Non-fungible token technology’s success is evident in its over $16 billion in November trading activity.
In a new use case, Miyuki Ono’s popular sci-fi novel “Pure” was translated into English and is exclusively available as NFT.
On the OpenSea NFT exchange, the novel is available in three different editions. Both the original Japanese version of the novel as well as two different English translations, translated by Laurel Taylor and Kalau Almony.
The author, Ono, expects that this might generate a new source of revenue for authors and translators, who are currently underpaid significantly.
As the use cases for NFTs are nearly unlimited, we may actually begin to see some exponential development for digital arts use cases.
NFT generative is gathering momentum and encouraging new opportunities for digital art.
So, for example, NFT Bored Ape Yacht Club holders are receiving mutant serum digital vials, with which they might be able to brew up their own Bored Ape to generate a new NFT – a mutant monkey.
We also saw some generative NFTs in music. The American musician Meek Mill has just recently advertised the current release of “Dreamchasers” as an NFT.
Even with the increasing traction of NFTs, there are still investors who believe that digital art
With NFTs’ increasing use cases across the globe and the rising popularity of the metaverse, it’s just a question of time until we witness a widespread NFT uptake.
