NFTs offer a solid and safe platform for artists and designers, they have some flaws. But then flaws can be perfected, and once these issues are resolved or certain compromises are met, it would be much better. These NFTs while initially, were the center of skepticism have managed to break through that boundary. They undoubtedly get rid of added costs for the artist and prevent them from incurring any financial issues. These artists sometimes suffer or struggle without significant income and these NFTs and NFT marketplaces are saving them.

In reality, though, these platforms enable the artist and the creator to sell their creation’s designs and much more to a global audience. They incur minimal fees while also being able to notice their work go up or down in value. So which artist won’t make use of all that?

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