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The proliferation of the world of Non-Fungible Tokens (NFTs) has grown beyond art, GIFs, video game items, virtual real estate, and collectibles to now include NFT music. Now musicians joining the fray are standing to make millions of dollars by selling digital versions of their art and music.
Read MoreNo NFTs are not a pyramid scheme they are a medium through which people trade digital assets through the use of cryptocurrency. NFTs are decentralized, limited in number, and have smart contracts. If you own NFTs, the value of NFTs comes from their scarcity just like real-life fine art and also have the potential to appreciate over time. NFTs can also be programmed by their owners to help generate royalties for them as well.
Read MoreNon-Fungible Tokens (NFT) are interchangeable digital assets traded over the internet. NFTs are generated and traded in cryptocurrency which is digital cash with an encrypted key often in the form of a random string of numbers. NFTs are popular today because they offer a unique marketplace for digital assets with even companies creating their own NFTs as part of their marketing mix. Besides these NFTs allow users a flexible way to store, control, and protect the information related to their identity. NFTs creatives can also receive royalties from their NFTs and receive a percentage of future sales of their NFTs.
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