DiutoCoinNews Markets
NFT SPONSORED

NFTs and the Near Protocol Ecosystem

Share this:

Are you an artist that is into music, motion play or Art design? You might be among the above or working on becoming one. Well, we all know or experienced how hard artists went through for them to meet their right audience in society. Dealing with too many constraints and marketing challenges. 

But in this piece of article, you’ll find some good ways to make money and sell your Artwork to the right audience which not only came from your local society but from all over the World. This is simply via NON FUNGIBLE TOKENS AND MINTING ON THE NEAR ECOSYSTEM.

A non-Fungible Token (NFT) is a special type of cryptographic token that represents a unique digital asset on a digital ledger called Blockchain. Non Fungible Tokens are not interchangeable compared to Fungible tokens like bitcoins, Eth, utility tokens and fiat. Non Fungible Assets which can be represented by NFTs include artworks like photos, videos, audio and other digital files.

Read Also: Near Protocol: Empowering Nigerian Business Owners

Also collectables, certificates, houses and even vehicles plus many more. Non Fungible Tokens have been in existence for more than 6 years just that many people do not know how to use them. The first use case NFT is from the gaming industry, crypto collectable trading card games. The release and launch of CryptoPunks in 2017 by the American studio Larva Labs on the Ethereum blockchain made a profound impact on the creation of NFTs.

The following are Some use cases for NFTs:

Digital Arts which is one of the most use cases of NFTs, utilizing blockchain technology enable unique signature and ownership transfer of NFTs.Digital artwork entitled ‘‘Every day’s- The First 5000 Days’’ by Artist Beeple was sold for $69.3 million in 2021. Collectables like CryptoPunks and CryptoKitties, cards collection in digital forms. Games assets in the form of NFTs enable individual gamers to sell items between them. 

Music: NFTs were extremely influential to the music industry in the last year and present. This pushes another artist to explore the usage of NFTs. Blockchain technology has made it possible for musicians and artists to tokenize and publish their work as NFTs where they will monetize and profit. NFTs has generated around $25 million for the music industry in February 2021. Other use cases include Sports, Fashion, university research and real-world assets by tokenizing them in the form of NFTs. 

NEAR PROTOCOL 

NEAR is an open-source platform that accelerates the development of decentralized applications DApps. It is a decentralized application platform that is secure enough to manage high-value assets and performant enough to make them useful for everyday people. NEAR focus on providing solutions to the main problems of today’s blockchain — usability and scalability.

This uniqueness of NEAR protocol enables you to build any DApps in the Ecosystem. One of the examples of things you can build on NEAR is Non Fungible Tokens to represent unique assets. 

NEARProtocol has made the Ecosystem a haven that makes NFTs useful and Creates your digital assets backed by you in simple steps. You can Mint, Sell and even trade NFTs on your smart contacts. NEAR has also allocated some resources that could guide you towards creating those things I mentioned. Several DApps are there to make these possible on the NEAR Ecosystem.

Examples: Mintbase, Paras, NearPixel party, Nearfolio, Snark. Art, WebAssembly Music, Corgis, Meta Mom and so much more and are there on the NEAR Ecosystem for you to explore. 

This gives you the opportunities you are looking for as an artist to create and make your ideas, creativeness and showcase your talents to present them to the world, not by waiting for any middle party to stop you from reaching out to your golds. With this, I say You Being an artist is enough. Let NEAR do the rest for you.

For more information visit:

Near protocol official twitter handle 

Near protocol official telegram handle 

Near protocol official website 

PUBLISHED BY: NP KANO GUILD (Near protocol)

Copyright DiutoCoinNews

All rights reserved. This material and any other digital content on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from  DiutoCoinNews.

LEAVE A RESPONSE

Your email address will not be published. Required fields are marked *

Diutocoinnews Admin. Send all publications to info@diutocoinnews.com.ng