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What Is Our Motivation Here?
Elite NFTs
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We offer digital products (traditional and NFTs) that are designed to expand the idea of global citizenry, cultural inclusion, and artist recognition, empowerment and solvency.
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Ownership of Digital ArtThis site's NFT art comes with royalties to the artist, meaning every time the artwork is sold, the artist can receive up to10% of all future sales. The Blockchain is a digital transaction system that records information in a way that makes it very difficult to hack or scam, which means it’s extremely useful for tracking copyright ownership and maintaining records of creation. Theoretically, any digital masterpiece you create and mint will lead solely to the creator. Ultimately, this process should allow artists to gain formal recognition for their work.
A person who buys an NFT cannot legally edit the digital asset and redistribute the work, even though they paid for it. They can display the work on social media, or they can transfer the NFT to another entity through resale if they choose, but they cannot reproduce any additional verified copies for a profit. The attorneys note that there isn’t much difference between purchasing an NFT and buying a song from the iTunes music store — with the exception that the NFT is traceable to the artist via the blockchain. Music from an iTunes store might have metadata that would allow for similar traceability, but it wouldn’t be as intuitive as linking it via the blockchain. |
What is an NFT?An NFT is a digital asset that exists completely in the digital universe—you can’t touch it, but you can own it. An NFT can be any type of digital file: an artwork, an article, music or even an animated eCard.
NFT stands for ‘Non Fungible Token’, but what does that mean? Well, it helps to first understand what a ‘Fungible Token’ is. If we think of it in terms of money: a 100 dollar bill can be swapped for five 20 dollar bills and still hold the same value, which means a 100 dollar bill is a fungible token. A Non Fungible Token cannot be swapped for any equivalent value. It also means that, like any investment, its value can increase or decrease in the future depending on the circumstances. |
The Global Reach of NFTsPreviously, the exclusive, illustrious world of art collecting and selling has been something that’s generally happened in physical spaces concerning physical artworks. Designers and artists made money from real world events like exhibitions and markets until recent world events meant that many of these avenues were stopped.
The rise of NFT trading means that art collecting has been able to move online, opening it up to many artists, on a global scale, who may not have previously had the chance to sell their work to buyers. |
