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Co-founder of Rarible explains why digital art has become a leader in the NFT segment

Non-fungible tokens (NFT) are currently one of the most successful attempts to automate the IP market. This was stated by the co-founder of the Rarible marketplace, Alexander Salnikov, within the framework of the online conference ForkLog “NFT fever: tokenization of art”.

He noted that NFT gives the right to obtain an exclusive license in digital format.

According to Salnikov, digital art is most prevalent in the form of NFTs because it is public:

“Digital art has crawled” [на NFT-рынок] the very first, because the blockchain is now difficult with data privacy. For example, you do not want someone to see your medical record, but in the blockchain everything is more or less public. “

He also noted that physical objects are still “difficult to tie to blockchain objects.”

“This awaits us only when the state institutions that manage the registries of physical objects grow to the understanding that they need a blockchain,” Salnikov said.

During the conference, he also spoke about the new Rarible Protocol initiative – an infrastructure for creating NFT services:

“You can build your own NFT marketplace on it, a platform for issuing NFTs, or create a sales showcase on top of the protocol.”

Rarible expects the Rarible Protocol to help launch NFT marketplaces and drive the market forward.

For information on how to create your own non-fungible tokens, read the ForkLog exclusive.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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