NFTs, the last Coca-Cola in the desert...
Some time ago, the hot topic behind every meeting table was probably the Bitcoin. It was said that possibly if you bought (it's worth noting that this is very different from investing) the cryptocurrency you could generate unimagined wealth. Today, the conversations have started to evolve; from understanding what is really behind the whole cryptocurrency world and the evolution that comes hand in hand with this technological revolution.
In this sense, many of us have begun to understand and appreciate that behind cryptocurrencies, there is a technology that has come to change the world in different facets. We refer to Blockchain technology; which to summarize it very briefly and simply we can say that it is the ledger where each of the operations or transactions of cryptocurrencies are recorded.
The blockchain is a single, consensual and distributed record across multiple nodes in a network. Now we know that blockchain technology can have endless uses and that Bitcoin and other cryptocurrencies are only a small part of its use and functionality. The use can vary, first there is the management of digital goods and documents. Also, records of different health systems, confidential information that needs to be preserved intact, among others.
The evolution of technology in art
As could not be otherwise, we live in a world that is evolving at a very fast pace. Therefore, the revolution tends to reach all segments of the economy. The investment world knows that one of the alternative means of investment for many individuals with important assets is the art world. According to some data, 61% of the great fortunes invest between 11% and 50% of their wealth in art. This clearly indicates that art is a very relevant sector and that technology would find its way to be very present.
That is exactly what happened and we are currently experiencing it in a very intense way.
The interest in art worldwide has evolved to the interest in art but in a digital form. Through Blockchain technology, it has been possible to create non fungible tokens, or as they are popularly known, NFTs (Non Fungible Token). NFTs are tokens that are composed of unique identification codes that cannot be replaced, cannot be split and contain information about the author and owner. NFTs are an "inimitable" asset in the digital world that can be bought and sold like any other type of property. However, they have no tangible form in themselves.
In the world before the technological revolution, tangible assets were synonymous with value. One needed to be able to touch to confirm ownership of an asset. Today, that seems to be falling by the wayside. If we think about the value that a large part of the population has begun to place on intangible assets in different forms, we might begin to appreciate the idea that the future value of material things is going to be in what we can observe alone without the need to certify through touch that the asset is truly real.
Examples of NFT
Technological evolution is taking us to unthinkable places and situations. Nowadays most of the NFTs are based around collectibles (art) but it is not the only purpose, considering that properties have already been sold through this technology. So far this year we have been able to witness millionaire operations, in which different "products" have been sold through this technology that are at least very eye-catching, for what they represent. To cite a few:
On February 19, an animated gif of Nyan Cat, a 2011 meme of a flying cat, sold for more than USD 500,000.
