One of the booming blockchain hits over the past few years is NFT. The concept of non-fungible tokens, as well as using cryptocurrency for utility, has changed the focus from Bitcoin to Ethereum and the other altcoins.While a simple Bitcoin calculator is a factor to consider when forming all of the other coin prices, you can be surprised by the number of new utilities cryptocurrencies have provided over the years.
In this article, we will review how much value the crypto world brings to both design and architecture.
NFT – The Designers’ Dream
One of the most significant issues that designers were facing was the lack of funding. While artists used to create incredible art pieces, it seemed like they were underappreciated. But now, blockchain technology is changing this. Nowadays, designers can make a good amount of money and enjoy being involved in Web 3.0. And NFT is helping them by giving them the necessary tools to showcase their talent and sell their designs on the asset exchange.
But what is NFT while traveling?
Non-fungible is a term of art that means that one unit or asset cannot be exchanged for another. For example, a precious metal like gold is fungible. If you have ten ounces of gold, someone can give you ten more, and it’s the same – nothing has been lost. However, if you have a unique painting or collectible, trading it for a different one changes the nature of the thing itself. They can be a very good cryptocurrency investment alternative.
Where are NFTs stored?
NFTs can be complex digital assets, like the deed to a car or an in-game piece of art, and they’re worth more than their face value – so much that some people have purchased art for millions of USD. Their implementation on Ethereum allows for a range of possibilities in games and beyond, as they’re stored publicly and permanently.
How will NFTs change Architecture?
NFTs are beginning to gain traction in the art world. While they were once solely sold on online art marketplaces as individual pictures, videos, and graphic images, they are growing more interactive and will have a dramatic effect on real-life environments and experiences.
Architecture is an extremely visual business. Architects need to create high-quality renderings of the structures they are designing in order to sell their ideas, attract clients, and see if the structures will be structurally sound. The architecture industry has long been one of the most popular industries to use virtual reality (VR) to create interactive experiences that help models come alive.
Moving to metaverse
It’s a matter of time until humanity moves to a blockchain-powered virtual world. In this virtual world, we will attend meetings, watch movies, and play games all from the comfort of our own homes. We can create cities, unique spaces, and even have our own homes.
But how does it change the real-world?
Many people are doubters that the virtual world has nothing to do with the real world. However, it’s not like that. Interior designers can use the NFT collection to upsell their clients on aesthetically-pleasing designs for their living spaces. Instead of showing only a single option, interior designers can offer different styles in one room – starting with greenery to add a health boost and working up to custom-designed furniture – all with just a touch of a button.
Also, thanks to the advanced blockchain and artificial intelligence technologies, interior designers could provide several concepts which might result in thousands of unique combinations which otherwise would take too much time to draw and render.
How is that profitable for clients, too?
User experience and quality are paramount to designers and architects. With non-fungible tokens, these practical artists will have the ability to provide end-users with thousands of unique combinations. The possibilities for finding a job, or finding the right match are endless – as users can have a wide range of choices without any additional effort, time, or cost to them.
NFTs have changed the world for good. While artists can make good amounts of money from selling their art, NFTs can have many other applications. You could buy a house or remodel your current one by hiring an NFT interior designer. And if you’re forward-thinking, you could create the house of your dreams in the metaverse. We live in exciting times and we’re yet to see the bright future ahead!