Non-fungible tokens (NFT) became known as digital art. But for those who are a little better at understanding their capabilities, NFTs represent so much more, opening up a new field of opportunity that would not have been expected 10 or 15 years ago. NFT creates new products such as works of art and online experiences, each centered around the online community.
In this way, NFTs become more than just digital art or your new avatar on social media. Instead, they become a ticket or member of an elite group of entertainers, sports enthusiasts, avid gardeners or local animal lovers. The result is now; Users can join a community of like-minded people for a more immersive experience than ever before.
In addition to a sense of belonging, NFT assets represent a solution to many intangible problems. As information about their use is stored on the blockchain and tokens may have the ability to include a self-performing contract, the technology continues to find new uses. For this reason, many artists, athletes, teams, celebrities and others have started advertising their NFT sets on different platforms, each confirming ownership of the blockchain and empowering content creators at the same time.
Imagine, the creative ecosystem that owns 123rf.com, pixlr.com and others with more than 25 million monthly users, says that these uses hardly affect the surface of what NFT can do in the near future. By introducing projects like Pixlr Genesis, the team believes they can take digital assets a step further and develop a whole new experience for creators and consumers, with transparency in management as well as transactions. As a result, the IP value chain can be built more efficiently.
The team has since announced an ongoing investment in NFT through Phosus.com, the subsidiary that specializes in NFT and AI-powered imaging services. With new business models, Inmagine and its subsidiaries continue to explore many new use cases that demonstrate the untapped properties that NFTs represent.
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When asked how they think the future of NFT goes, Inmagine quickly pointed out avenues, including decentralization of IP sourcing, that would go hand in hand with public ownership of content, which would increase crowdsourcing and the ability to distribute royalties and other revenue. . Use smart contacts.
This use is reflected in projects such as Pixlr Genesis, the world’s largest NFT art gallery. Through the original collection, the team integrates digital art into their ecosystem. At the time of writing, more than 900 Pixlr Genesis NFTs are available for bidding as part of their OpenSea suite.
Other notable projects include Substantiv 3D, a community-led initiative that includes 7,000 3D NFTs on CC0 intellectual property, and MeSkullz, a community of 10,000 3D voxel characters that find use in the afterlife. On the AI side, users may be interested in a set of moving circles that bring spherical interaction to the NFT artwork.
In addition, the company is considering hosting transaction authorization data on the blockchain, and collaborating with high-performance chains at lower gas costs.
Digital Fine Arts House
Looking forward to the participation of the Inmagine team,
“We are excited to create new platforms that make NFTS more useful to our community, as we will see new NFT applications in the content area over the next 2-3 years.”
The team has gone to great lengths to create artistic and marketing skills in the NFT space, in addition to creating the Pixlr Genesis project to become the world’s largest art museum in the metaverse. These successes serve as a foundation when the team looks for opportunities to increase intellectual property (IP) and improve brand engagement through digital assets.