NFTs (Non-Fungible Tokens) are a class of digital assets in the form of art pieces, audio files, videos, digital goods, or even tweets. An NFT is unique in itself because it cannot be replicated nor replaced by another identical item. India’s first NFT marketplace is now open for artists (sellers) and buyers/collectors.
In episode 10 of ‘Digital Assets Of The Future – Crypto‘, Anand Venkateswaran & Nischal Shetty have got together to clear the air around the concept of NFT and answer the what, how, and why’s associated with it.
In this episode, you can get answers to questions like:
We need to understand that, in the world of conventional art, provenance is the biggest concern. Stakeholders spend most of their resources and time proving that their work of art is real or an original edition. With NFTs, this concern is instantly taken care of. Considering the current scenario and growth graph, it can be said that NFTs will represent Crypto, in general, in the times to come. Furthermore, the new generation of digital-native artists and spenders will be the driving force for this new ecosystem.
PS: The world is limitless here!
The post Future of NFT’s in India & Global Market appeared first on WazirX Blog.
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