Three reasons why NFT is the next evolution of art collection

How NFT works

NFT Art Collection

Cryptopunks NFT artwork
Figure 1: CryptoPunks NFT artwork
Cai Guoqiang’s “Momentary Eternity -The Detonation of 101 Gunpowder Paintings”
Figure 2: Cai Guoqiang’s “Momentary Eternity —The Detonation of 101 Gunpowder Paintings”

1. Transparency of data

2. Distribution of profit

3. Low barriers to entry

NFT artworks on OpenSea
Figure 3: NFT artworks on OpenSea

--

--

--

Matters Lab was established in 2018, with the mission to create a freer and fairer creator ecosystem through the next evolution of the Internet, Web3.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Seq @CryptoSec on AVAX Avalanche

Celestia

Tom Bollich On The Inherent Game Mechanics of Blockchain And How Storm Is Poised To Disrupt the…

KYVE integrates with Stacks, a layer 1 smart contract built on bitcoin.

IQ Protocol Welcomes KridaFans

Everything you need to know about CoinShopp’s contract

河里宅预售时间表

Architecting a SaaS enabled Edge: Governance, the missing piece of the puzzle

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Matters Lab

Matters Lab

Matters Lab was established in 2018, with the mission to create a freer and fairer creator ecosystem through the next evolution of the Internet, Web3.

More from Medium

The Wrapped Companion’s

Bushidos Roadmap + Updates

Realm Runway Location Partner | LUME Studios

Participate-to-Create: Music NFTs for the Creator Economy