What NFT is Really About

As early as 1935, Walter Benjamin, with his essay on cultural criticism, “The Work of Art in the Age of Mechanical Reproduction,” began to wrestle with the mechanical reproduction phenomenon, penetrating the art and undermining the value of the authenticity of the object by depriving it of its “aura” (i.e. uniqueness).

Today, digitalization has exacerbated the situation: one click or code line can make a forgery real in the truest sense of the word. There will be no doubt about the uniqueness. But in reality, it is pure fake. Where’s the solution? While bitcoin solves the “double spending” problem, NFTs bring clarity to the world of increasingly pervasive technologies, where ownership, authenticity, and uniqueness of digital assets are now provable.

What is the NFT really about? It takes a lot to explain how this top-of-mind buzzword — NFT — which has permeated almost every aspect of our lives over the past year, affects the perception of the coming Web3 and the metaverse world, and, actually, the perception of our tech-infused everyday life.

NFT stands for non-fungible token. What does it mean? Okay…

Continue reading on our new blog: https://oneart.digital/en/blog/what-nft-is-really-about#nft-general-overview-essence-and-features

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