About 13 years ago, Satoshi Nakamoto broke the conventional financial method and introduced the world to something called ‘Bitcoin’. Although Bitcoin was neglected at first, its value and status steadily rose and it is now considered one of the most reliable and valuable digital payment systems in existence.
The Musician's Guide to NFTs
Building on the cryptocurrency’s massive success, others have gotten in on the act, introducing new systems that take the digital payments game to a whole new level. Today, we’ll take a look at the hottest cryptocurrency on the block — Non-Fungible Token, or NFT — and tell you how it’s impacting the world of music.
Related: 10 Weirdest NFT Crypto Art On Sale Right Now
Before we dive deeper into the topic, we’ll tell you what exactly NFT is. Simply put, anything with a Non-Fungible Token guarantees that you’re the only person in the universe who has access to that unique item. For example, an artwork with an NFT means that it’s an authentic piece of art and can’t be swapped for something else. Underneath an NFT is a handy Blockchain, which keeps track of all sales and purchases, so you always know who the current owner is.
