Billionaire, owner of the sports team Dallas Mavericks and the newly-made fan cryptocurrency Mark Kububan joins the new popular trend of the industry - digital art and unique NFT-tokens. Over the past few weeks, trading volumes in such transactions have increased dramatically, and the topic itself came out far beyond the limits of the cryptocurrency community. Kubeba began to actively promote unique digital products at the NBA Top Shot, Rarible, Mintable and OpenSea sites. We tell about what is happening more.
For a start, a small explanation. NICH NFT-Token really became popular even among people who are not familiar with the features of the cryptocurrency industry. This was contributed to celebrities, holding their own work, and distinctive features of the blockchain.
Recall the blockchain network is immutable and transparent. Accordingly, anyone can make sure that a certain person is a full-fledged owner of a particular work. And since the work is associated with a unique token, it is impossible to fake. It insures buyers from possible problems and creates a wide space for transactions.
We disassembled in detail this topic in a separate material. There are examples of work for which collectors have laid out huge money. We recommend reading for understanding almost the main trend of Niche at the moment.
Advantages of blockchain art
Cuban shared a story about a basketball card with John Brixer, who was a player of the Pittsburgh Condors sports club in the 70s. Then he left the basketball league and became a mercenary in Uganda, where he was missing in 1978.
The billionaire admitted that the fact of ownership of the card delivers the "greater joy" collector. Here is his replica in which he shared attitudes to what is happening. The statement brings Decrypt.
If Cubiban wanted to sell this card, he would have passed through a long and imperative process: an assessment of the subject with a professional collector, confirmation of its value, packaging, sending to the buyer and receiving the payment. But if the photo of John Bricker was performed in a digital version with a concomitant unique token, this whole process would simplify several times.
That is, this is the reason for the popularity of NFT-tokens and digital art. Anyone can get in her property a unique subject that will be all among several people in the world - or at all of him. In addition, everyone will know about this, and with the proof of the right of ownership if any problems will arise.
According to Mark, collectors are already aware that their collections do not even need to be in physical embodiment. The very fact of ownership of something unique in digital space makes collecting valuable. Anyway, the creator of that very card with John Brixer does not receive any profit from it, but the creators of NFT on the blockchain can earn almost on each transaction with their digital object. That is why the NFT concept can lead to a whole revolution in the field of art and collectibles.
At the same time, the NFT sphere may not please the Yaryt Popper Privacy. If you share the address of your wallet with unique tokens on the Internet, anyone who wishes with the knowledge of the basic principles of the blockchain can see the cost of all your assets on this wallet. However, this fact itself does not care so much - he believes that in full transparency and decentralization, the essence of the blockchas is just laid.
In addition, he already accidentally revealed his wallet, so its contents and so everyone knows everything.
We believe that the point of view of the brand Kubana is correct, and the use of blockchas and NFT-tokens will really change the collectible industry. Now users will be able to trade even the most non-obvious things - according to the diameters of monkeys in low resolution - and for big money. And since these works are unique, the turnover of the niche will clearly increase. This once again proves that Niche blockchain is at the very beginning of its development, and the use of technology is only to be determined.
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