Algorand is a PoS blockchain protocol which is designed for the future of finance. NFTS are the new excitement in the blockchain space. Algorand are creating new economic models and end-to-end rights protection for nearly 100K creators. This is considered to be a visionary use case.

It is very obvious that Algorand is pushing really hard with major industries when it comes to NFT’S and cryptocurrencies. The community believes that NFTs are a key part of futurefi when companies with long term visions leverage their capabilities on scalable, inclusive technology like the Algorand.

Someone on a lighter vein stated, “NFTs is a modern humoristic representation of the contemporary gambler, our first batch sold out in less than 72 hours, and we made a 1ETH lottery already.”

For those who are new to NFTS and are interested in learning more about NFTs? Users can check out the new guide which dives into what non-fungible tokens are, how they are used and also explores Algorand’s potential to lead this emerging industry.

NFTs make for a world of tokenization ranging from Memorabilia and Art to Music and More. 

For artists, NFTs is a great way to monetize works of art, whether in the short term or long term. Artists by distributing their work as NFTs will be able to directly interact with those who want to access their creations.  Thus, this eliminates the need for galleries who will be taking large percentages of sales or they will be charging rent for displaying the work of art.  With NFTs it is possible to opens the opportunity to monetize future subsequent transactions of their art, and also to create the potential for secondary markets and shared ownership.

NFTs have a great role to play in the process of democratization of content from content creators.  The democratization of creation extends to digital art, music, videos, physical pieces and lot more.

Reportedly, several music artists have been struggling to generate revenue and now they are turning towards NFTs to prove ownership of their work to further monetize their songs and sound tracks.

It permits content creators to actually own property rights for what they create, thus permitting them to profit from it in different ways in which they might not be able to do with their physical art.

NFTs of sports memorabilia is a new way for athletes and teams to engage their fan base. NFTs of video highlights of games and sports collectibles are all trends catching up.