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Fans and NFT
NFT stands for non-fungible tokens, i.e., unique and non-interchangeable tokens. Copies are not allowed, and they are stored on the blockchain. The technology can apply to represent photos, videos, audio, and other types of digital files. Unlike ordinary digital files, NFT can prove that ownership and copyright are recorded on the blockchain. It makes fans easily collect digital items.
After all, people who buy the NFT are fans. NFT is a technology that demonstrates ownership of digital works. NFTs have applied to digital arts, collectibles, games, music, film, sports, fashions, and pornography, which have been difficult to prove ownership, of and have become tradable assets. People who trade NFTs are highly loyal. If CryptoPunks are the work of Crypto Fandom, then NBA Topshots result from longtime NBA fandom. Creators who know that fans' support leads to purchases have entered the NFT market faster than others. For fans, buying a limited edition is an expression of loyalty and, at the same time, joy of their own. Fans are the core of the NFT market.
Last modified 1yr ago