Notes

Filipino artists seen to benefit from NFT art: stakeholders
according to waren de guzman NFT or non-fungible tokens are digital assets that represent ownership of unique items, including digital arts, these NFT can be sold, traded and it can even be stored. Filipino who are into NFT are excited about the potential of technology that can help local artist showcase and sell their artwork on global platform. With the help of NFT, Filipino artist can reach wide range of audience and monetize their masterpiece effectively
NFTs or non-fungible tokens are digital assets that represent ownership of unique items, including digital art, music, videos, and even real-world items like real estate. These NFTs are stored on the blockchain and can be sold, traded, and even rented.

Filipinos who are into NFT art are excited about the technology's potential to help local artists showcase and sell their works on a global platform. With the help of NFT art, Filipino artists can reach a wider audience and monetize their art more effectively.

The technology can also help underprivileged artists by providing them with a level playing field and a way to monetize their talents. Additionally, it allows artists to create digital copies of their art, which can be stored, traded, and sold on the blockchain, without the need for physical distribution.

However, the technology does come with its own set of security risks. It's crucial to practice cyber hygiene, such as using strong passwords and two-factor authentication, to protect oneself and their NFTs from potential thieves and fraudsters.

In summary, NFTs are a technology that holds great promise for local artists, especially for those who may not have access to traditional forms of distribution or monetization. However, security risks must be taken into account before diving in.