I discussed the use of Non-Fungible Tokens (NFT) for art sales and ownership transfers in my previousarticle.
Blockchains can track transactions, transfers of ownership, balance changes and the like.
An NFT is a way to track ownership transfers of either physical or digital assets.
Summit Art Creations - stock.adobe.com
Physical assets can include cars, houses, trucks, airplanes, buildings, watches, etc.
Digital assets can include digital art, music, films and others.
However, the ease of selling digital art has really cluttered the marketplace with a lot of junk.
I guess it can also happen in the digital world.
Remember that Bitcoin, the worlds most well-known blockchain, came out in 2008.
Thats when the subprime mortgage crisis and the massive bank bailouts happened.
It also caused a lot of bankruptcies and layoffs that affected the common workers.
One persons trash art is anothers treasure.
Yes, I get it.
Beauty is sometimes in the eyes of the beholder.
The Rolling Stone Culture Councilis an invitation-only community for Influencers, Innovators and Creatives.Do I qualify?
I believe in the power to the people ethos of blockchain.
There are already sites that curate their NFT digital art and sell it to the public like Superrare.
However, the vast majority of NFT marketplaces do not curate what they sell.
Maybe we should just be patient with it and allow it to grow up.
Maybe we will see a few gems along the way.
