Traceability
One of the significant aspects determining many processes in our lives is how financial and economic systems work. Value and means of storing value have drastically changed over the last 20 years with the growth and market adoption of blockchain and cryptocurrencies. People have understood the importance of consensus based on transparency and traceability.
Digital creators have felt the effects of this shift throughout the last decades, mainly since a third-party provider managing the relationship between a buyer and a seller has always been present in most cases. Adding another layer to the relationship between digital content and a buyer must happen in a transparent context to facilitate the system's growth and trust - this was not possible until recently. However, the NFT technology is becoming the favourite method of enhancing this relationship where both parties are comfortable with the process, experience and outcome of buying or selling a digital asset.
Last modified 1yr ago