Get to know NFT, an innovation to create digital assets to make money.
After digital currencies such as Bitcoin or Ethereum come into the finance industry. This has caused many new behaviors such as investing in crypto. Instead of traditional investments like gold, stocks, and bonds.
Or companies and merchants are accepting payments for goods and services via cryptocurrencies such as ‘Ananda Development’, a Thai real estate company that accepts payments. Buy a house or condo with crypto or ClassePay, an application that pays with crypto in restaurants or hotels, etc.
What is NFT?
NFT or Non-Fungible Token, unique items cannot be substituted for each other. Or unique, there will only be 1 that cannot be divided. The NFT is like a form of proof of ownership that confirms its existence based on blockchain technology.
NFT in the music industry
has increased sales opportunities for the music industry Artists and singers abroad have begun to bring their own songs to NFT in various formats. And sold to fans such as Limited Edition of the song that has the background of the song. or special content that is different from normal This is another form that can generate income for singers and musicians as another channel.
NFT in the sports industry
It has benefited from NFT as well, with the most successful being NBA Topshot, a collaboration between blockchain technology company Dapper Labs and the NBA that sells Moments in basketball games as NFT VDO Clips. high success.
NFT can also be used in a variety of ways, for example as a substitute for concert tickets. Use it instead of coupons. Apply to digital collectibles. such as various card games There is still a lot of research suggesting that NFTs can be applied to land titles as well.
NFT in the arts industry
Although NFT is used in many ways, it is very popular. It is probably the art industry that has taken pictures. Digital artworks are made into NFTs and sold in today’s many NFT markets. especially When news of art on NFT can be sold for a very high price, for example, Beeple artist “Everydays: The First 5,000 Days” has been auctioned for $69 million, or NFT’s first tweet of Jack. Dorsey CEO and Founder of Twitter It can be sold for $2.9 million.