Blockchain and NFT : the Unstoppable Technology of the Future
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Blockchain and NFT Become the Unstoppable Technology of the Future

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Blockchain and NFT Become the Unstoppable Technology of the Future

IMAGE ARTIKEL PESERTA LOMBA ARTIKEL IA 09 Arsenius Anom Permadi Artikel 1

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In the industrial era of 4.0 as it is today, there is an increasingly massive advancement in digitalization and technology. Since the emergence of blockchain as a cryptographic technology with a decentralized concept, it has been able to shift the old ways of verifying and transparent digital assets. This of course provides an impetus for humans to increasingly appreciate an acknowledgment and openness to a form of originality of creations or findings. One of the technological developments that can stick to the host of the current blockchain system is NFT (Non-Fungible Token) assets. NFT is a crypto asset technology that allows digital data owners to store their assets on a blockchain system. Thus, the collaboration of blockchain and NFT will be the unstoppable technology of the future.

NFT’s Presence Opens New Paths

Before the emergence of blockchain technology, digital asset makers certainly had concerns about plagiarism or the theft of digital works. The digitization gap allows everyone to be able to express acknowledgment of a work that does not belong to him. This of course will provide both material and immaterial losses to the actual digital asset makers. If there is no solution to this copyright problem, of course it will reduce the quality of a work that is included in the digitization industry.

NFT is here to provide enlightenment for digital creators. This technology turns digital assets owned into crypto assets. So, anyone who is able to produce unique and original digital works can publish their work in the form of an NFT crypto asset. This means that there will be a system of transparency and valid verification in a digital ledger regarding who is the author of a digital work. Examples of NFT crypto assets are photos, videos, audio, illustrated images, digital paintings and all other types of assets in digital form.

Another advantage of NFT crypto assets is the ease of transactions. In the circulation of NFT crypto assets, everyone can buy and sell digital assets at the offer price from the seller or based on the price of the auction value of the enthusiasts of the digital work. So, any NFT crypto asset will be able to sell and change hands to another owner without removing the copyright badge from the creator of the digital work. All history will always be recorded in the blockchain system neatly without being missed. Information that is always attached to an NFT crypto asset is who created the original work, then sold it at what price, and who is the buyer of the digital work as the next owner.

Ethereum Blockchain as the Pioneer of NFT Transactions

The Ethereum blockchain is a pioneer in NFT crypto asset transactions. The speed of transactions and verification on the Ethereum blockchain has been proven to be quite reliable. However, it has a weakness in the gas fee which is quite high. This is the challenge in NFT crypto asset transactions. However, currently many blockchains are vying to be able to adopt this NFT crypto asset. This is because NFT is a breakthrough that upholds the copyright aspect and is absolute in its presence in the digitization industry. It is proven that until 2021, there will be an increase in transactions and the emergence of a marketplace that supports NFT crypto assets.

For those of us who have creativity in making digital works, of course there is still a huge opportunity, it will even be wide open to be successful by selling original NFT crypto assets. If a digital creator wants to sell an NFT crypto asset, then here are the steps;

  • Register on the crypto digital asset marketplace.

Registering a cryptocurrency account on a service that already has permission from the Ministry of Trade, CoFTRA, and Kominfo as the organizer of digital asset control.

  • Make a deposit

Before you can sell NFT assets, you will need funds to pay gas fees on blockchain transactions. Therefore deposit funds on Ethereum assets as a blockchain system on NFT.

  • Register on the NFT marketplace

Register on the NFT marketplace and connect the Ethereum wallet between the NFT marketplace and the crypto digital asset marketplace.

Pretty easy isn’t it? Digital works are able to reach a wider market in all corners of the world as long as they are connected to the same blockchain system.

Blockchain and NFT Keep Innovating

The future of digitization is getting wider access with the presence of toll roads on the blockchain system. The fear of digital creators is becoming increasingly marginalized by the recognition of original works that are absolutely guaranteed. Due to the high support and demand for digital products, the collaboration of blockchain and NFT will become an unstoppable future technology. Of course this is the beginning of technology that we can experience today. Collaboration and innovation of crypto assets along with blockchain will definitely continue to roll in the future.

This article was written by the participant of the Indodax Academy article writing competition, Arsenius Anom Permadi.

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