Lens1000
VIP Contributor
The non-fungible token is a phenomenon in the cryptocurrency space and it uses goes beyond digital art because they have a great potential impact in various industries as well.
It is definitely a groundbreaking innovation in the digital space, creating digital ownership and this has allowed numerous creators to be able to make money from their unique assets.
The exciting aspect of the non-fungible token is in its ability to enable new revenue streams for creators . The creators are able to generate decent amount of money through loyalties and secondary market sales. It is interesting to know that smart contract is embedded in nfts and this indicate that it is going to automatically distributes royalties to creators whenever their tokens have been traded.
It is definitely a groundbreaking innovation in the digital space, creating digital ownership and this has allowed numerous creators to be able to make money from their unique assets.
The exciting aspect of the non-fungible token is in its ability to enable new revenue streams for creators . The creators are able to generate decent amount of money through loyalties and secondary market sales. It is interesting to know that smart contract is embedded in nfts and this indicate that it is going to automatically distributes royalties to creators whenever their tokens have been traded.