Every NFT (nonfungible token), that is sold for a high price, makes headlines in every corner of finance.
Every NFT (nonfungible token), that is sold for a high price, makes headlines in every corner of finance. The "who-buys-what-for-how-much" craze is certainly a thing, and investors, in particular, are looking at this new, cash-hogging manifestation of art with a blend of fascination and skepticism.
The Authenticity Mark
Digital art is a phenomenon that has existed since the second half XX Century, when computer-generated artworks were created by researchers and artists in the science field. These first works were created by Charles "Chuck" Csuri (American professor) and John Lansdown (artist).
Javier Arres is a designer and cartoonist. The emergence of NFTs had a huge impact on the authenticity of digital art.
He says, "The digital world has discredit the work of artists who were born into it... It has no value in art markets." "So, this technology only serves to value the work we do."
Arres creates animated gifs or illustrations that emphasize details of crowded cities. Sometimes, he illustrates urban stories in The New York Times. His works have been displayed in some of the most impressive venues around the globe, including at the 2019 London Art Biennale, where he was awarded an award.
He still had to deal with the authenticity and uniqueness of his acquired items, just like many digital artists.
He says that NFTs have helped him solve this problem and provide a unique way to earn a living in the art industry.
Code is value
Digital artists have the opportunity to prove their authenticity and uniqueness through the NFT market, which is growing rapidly. Artists upload, or "coin", a piece work. To create the NFT, it is necessary to create the code that will allow them to prove their authenticity.
Arres states, "Once you have created it, your work becomes an NFT with one copy or more." Each one of those copies is an individual token, each with its own value. The market creates value, regardless of what people are willing to pay for it.
NFTs can be compared to traditional art markets in this way. However, artists must create a code that is unique and has value.
The blockchain also allows artists to track their work in real time, as all sales are recorded and reflected. This gives them complete control over their royalties.
"This is a revolutionary idea for me. I charge 10% on all sales on MakersPlace. This is an amazing advantage."
The blockchain model has fewer intermediaries, and almost complete independence. A potential disadvantage is the higher cost of minting an NFT for the blockchain. This currently ranges between $60 and $250 depending on the day.
"If this rises too much, it will make it very difficult to coin your work by young or new artists." Arres states, "I trust that 'Ethereum 2.0" would solve this problem."
The Buyer's View
NFTs are used to verify the authenticity of work purchased in the digital art industry. They don't need to be able to code, bitcoin, mint, or any other technical details, but they want to see how authentic the work they have purchased.
People often wonder why they would want to purchase a piece digital art when you can download it, save it and then copy it. Andres Reisinger, digital artist, explains that the NFT code allows you to prove that you own a unique piece of art that no one else has. It also provides traceability and a certificate that can be used in the blockchain.
He gives an example to illustrate this point. He says, "You go to the Louvre, take a picture of the Mona Lisa. In theory, the painting is yours, but nobody would believe that it is yours, even if they buy a poster or get its image online."
This is where the authenticity of traditional art can help us understand NFTs. You can copy and reproduce a real work of art in the form of, e.g. Posters, stamps and other formats that are not original can be copied.
A new market
Reisinger states, "This is the exact same reasoning applied to the digital universe, and that was something that digital creators were severely lacking."
NFTs are a market that allows digital and traditional artists to digitize their work. This gives them the opportunity to track the sales and make a living from it.
Arres and Reisinger both agree that NFTs have made art collecting more accessible. NFTs have made it possible for everyone to become collectors. They can get the work of an artist's early years and make great investments. This is something that was once only available to a select few. You can do it from your smartphone if you wish.
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If you want to avoid problems such as strokes and heart disease, there is an easy way.
Get more fruits and vegetables.
Whole grains are better than refined ones. Brown rice is better than white. Switch to whole-wheat pasta
Consider lean proteins such as poultry, fish and beans.
Reduce your intake of processed foods, sugar, salt, saturated fat, and other unhealthy food.
Flexibility is key to eating well, according to Joyce Meng, MD assistant professor at UConn Health's Pat and Jim Calhoun Cardiology Center. You can follow a strict diet plan if you prefer. It's okay if you don't like following a strict diet plan.
Tricia Montgomery (52), founder of K9 Fit Club knows firsthand the benefits of a healthy diet and lifestyle. Her favorite things are eating healthy food and making small, frequent meals. She says, "I don’t deny myself anything." "I still enjoy dessert, key lime pie, yum!" -- I love frozen gummy bears and moderation is the key.
Get regular checkups. Your doctor will keep track of your medical history so that you can stay healthy. If you are at high risk of osteoporosis (a condition that weakens bones), your doctor may recommend more vitamin D and calcium.
You may be recommended by your doctor to have screening tests done to monitor your health and detect conditions before they become serious.
Be open to communication. Meng said, "If you have any questions, ask your doctor." "Ensure you are satisfied with the information." Talk to your doctor if you have concerns about any medication or procedure.
Reduce Stress
It can be very detrimental to your health. It is impossible to avoid it all, but there are ways you can reduce the effects. Do not take on too many responsibilities. Set limits for yourself and others. It is okay to say no.
To relieve stress, try:
Deep breathing
Meditation
Yoga
Massage
Exercise
Healthy eating
Talking to a friend or family member.
Develop healthy habits
You can prevent problems from coming your way tomorrow if you make the right decisions today.
Brush your teeth twice daily and floss each day.
Don't smoke.
Limit your alcohol. Limit your alcohol intake to 1 drink per day.
Take your medication exactly as prescribed by your doctor.
Get better sleep. Try to sleep for at least 8 hours. Talk to your doctor if you are having trouble sleeping.
Keep out of direct sunlight between 10 a.m. and 3 p.m.
Wear your seatbelt.
Meng suggests that you take time each day to invest in your own health.
Montgomery was able to see the benefits. Montgomery says that she has overcome health issues, is happy, and has a positive outlook. She says that her life has been forever transformed.
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