Blockchain and cryptocurrency are versatile technologies that have several use cases, and the technologies keep paving the way for more. Interestingly, both technologies can be integrated into different business models and used in almost any industry and sector. The default decentralization of blockchain technology as well as its amazing features makes it an interesting technology to adopt. Sectors like banking, finance, agriculture, transportation, logistics, medicine, etc. have begun to use these technologies. Artists and content creators are not left out of the scramble for blockchain and cryptocurrency integration, because it is beneficial.
Non-Fungible Tokens (NFTs)
Non-fungible tokens (NFTs) are digital identifiers that are used for the confirmation of the authenticity of a digital collectible. The details of the digital collectible get transformed into data that is stored on the blockchain network. Unique tokens get created for the collectibles. However, minting NFTs can be a really expensive venture, and that is due to the exorbitant fees charged by marketplaces.
There are several NFT platforms where artists can get their works added to get recognition and generate funds. However, there are clear indications that most of the platforms make it very difficult for artists and content creators. The platforms are not only expensive, but censor the works of many artists, and do not really represent the community.
Back in 2020 when we had the Covid-19 pandemic and lockdowns to deal with, the art industry suffered a blow. Art festivals could not hold, galleries and museums were closed, and do not forget the restrictions on air travel. It was indeed a terrible year for many, and everyone is still recovering from the blow. Interestingly, a group of people decided to make life easier for artists and graphical content creators.
These people are responsible for creating an NFT project that is community-based and community-backed. The people include artists, designers, photographers, developers, engineers, programmers, marketers, and project handlers from different parts of the world. They decided to create a platform for artists and content creators to earn revenue even with the pandemic.
The project called ‘Unique.One’ makes it easy for everyone that has something artistic to offer.
Buyers looking to get artwork pay a 1% transaction fee, while artists are not required to pay any fees. When a creator sells an artwork, they get the full amount attached to the sale of the artwork. There are no agents or 3rd parties to deal with.
Unique.One has gone into partnership with IRL Art, and it will serve as a link between physical art and digital art. The partnership also seeks to create a bond between blockchain and artists.
The NFT project has some amazing plans for the future, including the creation of more communities and projects. Unique.One intends to make it possible for content creators to auction their content from music, gaming, videos, and photography. There is also a plan to help photographers by incentivizing them and their works.
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