NFTs? Could it become an upcoming big trend in the Crypto market?

in LeoFinance2 months ago (edited)

Apparently, NFT has existed 2-3 years ago, the typical example in 2017 is Crypto Kitties, a virtual cat game on the Ethereum Blockchain. There are many applications of using NFT, from gaming to digital assets. So what are the NFTs apps that have made it so hot this year?

First, we can consider the application of NFTs to ownership. Ownership in the digital age sooner or later will become one of the big problems. For example, you can own 1 domain, but that domain can completely be hacked. Building on Blockchain technology, your property ownership IS YOUR.

Next, NFTs can be easily traded, without fear of being banned. This is one of the key factors that will make the movement of assets based on NFTs more valuable in the future. For example, you have a picture. You want to transfer it to the US, or sell it to a person in France, you will have a lot of problems related to the law and travel. With NFTs, you only need 1 click to finish.

Ultimately, NFTs have an important factor that leads to the door to Tokenization - bringing everything to the Blockchain: Anti-tampering. With the unique nature of Blockchain, you will not have to fear that the items you trade are forged, if it has a separate NFT version.

With these values, NFTs have properties that are almost digital assets. For example, a cat in the virtual cat game CryptoKitties used to cost up to $ 170,000

•SuperRare?
SuperRare is a platform where artists create artwork that is paired with a token that is as unique as the artwork itself.
Crypto collectibles are about more than cartoon kitties. SuperRare uses the power of the Ethereum blockchain to make digital art rare–provably rare. In this article, we learn how their “social collecting” platform connects artists, collectors, and crypto in a new type of ecosystem.


What is SuperRare?
SuperRare is a platform where artists create artwork that is paired with a token that is as unique as the artwork itself.

Crypto collectibles are about more than cartoon kitties. SuperRare uses the power of the Ethereum blockchain to make digital art rare–provably rare. In this article, we learn how their “social collecting” platform connects artists, collectors, and crypto in a new type of ecosystem.

What is SuperRare?
In the world of collectibles, people want the real deal and they are willing to pay big money for it. And where you find big money, you will also find fraud, forgery, and general mischief. By using the Ethereum blockchain, the entire the history and origin of a piece of art can be tracked on a distributed ledger no one controls and anyone can access.

On the SuperRare platform, artists create a piece of art and tokenize it–meaning they link the art with a token. It’s not just any token, the new digital art is forever linked to a Non-Fungible Token (NFT). This special type of Ethereum token has the property of being as unique as the artwork itself.

Once the NFT is on SuperRare, it can be bought, sold, or even HODLed as a long term investment. Artists can either put their creation up for an auction-style bidding process or sell it for a set price. Once the NFT is sold to a buyer, it can then be resold at any price on a variety of NFT trading platforms.

Who Invented SuperRare?
SuperRare was founded in 2017 by John Crain, Charles Crain, and Johnathan Perkins–the CEO, CTO, and CPO. They are also the founders of Pixura, the company building the crypto collectible technology running SuperRare.

What’s so special about it?
SuperRare is a platform where digital art lovers can connect and collect–they call it “social collecting”. The idea behind SuperRare is the belief that collecting is inherently social so collectors and artists should be able to easily interact around their shared passion. On the platform, users can see who the top collectors and trending artists are, how many pieces they’ve bought or created, and how much ETH they’ve spent or accumulated. You can also view the art itself along with a description and its history of owners.

SuperRare has been able to achieve something rare in the crypto industry–real usage and activity. The network is among the top ten in weekly value traded for NFTs along with big names in the Ethereum dapp world like CryptoKitties and Gods Unchained.

The Future
In 2018, SuperRare presented at Christie’s Art + Technology blockchain summit and introduced the benefits of blockchain to collectors in the traditional art world. Last year, the project collaborated with DADA.art for an event at the Tate Modern museum in London – the first time art was created in a world-class museum then immediately made available for collectors across the world. If they continue this trend of working with highly established and respect art institutions, the social collecting network will go nowhere but up.

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as the bitcoin that had several years in the market and in the last four years has grown exponentially will happen the same with the nft Market as it is becoming increasingly popular and more common and people will use them more and soon will reach a very high level

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