NFTs or Non fungible tokens are literally taking the world by storm and here’s why. But first some context, NFT’s are made up of block chain technology which is a more recent phenomena. Blockchain technology is a ledger of information that is nearly impossible to change or alter. This is important to note because in the case of a NFT it provides legitimate ownership of a digital piece and and also gives credit to the creator of the piece. And forever they are on record as creator and owner. Beeple is a digital artist that recently sold a NFT piece for over 60 million dollars. So why write about NFTs ? Well in the last three weeks I have seen more than digital artist get in on the gold rush, I have seen music artist get in on it as well. Elon Musk has a edm song about NFTs that he is auctioning off as an NFT. Mick Jenkins is one artist that has dove into the trend as well and is currently releasing a song/visual for his NFT. If an artist auctions of a NFT piece the artist can set a royalty percentage I think its like 15-30 percent and every time the NFT switches hands from owner to owner they get a portion of that royalty. To come to a conclusion if you have time defiantly research NFTs and what they are and what they can do. I really think this is the future of music and art as a whole because big corporate giants like the NBA and taco bell are also getting in on the gold rush so this is where I end thank you for reading and thank you guys for bringing me on !
