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• It is secure due to the fact that it's protected by a network that keeps hackers at bay, each usage of the blockchain is recorded and cannot be changed or deleted.
• Transparency means that it's open to the public, so anybody may see what's within. Thousands of robots and people are able to continually monitor and analyze the data, allowing them to spot patterns. As a result, the origin of cryptocurrencies and NFT transactions may be verified by anybody.
• Decentralized indicates that many people are involved, hence there is no censorship. As a result, no one can alter or halt the blockchain.

Why Use Blockchain Technology

Some of the Benefits of NFTs

• Compared to conventional art, NFTs allow you to sell your work whenever you want. Communication amongst collectors through networks and dispute groups has strengthened their bonds. Collectors who are drawn to an NFT collection for reasons such as its ideals, mission, or even its aesthetics find it easier to form bonds with one another.
• Another important benefit of NFTs is their accessibility. We may become collectors in a matter of minutes, rather than having to visit a gallery and deal with all the hurdles that imply. Many individuals avoid the art world because they are intimidated by meeting a gallery owner, are too far away, or don't understand the art business. Art remains out of reach for many people today due to these obstacles. Teenagers no longer have to be afraid to purchase the art they admire because of NFTs.
• Using the Blockchain, the NFT's originator may access the collectors' addresses directly. As a result, Discord is often used to facilitate communication between artists and collectors. The first collector who has faith in an artist may also be offered further work.
• The lack of a middleman is a distinct benefit for artists. Galleries and huge auction houses are no longer necessary for their survival. NFTs allow sellers to choose their own prices and profit margins, while in the conventional market, only around 50% of the sale proceeds go to the seller. In order to earn more money, the NFT inventor might charge a commission on each sale of NFT.

NFT is Recorded on the Blockchain

The NFTs of Unique Digital Assets

Creating a Leading NFT Marketplace in Cambridge