What are NFTs?
Non-fungible tokens (NFTs) are cryptographic assets on a blockchain that can be distinguished from one another by their d...
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I have friends that draw paintings, produce music pieces and write books
It's objectively true that they are underpaid given the work, talent and passion they put in their art, so more money would only be fair.
They don't understand crypto jargon though.
How can I explain to them how NFT help them to monetize their art?
Currently I don't see any benefit in tokenising your friends' art. The hype is gone, the market is down. But can NFTs be useful despite the market situation? Really expensive pieces of art seem to have been difficult in the past to be sold in fractions, so to say: selling shares of a specific piece of art. Some companies do exactly that, e.g. masterworks.com. They do it in a traditional way, without NFT, so you get to own shares of an SPV that owns the piece of art. I think NFTs offer a simpler regulatory construction to do the same.
What about books and music? Well... nothing really useful that I can think of. I must admit that I am very sceptic of DRM in general, because it lays too much power in the hands of the copyright owner.
Right now, think about uploading your artwork to any Web 2.0 site. Try posting it on a Web 3.0 platform like OpenSea or another one where you can sell your artwork digitally and profit from sales. Since your artwork is distinctive, many people will try to buy it, which will increase interest in the specific product. @jmfayard
I am highly skeptical of NFTs. That being said, I feel like the technology's greatest application would seem to be implementing the best version of a democratic voting system. Am I missing something here? Why is this never discussed?
Many videos on YouTube will help you create that atmosphere, so I hope it will help you further open up more doubts. As we consider voting to be a political agenda added to it, I guess we can discuss openly that it's all money in voting and the powerful government uses it to stay in power thus legitimate voting system through NFTS is not going to come, to be honest, they won't let it going to come... @milandry
Nicely explained great work bro
thanks bro
How do I buy an NFT? Hanuman mantra to get lost love back
Let me give you a summary. Since I'm assuming you're a beginner, you can go to OpenSea Marketplace, which is an easy-to-use NFT trading platform. Create an account there and connect it with your wallet (like Metamask, Phantom, etc.), and you can then easily buy any NFT through your wallet (make sure you have a sufficient amount of token currency). @amberhunt
nice work brother
THANKS @asy2203 Bhai
I don't see nft art finance in this guide. This is also an interesting aspect of nft. I highly recommend this post to those interested in: nftmonk.com/how-to-buy-nft-art-fin...