Hello crypto community,
I am new to the digital art market and am trying to understand the role of non-fungible tokens (NFTs) in this market. I understand that NFTs are digital assets that are stored in a blockchain and are used to represent ownership of digital art. I also understand that they are unique, and cannot be replaced or copied.
However, I am still unclear about the implications of using NFTs in the digital art market. Specifically, I am wondering how the ownership of digital art is verified when using NFTs, and what rights the owners have. I am also curious to know how the use of NFTs in the digital art market affects the pricing of artwork.
I would be grateful for any advice or insights that more experienced members of this community could provide.
I am new to the digital art market and am trying to understand the role of non-fungible tokens (NFTs) in this market. I understand that NFTs are digital assets that are stored in a blockchain and are used to represent ownership of digital art. I also understand that they are unique, and cannot be replaced or copied.
However, I am still unclear about the implications of using NFTs in the digital art market. Specifically, I am wondering how the ownership of digital art is verified when using NFTs, and what rights the owners have. I am also curious to know how the use of NFTs in the digital art market affects the pricing of artwork.
I would be grateful for any advice or insights that more experienced members of this community could provide.