Best Utility NFTs

1. How NFTs Will Revolutionize the World

2. • According to Google Trends data, the search volume on Google for the keyword NFT is equivalent to 25% of the highest volume reported during the last 12 months for the keyword ‘Bitcoin'. This is why artists, singers and even painters have decided to migrate their creations to the world of NFTs after knowing all the benefits that this implies. • In short, an NFT (or non-fungible token) is an asset whose main qualities are that it is unique and unrepeatable. To convert a work of art into a non-fungible token, the following variables must be taken into account:

3. • First of all, in the case of a physical painting or photograph, the artist is recommended to digitize it with a good quality scanner, which can be obtained from printers or specialized printing companies. All to obtain a digital copy with excellent quality. If the piece of art is a sculpture, the authors can opt for a 3D scanner to create their digital replicas of the work. • On the other hand, once the art is digitized, the artist can do the retouching to correct the needed details after the scanning process. At that time, the author must declare his work as unique and can do so with both physical and digital pieces. In expressing both, he will have the possibility of offering the pack or selling both separately.

4. • The other option that the author has is to declare the digital work and destroy the physical one so that it is a unique piece. On the other hand, the author can also destroy the physical piece, record the process and then sell it in combo with digital art to guarantee the originality and exclusivity of the work. • NFTs (Non-Fungible Tokens) are intangible assets that are not consumed with their use but are unique. Therefore it is irreplaceable, and it represents a monetary value. But let's go in parts. A banknote is a replaceable good, which can be exchanged for other identical banknotes or for several that add up to an equivalent value. On the contrary, a piece of art is a unique object that cannot be replaced by another and represents a monetary value.

5. What is the function of NFTs? • An NFT is a digital asset validated by a shielded digital contract that guarantees its ownership and authenticity. Best Utility NFTs take digital work to the next level, helping developers, artists or anyone on the internet to monetize their digital assets and giving buyers the certainty that the piece belongs to them. • The commercialization of NFT generated more than 3,000 million, and this figure is expected to increase with the arrival of the Metaverse and the development of Virtual Reality technologies.

6. NFT use cases These tokens are based on a type of technology that provides them with certain characteristics. “In general terms, you could say there is only one type of NFT. It is used to represent a digital work, a painting or a house. But from a technological point of view,NFTs in google walletcould differentiate NFTs based on the blockchain network where they have been issued, with Ethereum, Polygon or Tezosbeing some of the main networks where this type of crypto active is being issued”, points out the professor.

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