NFT for Artists or Designers

NFT as a newly trending hype, is aimed not only for game or technology geeks but for other industries as well. In March 2021, a NFT digital artwork by Beeple was sold at Christie’s Auction House for US$69 million. With this fact, CINDRUM as a blockchain platform, opened a discussion on Instagram LIVE, with guest stars @deetata, a digital artist, @ifc_surabaya a community for fashion designers, and Mr.Gie a Blockchain enthusiast, as a key speaker.

NFT (Non-Fungible Token) is a digital asset based on Blockchain technology. The term “Non-Fungible” stands for “cannot be replaced” or “non-exchangeable”. As quoted from Mr. Gie, NFT is different from cryptocurrency, such as Bitcoin, which single Bitcoin have the same value to other Bitcoin, while the value of each NFT may differ. This makes NFT a unique digital asset NFT for Artists or Designers

Plagiarism and segmented market remain crucial issues for many artists. NFT is one of the solution that enables artist to gain digital ownerships, royalties, and global reach. Yunita Koesasih, guest star from @ifc_surabaya express her interest in NFT. Its feature is to trace and showcase their items to their potential buyers. Nike and Adidas have been using this technology to verify the genuinity of their products.

As for art industry, inquired by @deetata, NFT as part of Blockchain gives creators authority by digitizing their artworks to sell or display their artworks on the NFT marketplace. This can be done by taking pictures of every side of it, then the creators need to validate and legitimize it. Once it is listed on the Blockchain, all the details and any change would be recorded, i.e who is the creator, when it was created, etc.

CINDRUM Bazaar within CINDRUM gives freedom to artist to create, display, and sell their artworks as NFT. They can sell directly to the potential buyers and make virtual gallery exhibitions by themselves worldwide.