NFT (Non-Fungible Token) is a technology believed to be the future of the art business. It can be used to support artists effectively. and greatly increase the income for artists In this article, we will discuss what NFT is and how NFT can be used to support artists.
What are NFTs?
NFT stands for “Non-Fungible Token” that represents an item or property that cannot be traded with anything else, such as photos, videos, digital art, games, and others that are unique. Each has its own unique value, and NFTs are stored on the blockchain, with Ethereum being the most commonly used site for creating NFTs.
Find other interesting content
Using NFT to support artists
NFT, or Non-Fungible Token, is the use of blockchain technology to create, hold and exchange irreplaceable assets such as unique digital art, video and games. Popular in digital art and digital art collection The advantages for artists and contractors are as follows.
- Monetize Artists: Selling NFTs to commissioners or collectors can directly generate revenue for the artist without having to go through market directors or artist representatives like selling digital art in general.
- Preserving the uniqueness of the artwork: NFT allows the artwork to be created as a valuable object. and validated by blockchain to maintain the uniqueness of the artwork.
- Reputation Links: Selling NFTs to commissioners or collectors can help connect with an artist’s reputation. and can create knowledge.
Nowadays, the use of NFT has expanded beyond art trading. It is also used in other markets, such as collecting game goods, Management and retention of publication rights, etc.
How can artists use NFT?
Artists can use NFT to trade their artwork conveniently and securely. Artists can also set the price themself thus not having to rely on intermediaries for sales and can increase the value and marketability of their artworks. Selling NFTs is also a new way to help support the artists you love by buying NFT from that artist. You will be able to greatly contribute to the growth of the artist’s reputation and work. By purchasing NFT, you will own access to the artist’s work and be able to become a part of the rapidly growing NFT community.
Crypto Community in Thailand: Future Growth and Trends
Use of cryptocurrencies (Cryptocurrency) at present is increasing steadily. And has received attention from people around the world, whether investors, users or general interest. not even in Thailand commercially There are companies that certify the use of cryptocurrencies such as Bitkub, Satang Pro, Binance, Coinbase and others. Has not been recognized as national currency. so for use Cryptocurrency in transactions and investments Must be based on the laws of foreign countries. By using the services of leading companies that have certifications for the use of cryptocurrencies.
The Crypto community in Thailand continues to grow. and has generated interest in many areas whether to use Cryptocurrency In Payments Using Blockchain to Verify Information Changes in the use of money of Thai people and investing in digital currency Such as trading Bitcoin, Ethereum, etc. on many platforms in Thailand.
In addition, the Crypto community in Thailand provides support and encouragement to project developers in cryptocurrencies. Cryptocurrency and Blockchain.
Crypto Community in Thailand: Growth and Development Direction
At present, the use of Blockchain technology and cryptocurrency It is getting more and more popular in all parts of the world. Whether it’s in finance, trading, investing or various applications, which is the reason that has resulted in the creation of the Crypto Community or the community of users. Cryptocurrency in Thailand Let’s see what Crypto Community in Thailand has. And what will the direction of future development be?
Growth of Crypto Community in Thailand
The Crypto Community in Thailand became known in 2017 or 2017, while Bitcoin and other cryptocurrencies became popular around the world. with a sharp increase the following year. This is driven by holding seminars and activities to create excitement for those interested in this field.
Especially in the past short period, investing in cryptocurrencies has become more popular and began to have users of all ages whether new users are interested in cryptocurrency or experienced users This will result in the Crypto Community in Thailand growing exponentially in a short period of time.
Since the inception of Bitcoin in 2009 and the subsequent development of Blockchain technology, a crypto community has been emerging continuously across the world and Thailand.
For the Crypto Community in Thailand, there is a strong unity as a network that can promote the development and deployment of Blockchain technology. with a group of people who like to use this technology And have expertise in this field as well as developers and researchers who are constantly working on Blockchain. as well as having ideas for developing new innovations To bring Blockchain technology to use in various fields continually There are also seminars, conferences and activities. organized by Crypto Community in Thailand to promote learning To understand more about Cypto
Crypto community or community of digital currency users It is growing rapidly nowadays, especially in the past 2021, there has been a huge increase. Due to the COVID-19 period Increased online working and trading and is considered a factor that helps open opportunities for Cryptocurrency in rapid growth in Thailand
in the past There are numerous Crypto community events and conferences such as Crypto Expo Asia 2022 held in October 2022 with attendees from all over the world. Topics such as Blockchain, Cryptocurrency, Decentralized Finance (DeFi), and Non-Fungible Token (NFT) were presented, which are currently getting a lot of attention.
Understanding of cryptocurrencies has been on the rise over the past couple of years in Thailand. The growth of cryptocurrencies has had an impact on technology development and changes in the financial industry in general.
Currently, there are various projects that are being developed to encourage the growth of the Crypto community in Thailand, such as organizing activities related to Crypto or Blockchain organized by the community or related companies Organizing such activities enhances knowledge and exchange of experience in using and investing in Crypto in Thailand.
In addition, various platforms have been launched. in trading digital currencies in Thailand such as Bitkub, Binance, Coinbase, and Huobi, etc.