Technological Disruption and Digital Transformation
Prior to the “NFT art” paradigm, people tended to belittle the value of digital art due to its intangible and non-exclusive nature. An Internet surfer can screenshot, save or copy and paste the digital art onto their personal devices and end up with a piece identical to the original work. The current trend of endless technological disruption thus implicates a demand for systematic protection of transactional activities relating to commercialization of digital art. Such protection is now made possible with non-fungible tokens (NFTs) through blockchain, smart contract, and cryptocurrency technology.
Things only have value because we, as humans, give it value. Physical, tangible artistic pieces seen hanging on museum walls or real-life exhibitions possess high value due to its obvious existence, exclusivity, and proof…
