Bright future with NFT

In general, the money we often encounter is just a piece of paper with the nominal and bank of the currency written on it. Meanwhile, nowadays money has the form of digital money which is usually found in e-money or e-wallet applications. Over time, not only money is affected by digitization, now works of art also have digital forms that have economic value and can be traded like works of art in the real world. This causes the trend of the world economy to increasingly shift to asset digitization and NFT or Non-Fungible Token is one of the products of this trend.
Initially, the NFT concept began in 2012 which at that time still used the term Colored Coin. The actual function of Colored Coin is as a medium that represents goods in the real world and as a sign of ownership of an asset such as precious metals, cars, houses, and even corporate bonds. With the Blockchain party recording every change of ownership of these digital assets, the Colored Coin system is guaranteed to be very safe.

Since then, Colored Coin has continued to change until 2017 when two digital artists named John Watkinson and Matt Hall created 10,000 digital characters which later became the standard for ethereum tokens (a type of cryptocurrency) and became the forerunner of modern NFT.

Then in 2018 to 2020 NFT slowly gained public attention due to an artist named Kevin Abosch holding a charity auction of his work entitled The Forever Rose which sold for one million US dollars. Simultaneously with this incident, NFT experienced a very significant increase in popularity until in early 2021 yesterday, NFT is now known by the majority of people in various parts of the world, especially those who are active in the economic field.

Видео Bright future with NFT канала MAB 33