What are the importance of the non-fungible token for creators?

[Lens1000]

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.

 

[Suba]

In my opinion, NFTs are art so there is no definite market price, the price is determined by the hype and fame and NFTs, some people who like NFTs will pay a high price. NFTs can also be photos, unique images, videos, tickets etc. NFTs are also very easy to create, but only people who have an artistic soul will be able to create high quality NFTs. There are many benefits to NFTs for creators, apart from being a hobby, it can also be used as a new source of income, they can also join communities so they can network, share the same vision and mission, passions, etc.