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Giri on NFT

Yes! Giri has produced and released "The Pancharatna Kritis" flute music content on NFT. This music piece is performed by JA Jayant, It's Sri Thyagaraja's compositions of Lord Rama, launched on a special occasion of Thyagaraja Aradhana 2022, and the entire album of Pancharatna Kritis is available on NFT now!

GIRI is a precursor in the NFT market. Giri directly distributes Music Content on YouTube Music, Spotify, Apple Music, Amazon Music, Jio Saavn, Wynk Music, and a lot more.

NFT Types

NFT can still be pretty flexible, because anything can be NFTs. In theory, the scope for NFTs is the things that are unique and require authorised ownership. NFTs is growing in the fields like gaming, real estate, retail, sports, Music, and other fields. Here are some familiar and sensible NFTs that exist in the market, that helps to get a perception:

Art and Music

The notion of NFTs was a premium opportunity for artists to sell their finest works online like physical. Right now, a lot of the most expensive NFTs are art works. NFTs began to gain attention of the globe only after the digital artist Beeple's "EVERYDAY'S: THE FIRST 5000 DAYS" auctioned off his artwork at a Christie’s auction in March 2021. In fact it is considered as the most valuable NFTs ever sold.

For decades Music has been a fungible good, being recorded and distributed on records, cassettes, CDs, and digitally. However, recently musicians are selling their work as NFTs. In the world of music, an NFT could be described as a rare collectible that is stored in digital archives.

Game

Another frontier in the NFT space is with video games. Companies are selling in-game content, like game skins, characters, and other items, rather than selling entire games as NFTs. Nowadays, millions of DLC assets copies are sold to players, but an NFT asset will be unique and exclusive to one buyer. Creators can sell standard DLC, but then sell a limited edition version of it on the NFT market.

Collectible Physical / Digital Items

Companies can trade all types of collectible items on the NFT market. NFTs can be considered as digital trading cards. People can purchase and sell virtual versions of them on the market and keep them just like the real thing. And, like the real thing, some trade for over a million dollars.

Domain Names

Generally, for purchasing and Managing you need to pay a third-party company for your domain name, But if you buy one on the NFT market, you will be able to claim exclusive ownership of the name, slicing out the middleman.

Sports Moments

Owning the short clips of significant moments in sports history is like having a golden ticket, think about having groundbreaking slam dunks or game-changing touchdowns. Yes, NFTs offer something that doesn't really have a physical equivalent too. It's true, and those clips can be as short as 10 seconds but sell for more than a million.

Fashion

Everything can be bought and sold virtually on the NFT market, then why should fashion be any different? You can blow big money on any attire, but you won't really be able to wear it, but whoever buys the fashion NFTs will be dressing up online avatars instead. This may sound absurd, but remember, someone in this globe spent 4 million dollars to own the Doge meme. Possessing a virtual purse or necklace is definitely reserved for more fashion-forward and lavish people. Of course, these are very limited in number and will all be uniquely designed.

Currently, NFTs taking over the digital art, Music, and collectibles globe by storm. Most NFTs are built using a consistent prototype known as ERC-721. Digital artists are witnessing their lives change appreciations to huge sales from new crypto audiences. And the Celebs are binding in as they spot a new opportunity to connect with fanciers. In the NFT market, there's still a ton left to be discovered. From purchasing digital baseball cards to buying virtual Versace handbags, people have purchased many different items as NFTs. Yet, we're only at the iceberg's tip.

What are NFTs?

Non-fungible tokens (NFTs) that we can use to represent ownership of unique items. It is a way to represent anything unique as an Ethereum-based asset. Non-fungible is an economic term that defines things that are not switchable like furniture, a music piece, or a computer because they have unique properties.

They let us tokenize fortes like art, sports, collectibles, even real estate. At a time, they can only have one privileged owner, and they're highly secured by the blockchain – which nobody can alter the history of ownership or duplicate into a new NFT.

How do NFTs work?

NFTs provide the mastery to assign or claim ownership for any unique file/ piece of digital data, detectable by using Ethereum's blockchain as a public log. An NFT is coined from digital objects as a representation of digital or non-digital assets. For example, an NFT could represent: Digital Art like Collectibles, Gifs, Music, Videos, Real World Items like Signatures, Legal documents, Tokenized invoices, Deeds to a car, and lots more options to get creative with!

An NFT can have solely one owner at a time. Ownership is managed via the uniqueID and metadata that no other token can replicate. NFTs are coined through smart agreements that assign ownership and manage the transferability of the NFT's. When someone creates or coins an NFT, they conduct code stored in smart contracts that serve to different standards, such as ERC-721. These details are added to the blockchain where the NFT is being managed.

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