First, blockchain has become the basis for creating crypto on digital space. Then there were substitutes of securities called tokens, and the next logical step was the digitalization of other goods of the real world.
Each of us have a huge number of digital things like photos, videos and documents stored on cloud, as well as game items. But we do not own them in real life. Nothing awful would happen if it is just a photo on your Inst, a photo the copy of which Facebook may delete at its discretion but what if it is a piece of digital art?
Non-interchangeable tokens (NFT) assign the ownership of digital goods. The issue of copyright and copies still haven`t been solved. And the problems of regulation and the secondary market also haven`t been solved yet. NFT is just a technical step but it moves towards settling these issues.
So far, NFT is just a sort of label that stores a link to any product. If you have a token, you own the product that is described in it, and the artists were the first to appreciate the technology after the game developers.
The only insurmountable problem for representatives of spheres far from blockchain, creative personalities, including entrepreneurs, was the difficulty of creating their own token with subsequent management and ownership. Existing platforms are difficult for the average user who wants to spend his time creating art objects, rather than studying the instructions for creating NFT.
Russian artist, NFT artist and author of contemporary art exhibitions Stanislav Dasyukevich shared his first experience of creating NFT:
“Artists have never liked to deal with bureaucracy. Technology came, and for a second it seemed that everything would become easier, but … Creating my first NFT, I spent two days and more than 10 thousand rubles on all commissions in Ethereum. By the way, the first tortured NFT picture never sold. It was very difficult to deal with the new phenomenon, especially with highly specialized terms in English. Even knowing English, I gave up this idea several times. The second is commissions. Young aspiring authors simply cannot afford to create an NFT due to high commissions. If it weren’t for platforms like DecimalChain, I would have returned to the digital format much later, if I had returned at all.
The Russian language and a simple intuitive interface solved all the problems, and I spent no more than two thousand rubles on fees in Decimal”.
Many artists and authors of digital content have already appreciated the blockchain and the Decimal token constructor. On March 31, at the Art Russia Fair 2022 digital art fair, the blockchain will be presented as a partner of the FEDINI Gallery, which digitized the paintings of its authors on DecimalChain. NFT copies of the physical works of the gallery’s authors will act as a certificate of authenticity. Some of the works will be displayed exclusively in digital format on the marketplace. https://nft.bit.team/shop-info/1079?FediniGallery (link to sew)
While some complain that NFT has not solved the existing problems of the art market, others are creating application cases and mastering the technology as a new tool for development and promotion.