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The NFT market is on the rise: billions of dollars are invested in NFT art, games, and other projects. According to market rules, we may expect a serious downfall, which will make everything in place: NFT tokens and NFT projects that have no practical use and media support will lose their value. Therefore, the most pressing problem now is to find areas where NFTs are truly useful and add value. For example-it can be certification, contracting, selling physical goods, and legitimizing the usefulness of users to the community.
It is absolutely useful in art transactions: it provides an unquestionable provenance for an artwork, and it also enables the artist to determine the percentage of sales each time the artwork changes hands. Because music is also breakthrough—artists are not obliged to deal with market monopolists—they put their works on the NFT and trade them without an intermediary. Computer game developers and game players are using it to buy and sell characters and functions. NFT is useful for identification: various certificates, diplomas, passports, and even health history can be stored on the NFT, and it will be invincible-only you can share it with officials or your doctor.
The basic NFT is not complicated at all; therefore, it attracts inexperienced and uneducated community members. This has pros and cons: on the one hand there are many unfinished projects-on the other hand, you can find pearls in the garbage dump.
On the other hand, there are many shortcomings in using NFT, so far, many people have ignored these shortcomings. The most important thing is the storage problem. Storing your NFT on the blockchain is expensive, and the management of large amounts of data is not so smooth. As an alternative, more and more “NFT Paradise” users are paying attention to centralized and decentralized storage.
The first one is convenient, but you must rely on management and trust in their security and functionality. Decentralized storage is much cheaper than other methods.However, there are some scattered projects, such as Danny It provides a new type of decentralized storage that has been able to safely store any file, application or NFT. The solution stores all data in encrypted fragments, so only the owner can access their files. In the final analysis, users need to decide which storage method, which method to use, and which storage method is most convenient for them.
Post NFT is on the rise. Will autumn follow? First appeared in Bitcoin wire.
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