What is an NFT?
NFTs (Non Fungible Tokens) are an intangible asset, which is not consumed with its use, it is unique, Nft development services therefore it is irreplaceable, and it represents a monetary value. But let’s go in parts.
NFT development company A bill is a replaceable good, which can be exchanged for other identical bills or for several that have an equivalent value. On the contrary , a piece of art is a unique object that cannot be replaced by another and that represents a monetary value.
NFTs are individual digital units such as an image, video, audio, text, or compressed file, with a unique value.
This is possible because each digital asset obtains an identifier in which metadata (name of the author, Nft development solutions its initial value or its sales history) are recorded using blockchain technology, similar to that of cryptocurrencies, which guarantees that the part cannot be duplicated.
What is the function of NFTs?
An NFT is a digital asset validated by an armored digital contract that guarantees its ownership and authenticity.
The purpose of NFTs is to take digital work to the next level, helping developers, NFT development artists or anyone on the internet to monetize their digital assets and giving buyers the certainty that that piece belongs to them.
In 2021, the commercialization of NFTs generated more than 3,000 million euros and this NFT minting platform development figure is expected to increase with the arrival of the Metaverse and the development of Virtual Reality technologies.
NFT Catalog
3 things to consider about NFTs
There is a debate about the benefits and risks of NFTs. These are the 3 most notable aspects that you should consider on the subject:
It is more focused on design and digital illustration
NFTs start a new conversation for digital artists. Thanks to NFTs, many multimedia artists and designers have been able to give real value to their works and their talent.
This opens up a great panorama of professional development for careers such as Multimedia Design , Digital Animation and others related to these areas.
They are assets that will be merged with new technologies
People should familiarize themselves with this type of business, its possibilities and risks.
Non-Fungible Tokens are another way of doing digital business , which we will see more and more frequently in the Metaverse. In fact, brands like Nike , VISA, Adidas, NBA, Formula 1, among many others, have already entered this new market.
There will be more and more demand for professionals prepared to engage in the development of blockchain-type businesses.
The new reality must be faced :
It is crucial that Universities offer their students cutting-edge knowledge and technology to responsibly lead this industry.
To face this reality, Universities must offer advanced preparation for these new dynamics, with updated study programs and high-tech laboratories.
That is why Anahuac Mérida invested more than 5 million dollars in the Educational and Technological Intelligence and Innovation Laboratory (LIIET) , the only one of its kind in the Southeast of Mexico. This laboratory is equipped with a Virtual Reality Laboratory, Gaming Arena, Center, Business Intelligence Center, Mac Lab among others.