So how do NFTs work?
NFTs refer to blockchain-based digital tokens that are designed to function as representations of real-world or digital assets. An NFT cannot be duplicated since each token has identifying information that is completely unique. This is what makes it so attractive. Once you own it, it’s yours. There are several NFT exchanges in the art and photography space. In my view, the benefits are that a blockchain network can track orders, payments, accounts, production and much more. This means that for the artist, intellectual property is guaranteed. Furthermore, artists can now get full visibility because it records sales between parties in a transparent, verifiable and permanent manner.