Never mind FTX — Fine arts institutions should still onboard to blockchain By Cointelegraph
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© Reuters. The reality is that blockchain technology can still deliver substantial benefits, particularly within the fine arts. And for those who have been paying attention, 2022 has been a year of incredible normalization for nonfungible tokens (NFTs). Simply put, major institutions across various sectors have dipped their toes into Web3.
In November, Instagram announced that creators would soon have the functionality to make and sell NFTs. Apple (NASDAQ:) similarly announced in September that NFTs could be sold in its App Store. Put together, that’s 3.5 billion people (2 billion from Instagram and 1.5 billion from the App Store).
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© Reuters. The reality is that blockchain technology can still deliver substantial benefits, particularly within the fine arts. And for those who have been paying attention, 2022 has been a year of incredible normalization for nonfungible tokens (NFTs). Simply put, major institutions across various sectors have dipped their toes into Web3.
In November, Instagram announced that creators would soon have the functionality to make and sell NFTs. Apple (NASDAQ:) similarly announced in September that NFTs could be sold in its App Store. Put together, that’s 3.5 billion people (2 billion from Instagram and 1.5 billion from the App Store).
Continue Reading on Coin Telegraph
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