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NFT Facts, Myths and Trends in a Digital World (2021)

The jury is still out on whether NFTs will turn out to be a winning trend or just a fad- as we are talking about ‘owning’ digital assets that anyone else can view for free! Nevertheless, the uses of NFTs are diverse – they can represent digital files such as music, video, creative art, digital assets, and so much more. While the digital files themselves are infinitely reproducible, the NFTs representing them are tracked on their underlying blockchains and provide buyers with proof of ownership.
There is definitely a paradigm shift happening as we deal with alternate, augmented reality, replete with digital assets, blockchain, cryptocurrency and a group of savvy buyers in the marketplace.