TASK 1 -Option 2


Why I find NFT’s interesting

NFT solves the problem of who owns the file/artwork when there are many copies out there.   This is very important for digital artists in an industry where people and even large companies are stealing work and not paying artists. The NFT contains a unique fingerprint, token name and token symbol that is stored on the blockchain. The blockchain makes sure that this can never be tampered with and is very secure.  Which means you as the creator will always own and retain the copyright and reproduction rights even after it’s sold, and another buyer owns it.

 

First NFT sold created by Kevin McCoy, “Quantum” (2014-21), non-fungible token (image courtesy of Sotheby’s

A video explaining NFT’s in 4 minutes.

https://www.youtube.com/watch?v=FkUn86bH34M

 

 

 

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