The evolution of Art to Non-Fungible Tokens(Digital collectibles)

submitted 2 years ago by osamudazai to cryptocurrency

Art is popular as there has always been a buzz on the rarest of rare arts and artifacts. Now in the digital world, NFTs replaced Art, and NFT Marketplace platforms replaced art auctions. Though the concept of digital collectibles was brought in by putting security first, there were instances where people lost their digital collectibles to theft. Yet there are new concepts coming around like Soul Bound Tokens or SBTs that would be more secure, giving a whole new face to NFTs. With a community based token recovery model, these tokens, which are yet to come, will reach the masses soon with respect to documentation, token based identities, and more.