NFTs are considered essential elements for the digital economy of the future; in 2021, the boom that these bitcoin trade elements acquired was high, and artists from all over the world were interested. Many even obtained millionaire profits through them.
CRYPTOCURRENCIES may have generated distrust, but unfortunately, non-fungible tokens have not been left behind; only when digital artists enter the NFT environment do they realize their characteristics.
Perhaps, there are many ways to commit fraud in all aspects of life since these digital tools do not escape taking this risk.
What are NFTs?
Emitting an understandable concept to a society that is often reluctant to change is complex but not impossible, so a simple definition of NFTs could be as follows:
“Their acronyms indicate that they are non-fungible tokens. In simpler words, they are original digital assets that do not have replicas and cannot be exchanged with each other for this characteristic.”
The technology on which they are developed is that of Ethereum intelligent contracts guaranteeing their users the authenticity of digital works of art and, in a way, the copyright.
When we refer to the fact that NFTS cannot be substituted, they cannot be exchanged as digital currencies do, which have equivalents to their value and can be exchanged there by anyone.
NFTs have become popular and of incredible value; more than 50 million dollars have been paid for digital work in the form of NFTs.
It may seem impossible and incredible for many. Still, technology indeed took over many aspects of daily life, and art would not be left out.
The possibility of converting any file into NFT is infinite and their valuation since will be the users themselves and the artists. They, in consensus, will manage to give value to these new digital assets.
Authenticity cannot be truncated.
It may be that people who usually have bad intentions are waiting to be able to take advantage of the slightest carelessness and operate fraudulently.
It has been the case that they have tried to duplicate or falsify recognized digital works of art. Still, they have lost in the attempt since if there is one thing NFTs have, they are safe, and their authenticity code benefits the seller and the buyer.
That is why some people try to use graphic design applications such as PhotoShop to edit and somehow truncate an NFT and be able to benefit by harming its author.
Just as in the blockchain, operations with cryptocurrencies are encrypted; the same thing happens when a digital work of art originates, it is guaranteed that no two are the same.
To avoid misunderstandings, PhotoShop joins the NFTs
One of the most recognized and used image design and editing tools worldwide has confirmed that it has joined two of the most recognized platforms concerning NFTs. They are none other than Open Sea and Raible.
This new platform joins the NFTs and creates for artists the option of being able to sign their digital works of art directly from their electronic wallets, which is impressive.
This tool, made available to the creators of NFT, will make it easier for users to verify that the works of art genuinely belong to the author or the person who sells them, avoiding fraud at all costs.
Although the company had been behind this idea for several years, it was finally able to offer users a safe way so that no one can carry out any illicit activity with their work; technology covers more and more areas.
Adobe creators have shown a very positive attitude towards the technology offered by NFTs and the benefits to artists from anywhere in the world, managing to interconnect their works with anyone without the need to exhibit them in a traditional art gallery.
Conclusion
NFTs are causing a stir in the design and entertainment sector, with more and more celebrities, business people, artists, and athletes joining this new way of generating income.
In the end, profitability is available to everyone; just like technology, everything depends on the disposition and attitude towards these advances and the impact they will generate in users’ lives.
We must adapt that cryptography and blockchain came to be part of the not too distant future.