I'll be honest here, I barely get the concept of this at all, but from what I've gathered regarding it all, it seems like you can own your own unique artwork with a non-replicable encoding that gives it its own fingerprint if you will, thus making it impossible to copy ---> but apparently people can just screenshot it and render it useless? There's some people saying it's not true and then some more, but I just don't think that I'm tech savvy enough to tell whether they're being legit about this or not. Moreover, I feel that the last time I heard something about ridiculously expensive / overpriced art works, either it had something to do with tax evasion or money laundering by the elites. So well, I dunno.
Can someone on here break this craziness down for the GAW audiences in laymen's terms? Would be much, MUCH appreciated! Cheers! And thank you! :)
NFT will be a new way of empowering content creators.
The old way of music studios, casting couches, and hollywood style of doing business is over.
NFTs allow artist to sell their content to a global market, directly to the viewers. It also has a royalty type function so if someone resells the “item”, the original content creator will receive a portion of the sale.
If mass adoption happens, the end user probably won’t even notice that they are using crypto NFT technology for whatever it’s applied too.