HOW DOES NFT HAVE AN IMPACT BEYOND DIGITAL ART?

NFT digital art services in INDIA, NFT art services, NFT art creators, NFT digital art services

The value of the NFT market is constantly growing, turning it into a powerful industry that already goes way beyond the digital art segment.

However, there is still much confusion about the concept of NFT and the NFT digital art services. While some people may still look at NFTs as a temporary hype in the digital art market that will fade away with time, tokenization is widely used as a means of investment in real estate the stock market, and many other fields.

Let`s take a closer look at the current and potential impact of NFT that goes way beyond digital art together with experts in NFT art creators from Prayan Animation.

NFTs, take a step ahead.

If you think about it, tokenization is not a new concept. We have been using tokens for decades in amusement parks, arcade playparks, food chains, etc. That is why it would be a mistake to consider NFT a purely digital art concept. The main difference is that, like everything else back in the day, tokens were analog and physical, while today, they are digitalized.

Indeed, the concept of tokenization has instantly boomed in the digital art market, creating a prosperous market of NFT digital art services in India and other countries. However, soon enough, people realized its potential to give an owner access to rights and documentation for all types of assets, from digital art to intellectual property like songs and inventions, real estate, vehicles, etc.

One of the biggest advantages of NFT digital art services is that created that way that a piece of digital art will automatically bring a percentage from every sale to the original author. 

In other words, NFT has become a kind of asset that can continue bringing profit even after being resold multiple times and can help an investor diversify their portfolio. It is not about digital art only but can also give you access to the stock market, real estate, and all sorts of ownership on accessible scales.

The various impacts of NFT

The nature and principles of NFT art services allow for minimizing risks of fraud and identity or ownership arguments in the digital art market as well as any other field it is applied.

It is one of the biggest social impacts of NFT, which has a bright perspective for the future. At the same time, NFT art creators claim that their services can help to revolutionize other archaic and unwieldy fields such as national documentation, medical and academic records, passports, etc.

While today all those essential documents can easily be lost or destroyed whether they are issued on paper or digitalized, NFT digital art services can assist in the creation of a steady and secure system that will spread to every field that requires reliable and instant data storage and transfer, preservation of historical and cultural heritage and much more.

Final thoughts

NFTs are the true future of the digital art trade as it helps the industry discover new horizons. NFT digital art services allow people and organizations to secure their identity and ownership and create global networks and communities.

NFT digital art services in India provided by Prayan Animation have the potential to impact everything we own, turning every possession and even piece of information into a valuable asset.

Do you want to know more about NFT digital art services and how you and your business can benefit the most? Contact Prayan Animation today and discover the endless opportunities of ownership, trade, and legacy transferring with India`s best NFT art creators.  

The revolutionary rise of NFTs in the Digital Art world

NFTs rise in digital 2d & 3d animation world

Art takes many forms, and today we can say for sure that we live in the era of digital art. However, this progressive concept has faced many challenges and concerns. Protection of faith and uniqueness were probably the main ones. NFTs (Nonfungible Tokens) are aimed to solve those critical issues. Nonetheless, the concept of NFTs also raises questions.

In this article, we shall talk about Non-Fungible Token challenges and how the concept of NFT challenges the art market changing it forever.

The traditional animation in the new era of digitalization.

Non-Fungible Token challenges and solutions

The biggest NFT problem in art sales is the fact that NFTs constantly merit and demerit in the digital art world. In other words, investing in an NFT today, you can never be sure of its future value. 

It happens because the valuation of NFTs is mostly driven by speculation rather than objective criteria. For example, if the $1 bill will always be a $1 bill regardless of its serial number, issue date, etc., NFT challenges the art market does not have enough physical data behind it, except for the name of the artist and previous ownership, that would establish the price frame.

At the same time, this NFT problem in art sales is also the thing that makes it so attractive. NFTs are unique; they cannot be copied or replaced by another token, unlike most physical and digital art pieces.

At the same time, scams and frauds still remain among Non-Fungible Token challenges. Despite the Blockchain and its concept, NFTs can theoretically be hacked and stolen. It looks like the biggest NFT problem in art sales.

At the same time, Non-Fungible Token challenges also serve as the biggest stimulus for the establishment and development of the digital art trade. It encourages new solutions and approaches to digital security, which will instantly boost the cryptocurrency market and related concepts.

Why are NFTs so hyped in current trends?

Despite all the NFT challenges for the art market, it is an insanely hyped concept. First of all, that is because NFTs give the buyer the status of being an official owner of something truly unique, irreplaceable, and eternal. A kind of digital vanity, if you will.

Moreover, the NFT owner can program the token`s royalties in future data and receive a percentage from every future sale. 

In other words, NFTs revolutionize art sales, making them a wider form of investment, creating a new prosperous market.

Just like with any investment and art trade, NFTs have endless possibilities as well as certain pitfalls that may raise reasonable concerns. However, we should remember that NFT challenges the art market, helps it develop, attracts new investors, and introduces them to new lucrative perspectives. It is a new concept that is now growing from an underdog of art sales to one of its leaders.

Prayan Animation – the leading animation studio in India, is known worldwide for its readiness to work with the most innovative concepts to create trends instead of following them blindly. The NFT problem in art sales has inspired the studio to explore this cutting-edge idea and find new applications of Non-Fungible Tokens to help their clients get ahead of their competitors.

Contact Prayan Animation today and learn about the opportunities of NFTs in today`s world and how can you or your business benefit from this exciting opportunity.

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