NFT modifications affecting art and Web3
The first NFT, Quantum by Kevin McCoy, launched in May 2014, but Attempt to contact truly took off on the Ethereum blockchain
Since then, NFTs have been a popular means for artists to mint and sell work, communicate directly with their audience, and prove ownership.
Four Web3 breakthroughs show how NFTs are transforming the art world and the future of asset ownership and trade.
Recent NFT breakthroughs have answered many problems around digital asset ownership, therefore investment has increased.
Andreessen Horowitz established a $4.5 billion crypto and blockchain fund in May. Investments in blockchain start-ups
Investments in blockchain start-ups increased to $25.2 billion in 2021, with many focusing on Web3.