True Values of NFT Art By DigiCol

DigiCol explained true values of NFT, what makes it so popular & why is it a golden opportunity for artists and collectors to profit.

NFTs (non-fungible tokens) have been widely discussed in the mainstream media in 2021. They are essentially unique digital items certified on blockchain. “Non-fungible” means that these items are special, cannot be interchanged, and cannot be replaced. And the term “token”? Don’t let it confuse you. NFTs are drastically different than traditional cryptocurrency like Bitcoin. They are not literally crypto-token or means of exchange, but rather represents the item, assets or commodity on the blockchain. Given the escalating demand in NFT, let’s discover the true value of NFT art — what makes it popular in such a short time!

Visual Enjoyment

NFT provides a breakthrough in contemporary visual art and culture. Unlike blockchain applications that require an understanding of their ledger-based nature, NFT art carries a visual aspect that is meant for pure enjoyment, or induces a snarky chuckle, or gives owners the bragging rights for owning a desirable, of-the-moment collectible.

Cultural Connection

NFT art provides values for a subset of art collectors and many newcomers in the cultural sense. We were all blinded by the fact that tech is all about gig work, or moving products from warehouses, or making efficient cars that don’t burn fossil fuels. But that’s not the case. Tech is also about opening up new ways to connect with new people and new ideas — and maybe even be exposed to experiences that we couldn’t have imagined yesterday. That’s what NFT is able to achieve — it connects people, countries, and cultures.

Profitable Investment

NFTs have proven to be a profitable form of investment since they create a medium whereby physical objects like artworks can be tokenized, thus eliminating the duplication of such artwork and limiting ownership to the artist. This in turn creates scarcity for the artwork and hence, value for it. Many collectors understand the technology behind NFT, and therefore buy them in early stage for investment purposes.

Final Words — A New Language for Contemporary Art

The concepts that underpin NFT art are complex, and still alien to many. This is a market with its own currencies and its own lexicon. NFT, blockchains, cryptocurrency, Ethereum — these are words from a whole new world. With the widespread adoption of social media, however, we believe NFT will be the next language for contemporary art. It is a golden opportunity for artists and collectors to profit, and whoever gets into the market earlier, whoever profits more, financially and culturally speaking.

What is DigiCol?

DigiCol aims to offer one-click NFT creation with no coding required, which lowers the entry barrier for normal users. Users can create their own digital collectibles and earn rewards ($DGCL) by launching them into a liquid NFT marketplace. It also enables NFT owners to unlock liquidity in ETH, USDT, or DGCL by locking their NFTs as collateral.

📰 INFO:

https://medium.com/digicol/true-values-of-nft-art-5f06a4344d2e