NFT is creating sustainable business model for artist

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NFT or irreplaceable token is being put to use for artists where the Bitcoin Blockchain (BTC) is going to be used as a medium for transaction and other uses. It can be said that the irreplaceable token or NFT is a 2012 concept. For example, the creation of “Colored Coins” in 2012 could form the basis for today’s NFT, as this project demonstrates how the Bitcoin Blockchain (BTC) can be used as a transaction mechanism for real assets. Fast forward to 2017, when CryptoKitties became one of the most popular decentralized applications, or DApps, Ethereum has ever created. CryptoKitties was described in 2017 by Ryan Hoover, founder of Product Hunt, as “the first Ethereum-based decentralized Pokemon-like game where users can collect and raise digital kittens”.Unsurprisingly, as cryptocurrency adoption increases, so does the irreplaceable concept of tokens. NFT’s revenue exceeded $2.5 billion in the first half of 2021, demonstrating the potential of what appears to be a new business mode

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We współpracy z: https://tokeneo.com/nft-is-creating-sustainable-business-model-for-artists/

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