Page 9 - RECLAIM YOUR DIGITAL GOLD by Wayne Hinds - Chapter 12 (NFTs and Blockchain)

RECLAIM YOUR DIGITAL GOLD

Chapter Summary

The world of NFTs and Blockchain is extremely exciting
because it introduces many new ways and opportunities
to view and manage the world of digital art and the
thriving online creative industry.

Consider the advantages to creative rights, copyrights,
and digital ownership. Because of the lack of controls
over digital properties, these have come under attack in
the digital realm.

NFTs, on the other hand, will allow greater controls and
economic opportunities for the artist and creator. All of
this is made possible by data and artificial intelligence.
Although NFTs have a lot of potential, they also have a
lot of risks because of their early-stage adoption and a
lack of regulations, structure, and uniformity. However,
the future looks promising for the various applications
and opportunities presented by this new technology.

Digital GoldNuggets

♦ NFTs enable anyoneto obtain an original item
based on a contract stored on the blockchain.
As a result, the barriers to stealing, copying, or
producing fakes are removed.

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