Along with the explanation that defines non-fungible assets, one of the main aspects that differentiates an NFT from any other digital file present on the Internet is that it is associated with a code similar to that carried by cryptocurrencies. That is, they are associated with a unique code that is responsible for certifying the person who acquires it as the owner.
So, although any user of the network can see or listen to that NFT, only the person who has paid for that file owns it and, therefore, the only one who can sell it in the future. Thus, each NFT has a certificate of authenticity where its initial value and all the economic transactions that have been made with it are recorded. This would be something like the record that works of art keep to understand the journey they follow throughout their history.
Paradigm shift within digital art
So what is the reason why there are users who have paid up to 260,000 euros for a digital drawing of a rock? Technology experts believe that it is because NFTs are the beginning of a paradigm shift within bc data digital art. Those users who buy NFT Tokens for stratospheric figures do so because they expect that in a few years their value will multiply exponentially, being able to more than recover the initial investment . It is expected that an NFT purchased in 2021 will be in the future like the first edition of Don Quixote or the first model of the Beatles, a unique asset linked to art and whose value is multiplied due to the context that surrounds it.
NFT, a business of the future
When thinking about the future of art, and more specifically digital art, experts point out that NFTs will play an active role in this new revolution . Firstly, because these non-fungible tokens have been created within a system designed to be able to do business with them.
That is, when a user acquires an NFT, they receive a certificate of authenticity and can often only pay through ETH or, in other words, a blockchain platform that uses open source to close any type of contract.
This is a new form of art that is born, marketed and consolidated within an exclusively digital environment where more and more artists of this type are emerging. There are digital auction houses, artists who sell their works for hundreds of thousands of dollars and users of the generation Z and millennials who find great potential in this type of goods.