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23 June 2021

How NFTs are creating a patronage economy for creators and collectors

How NFTs are creating a patronage economy for creators and collectors


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On the other hand, artists can prove the ownership of their artwork.

It could be a plane ticket, signature of a celebrity, digital painting, in-game items, Monalisa, your time, or any valuable item that someone is willing to buy for a specific price.

After integration, users can put their items for auction or sell them directly.

Now that we know NFTs are indistinguishable and unique, let’s find out their use cases.

However, with the advent of NFTs, artists can prove the ownership of their artwork and earn money from it.

The growing interest in NFTs brought in several marketplaces that digital creators can use to sell their work.

Owned by the famous Winklevoss brothers, Nifty allows artists to upload their artwork to Nifty Gateway Omnibus Wallet using the MetaMask wallet.

NFTs no longer just have a digital connotation, they also represent a unique piece of luxury lifestyle product.

Moreover, with NFTs, companies or creators no longer have to worry about the copy of the luxury products because users will always be able to verify their authenticity and ownership.

NFTs represent a unique case for collectibles as they allow users to verify the ownership and uniqueness of an item.

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