A New Hope for Creators – NFTs
In today’s time the creators are being provided the golden opportunity to monetize their own brands as well as connect with their fans in ways only the biggest of the rockstars in the world could enjoy till now.
In 2008 the music industry had experienced a huge crush like it had never before and that was music piracy through MP3 platforms such as Napster. Just to say that all the artists were losing a lot of money is barely scratching the surface. Even today the music industries have not fully recovered from the ill practice of illegal downloads.
Then came other heavy heaters like YouTube, Spotify and iTunes, which made accessibility a very convenient thing for all the fans, but in the process took away the value of creativity and scarcity.
Enter the creator economy of nft crypto art which has re-introduced the concept of scarcity in this realm providing the creators a brand new way to monetize right from their supporters namely in tokenized assets from music to gaming, art to photography and anything else that you can dream of. And this is the beauty of NFT and the reason why it is gaining such a global craze.