Cardano enables new business models for NFTs

The NFT sector is one of the most discussed topics around blockchain. NFTs have gone through a hype that has waned in the bear market. Were NFTs just an experiment that failed, or will they come back even stronger? From our perspective, NTFs technology is sound and will form a substantial part of Web3. What is crucial for the success of NTFs is not so much the individual projects but the possibility to create new business models. Cardano is, in our view, one of the best platforms for minting NFTs as there is no need to use a smart contract for minting and they are native tokens much like ADA coins. What needs to emerge now at Cardano are new platforms that will allow authors and publishers to create new and better business models that will be more profitable for authors and users than the existing ones. And that is an achievable goal.

TLDR

The combination of NFTs and new business models will drive adoption. Through the NFT, you can buy and own a digital work with resale rights, not just a license with usage rights. In addition, the authors of the work can receive royalties from each sale on the secondary market.

This article was prepared by Cardanians with support from Cexplorer.

Read the article: https://cexplorer.io/article/cardano-enables-new-business-models-for-nfts