How is Block Chain connected to NFTs ? Will NFTs change Art? Cryptography/Ethereum/Bitcoin Future of NFTs

How is Block Chain connected to NFTs?

Let’s come back to this book.

This is a special book this book has my highlights and my notes, and that is why there is only one kind of this If I would want to sell this book and you want to buy this book because let’s say I would want to sell this book and you want to buy this book because. Let’s say I would I will sell it I Rs.100. If you want to own this there have to be two ay prove that you own this.

This Book is one of a Kind

This book is physical But what if it was an image?

What if it was a movie clip? What if it was a poster? What if it was a song that how so you prove the ownership of that one unique piece?

It is by creating an NFT. That is how NFTs work digitally. There is a legit way of transferring the ownership of an item even physical items and in such a way that your ownership will always be on the record, it would be proven, and it can never be edited or deleted. Now when you present this idea, you are like “what is this rubbish? It’s just an image I can easily download from the internet. I have always been doing it right. But buddy here is a twist. There is an original and unique item Let’s say the original poster of “Sholay”

  

And now the digital form is available and the director or the film crew or whoever is the owner of the poster right now wants to sell it.

Crypto concepts parallel the technological elements of cloud, cybersecurity, source of truth, and decentralization that define how we bank, how we order food at our front door, and how we can log into our banks. However, NFTs are the latest manifestation of blockchain, which has predominantly emerged into mainstream consciousness with the waves of cryptographic token value and household names such as Ethereum and Bitcoin. As predicted, blockchain has found a more mainstream use again in NFTs beyond the cryptocurrency craze. Time will tell if NFTs are the lasting future of art, but the impact of cryptographic topics echoes loudly in the daily conversations of the world we are living in. 

These concepts are fundamental to how blockchain works and they provide tremendous value for artists trying to protect and monetize their art. However, the NFT market and the art it is delivering to the masses are not without faults. Art can become a form of currency as well, especially for shady characters trying to launder money. There are also many threats in the world of blockchain, many of them related to human intervention. We have seen entire crypto markets vanish, ICO scams, crypto wallet scams, and more. We are also seeing countries, rightly or wrongly, prohibit the use of cryptocurrency. Will that extend to NFTs or remain limited to currency? Hopefully and my plea is that they will figure out how to leave starving artists alone.

Will It Change Art?

For millennia, art has been a tangible thing, both immutable and unchanging. NFTs are a welcome introduction to the endless possibilities of art in a digital age. My principal concern is that the NFT markets themselves look to the blueprints of blockchain itself to secure the environment and exchange of NFT at large. It is critical to maintain zero trust, multi-factor authentication, continuous auditing, and maximum awareness to nurture this amazing new evolution. Hurrah for art!

NFTs generally low the risk we have for the original content. See how it works is in the age when we haven't phones we communicate physically. But with the innovation of the Telephone/cell, hone we start to know that we can talk by sitting at home. Technology has changed from that age. 
Nowadays you may have heard about Bitcoin and other crypto Currencies. These are also the form of money some of the corporations start to take instead of any commodities. so have to learn that By changes in time technology has changed a lot so does in the image. 

NFTs will be very popular in the upcoming future.

 When you buy that is driving the most fundamental human psychology element of scarcity whenever anything is scored then you wish to have it even more.

 

 Scare               ↑                                Demand       ↑ 

 

It is simply a way to prove to the world that you have something, which even if you replicate n number of items, you would never be the number of items, you would never be the rightful owner of it. I would ever say that the more the thing will be replicated in a non-ownership format the value of that true Unique item will increase even more because the more fakes are reproduced items will exist in the world the value of the original item will increase.

The more fakes higher will be the values of the original.

Now should you ride this NFT wave at all or not?

All people are thinking that NFTs are a great way to invest I feel that it is too early and too risky 9for 9% of the NFTs, SO I would not recommend that you go through the purpose of the journey of NFT investing. Having said that buying or selling NFT is something that you should experience once. It is a unique technology a new world.

NFTs which are incredibly made with uniqueness will be sold for millions.

If you find it very exciting to experience new technology, to get to know about it. then I would highly recommend that you should buy a cheap NFT or if you are an artist or a digital creator then try to sell an NFT, not for the money but just for the experience of it.

But most importantly, it is important to understand the concept, and the logic of NFT as said blockchain is going to change the world. Because now we have the mechanism through which we read record authenticity and ownership without any dispute. Imagine in the upcoming without any dispute over a house ao property. There is the ownership of a contract. There will be no dispute over the fact that you have a degree from this college it is a fake degree.

Both cryptocurrencies and NFTs use the blockchain network for ownership verification. However, unlike a cryptocurrency, an NFT can't be directly exchanged with another NFT. NFTs are sold but not traded like securities on digital exchanges. In contrast, cryptocurrencies can be traded like securities.

All of that will go away because new technology has a way through which we can 100% define ownership forever and

Every NFT built on the technology of blockchain is here to stay.