If you are into the NFT movement and Cryptocurrency, you must know how important it is to stay updated with all the NFT updates and news. There are many trends that develop within the crypto world, just like many trends that pop up within the NFT world. Therefore, if you want to stay updated with all the trends in the NFT and Crypto world, you need to get access to the latest NFT Calendar out there!
Firstly, what are NFTs?
NFT stands for non-fungible token. A non-fungible refers to something that is unique in its existence, where it cannot be replaced with anything else. As an example, a bitcoin (which I’m sure you’ve heard of) can be fungible, as it can be traded for money or for another form of cryptocurrency to reach the same value.
A token that is one-of-a-kind on the other hand, is non-fungible. There is no such thing as having duplicates that are completely identical when it comes to NFTs as each NFT is registered to its owner and creator and an ID to identify it.
NFTs are a part of the Ethereum blockchain, which is an emerging currency that we see in the usual cryptocurrencies like Bitcoin, Dogecoin and Binance. Though as time has passed, other blockchains have started to implement their own takes on NFTs. Ethereum is the currency, and it keeps track of the traders and makers of the NFTs.
NFTs can be presented in many forms. From games to music, there is virtually no limit to what type of digital art can be turned into an NFT for selling purposes. It is meant to create a new concept for the act of fine art collection, but for digital art.
What does this mean?
Well, NFTs are essentially designed by artists to give you a piece of art that cannot be found elsewhere, which is the ownership of the artwork. The artist of the NFT you purchase will still be able to keep the copyright and reproduction rights to the artwork though. With digital art, even having a copy of an art piece is as good as having an original copy. NFTs provide a market for artists to profit from their digital artwork in case there is no physical market to house their genre of art.
But nowadays, NFTs are not only limited to artwork anymore. NFTs have now integrated themselves into the fashion industry! Surprising right? So what is it like?
Currently, the NFT world has opened up its space to fashion designers who are more and more captivated by the potential and value that they can both create together. Of course, it will be important for brands to be an early adopter of the digital environment into their business as it will engage the younger generation to shop with them.
If you are curious to find out more about NFTs, you should check out NFTeller and subscribe to their NFT calendar too. On the other hand if you want to get more information regarding NFTs and the Fashion industry, check out this article for some tips on how to purchase your first fashion NFT.