For the first time in history, the reigning star of the entertainment world is a non-human. It’s a smart contract on a blockchain that celebrities, artists, performing artists, TikTok stars, YouTubers, and even Twitter users are gyrating towards. NFT is inarguably the ‘latest best’ in the crypto domain. It has gained considerable popularity with artists and musicians worldwide and is enthusiastically endorsed by celebrities.
HashCash is a global software development company offering a myriad of blockchain and other high-end technology-driven services and financial products. Mere weeks into the extension of services into the NFT development, the department was bombarded by an overwhelming response from NFT seekers.
The hype started with artists, musicians, and celebrities from the entertainment industry realizing the potential of NFT. It is now users and influencers from TikTok, YouTube, and Twitter that are flocking to get NFTs of their digitized content.
“We are absolutely thrilled with the volume requests streaming in from disparate platforms,” said Raj Chowdhury, Founder, and CEO of HashCash Consultants, “more value should now ride on digital content, created in whichever format.”
NFTs serve to authenticate originality and provide proof of ownership. They also enable tracing the history of ownerships. Thus, protecting the originality of art, music, collectibles, and other forms of digital content from piracy or plagiarism. The NFT holds value and can be collateralized.
HashCash is concurrently working on providing crypto solutions to an Egypt-based fintech and complete ICO solutions to a UAE-based Food brand.
“NFT does a great service to the community of creative individuals in terms of fairness and value of merit. We hope the benefits of NFT may be applied in other sectors just as much,” adds Chowdhury.
As the world tends towards digitization, more innovations on the principles of NFT should surface. Team HashCash, in the meantime, shall work maintaining an active research wing.