Some trends can make you rich. In the cryptocurrency industry, trends tend to influence the Fundamental Analysis and Technical Analysis of crypto assets.
The trend now is Non-Fungible Tokens (NFTs). NFTs did not only take the world by the storm, but also ensured that artists from different walks of life are offered unique opportunities to protect their work.
Through NFTs, you can mint and trade your work as digital art. It is innovative because artists are now empowered to make money from their work, instead of relying on the traditional system that defrauds them instead.
But, are NFTs truly worth the hype? Is it possible to use NFTs as a medium to trade your work as digital art? Are there no challenges that could defeat the whole purpose of NFTs?
Indeed, the NFT ecosystem is fraught with many issues, which include non-decentralization because NFTs still rely on traditional hyperlinks over the Internet, which is controlled by the ICANN.
THE PROPOSED SOLUTION
The solution to the myriad of problems in the NFT sector is to introduce a new system for minting and trading digital art. The new system is called ceNFT – and it is facilitated by Hup Life.
WHAT IS ceNFT?
ceNFT is the acronym for Copyright-Enabled NFT. This type of Non-Fungible Token (NFT) token model is designed to offer additional benefits to NFTs.
Instead of minting and trading NFTs that may be manipulated along the way, it is better to use ceNFT because it assures you of utmost decentralization.
Asides from the decentralization aspect, you can use ceNFT to protect your digital art against copyright infringement. This is a solution that wasn’t earlier conceived with traditional NFTs.
How Hup Life Protects Artists with ceNFTs
So, what are the unique attributes of ceNFTs that make them one of the best forms of Non-Fungible Tokens (NFTs)?
Here are some of them:
1- WORK CONFIRMATION
The first approach to protecting the digital arts is to request the confirmation of the work from the artist or the uploader.
This is put in place so that the digital art on the platform wouldn’t be uploaded without the consent of the artist that created it. Therefore, Hup Life requires the artist to confirm that he or she wasn’t hired to create the art for someone else.
2- DUPLICATION
The next step for the verification of digital art on Hup Life is for the artists to confirm that the art has not been published elsewhere.
This is important because Hup Life is working so hard to ensure that duplicate digital art is not available on the platform. That way, the entire aim of protecting digital art will still be in place.
3- CeNFT MINTING
In furtherance to the goal of protecting digital art, Hup Life mints the art uploaded on the platform. The minting is done via the Binance Smart Chain (BSC).
The aim is to ensure that the digital art is free of centralized control by way of creating a hyperlink that points to the listing page of the ceNFT.
What does the Future hold for NFTs?
Non-Fungible Tokens (NFTs) will gain more adoptions in the coming years because of the enlightenment and education of artists on how NFTs can be a better way to monetize their talent and work.
CONCLUSION
Hup Life is a revolutionary project that makes Non-Fungible Tokens (NFTs) more attractive than we knew the arts to be. Are you an artist? It is time you explored all that Hup Life offers so that you can protect your work and make money.
Website: https://www.hup.life/
Twitter: https://twitter.com/hupdotlife
Discord: https://discord.gg/JNXcZqHMX2
Gitub: https://github.com/HUP-LIFE/HUP
BountyOx Username- gosphas