Digital frames are giving NFT collectors a way to display their NFTs indistinguishably from traditional art.
In an article first published by Decrypt, we are beginning to see a trend in digital display startups and products. Companies like:
Either have or are developing ways to display NFTs in a way that is akin to an art gallery display. Buyers simply mount their displays in their homes. From there, they can either display the image (as the JPEG file) or the token (through MetaMask integration) depending on the frame bought.
Big things are coming. Are you ready? Interactive, Gesture Control, Sound Bar, Curation & Discovery, Voice Control. Authentication & Providence Built In. pic.twitter.com/CZUu6VH4IV
— LAGO (@lagoframe) February 16, 2022
Trends like this are only the start, and the obvious natural progression, of the concept of “Phygital” ownership. This idea is that we can provably own digital assets, that have real-world benefits and utility. The first applications of this, are digital frames, provably ownable digital art, and ways to display your NFTs. Of course, that may seem boring and underwhelming. But those that understand this is the beginning of the “phygital” revolution are taking notice.
Why Wouldn’t You Just Buy Real Art?
This is the question on every non-NFT collector’s mind. Why not buy physical art, as opposed to buying JPEGs on the internet? We took a look at how the prices for these assets balloon to insane values in this article here.
Well, the younger generations are beginning to value their digital profiles and assets more than their physical ones. Why would a crypto-rich individual buy a Rolex when they spend the majority of their time online? Why wouldn’t they buy an asset that they can display to everyone they interact with online? People are spending an increasing amount of time online year over year, there’s no doubt about it.
Additionally, collectors can ensure the creators of the art they are buying are being compensated. With NFTs, the creator receives royalties on the secondary trades on their work in perpetuity. That means that digital artists can ensure they are receiving royalties for their work forever. This would be near impossible to do on any large scale with physical art.
Why Can’t I Just Save NFTs for Myself?
The discussion surrounding screenshotting is a bizarre one as well. Can’t you just buy a print of any piece of art? The holder of the original piece is the one that actually has ownership over the asset. It’s the same concept with NFTs. Anyone can copy or recreate the image like they could with physical art. Anyone can screenshot the image of the Mona Lisa! But the person who actually owns the asset, physical or digital, is the one who can produce the proof that they own it!
If it’s physical, that could be (or a combination of):
- Certificate of Authenticity
- Receipt of Purchase
- Proof of Ownership
combined with the physical asset. When it comes to digital assets stored on the blockchain, to prove you own the asset you need:
- The transaction hash that shows your wallet purchasing the asset
That’s it. At that point, and since every transaction is stored on-chain, it’s incredibly easy to prove who owns each asset.
And now, there are companies providing collectors of these assets ways to display these assets in the real world. To add, display these assets completely indistinguishable from physical counterparts. The “phygital” revolution is very real and very inevitable. Those that continue to roll their eyes and sink their teeth into the popular anti-NFT rhetoric of the week will get left behind!
NOTE: Remember always to do your research, make your own decisions, and invest in projects that interest you!
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