Art and music are integral parts of our lives. We indulge more in creating, selling, and buying different kinds of artworks. With the invention and advancement of the internet and other technologies, a massive audience has been foraying into the art and music industry since the onset of the 21st century.
But on the other end, the artists and the creators faced the cons. Copyright issues and violation of their ownership were their troubles. Fascinating non-fungible tokens (NFTs) that emerged into the digital space have become the quick fix for the above problem.
NFTs are unique tokens that are built on blockchain. Any kind of art or asset encoded via a special predefined code program (smart contracts) onto the blockchain system will be converted into an NFT. The blockchain technology confers immutability, transparency, and decentralization to these digital assets. Hence, the proof of ownership of such digital assets are verifiable and are tamper-proof as they exist on blockchain.
Unique Sources Turning Into NFTs
Paintings to Art NFTs
The paintings and digital drawings can be converted to NFTs. Art NFTs are the significant and popular class of NFTs. A popular and one of the top-selling NFTs called the Bored Ape Yacht Club NFTs debuted in 2021. Creative caricatures on Apes with different traits and expressions were converted into NFTs.
Sound & Kinetic Energy of Racing Cars Into NFTs
Unbelievably, NFTs can be generated from any real-world source. This is evident from a rare kind of NFTs called Kinetica which are based on the sound and speed made by cars in racing laps at the Formula 1 Grand Prix Miami 2022.
COVID Certificates Into NFTs
The initiative of San Marino, a European country, deserves an applause. A year ago, the country’s healthcare industry came forward in generating digital COVID certificates in the form of NFTs. All the data and credentials are traced and stored on the blockchain.
