How does scribbles NFT differ from other digital assets?
Mustafa AllamMay 08, 2022 · 3 years ago3 answers
What are the key differences between scribbles NFT and other digital assets?
3 answers
- May 08, 2022 · 3 years agoScribbles NFTs are unique digital assets that are stored on the blockchain. Unlike other digital assets, such as cryptocurrencies, which can be replicated or divided into smaller units, each scribbles NFT is one-of-a-kind and cannot be duplicated. This uniqueness gives scribbles NFTs their value and scarcity in the digital art market.
- May 08, 2022 · 3 years agoScribbles NFTs offer a new way for artists to monetize their digital creations. By tokenizing their artwork as NFTs, artists can sell them directly to collectors without the need for intermediaries. This provides artists with more control over their work and allows them to earn royalties from future sales.
- May 08, 2022 · 3 years agoIn comparison to other digital assets, scribbles NFTs have gained popularity due to their ability to represent ownership and provenance. The blockchain technology behind NFTs ensures that the ownership of a scribbles NFT can be easily verified and traced back to the original creator. This transparency and authenticity are highly valued in the art world.
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