14/07/2021 IOTA Launches Affordable NFT Marketplace on IOTA 2.0 DevNet

IOTA today launched its new NFT marketplace on IOTA 2.0 DevNet. Called IOTA NFT marketplace, this new launch is all set to change how NFTs are perceived in the market today. One of the prominent highlights of this new protocol is its feeless feature which is sure to revolutionize the way NFTs will be traded in the future. The network also claims that this unique NFT marketplace will also address the specific limitations related to the existing operational and functional procedures of NFTs.

It is beyond any doubt that NFTs have been able to occupy a distinct place in investors’ minds in recent years. Even the people who are not very well-versed with the cryptocurrency domain find NFTs an attractive option to have extra income from their artistic abilities. NFTs are tokens minted on blockchain and represent the digital form of art.

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There is virtually no limitation when it comes to deciding what could be termed as NFT. Both tangible and intangible pieces can be converted into NFTs. Some prominent categories where this new form of digital asset is finding relevance include music, podcasts, paintings, antique jewelry, etc. It’s important to note that at any particular period, only one person can own NFT, and the ownership can be changed only when it is transferred to another buyer.

Launching the new NFT marketplace, IOTA has made sure that the NFTs come within the accessibility scope of the general public. Specifically, the segment’s costly nature keeps many new prospects from taking a plunge into the domain. By offering the very affordable and cost-effective option to buyers, IOTA has ensured that the masses will get access to NFTs without cost coming across as a deterrent. It would be interesting to witness the people’s response to this new launch and whether IOTA can garner support from the masses on its innovation. The IOTA forecast will also get impacted by this new launch and is expected to gain good momentum in adding value to its platform in the coming months.

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.
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Interesting NFTs
Who Is The Creator 2
The idea for this piece was borne out of a tweet of mine that caused a bit of a stir. I’d posted a link to a blog article I’d written a number of months previous titled ‘Who is the Creator’ discussing various types of creative collaborations and why I hire people to work on my animations. It generated a lot of debate around creation and attribution with the community split on whether it’s right or wrong for an artist to hire other professionals to help them realize their art projects. I decided to push the boundaries even further and see how the cryptoart community responded. What if I quite literally had nothing to do with the physical or digital elements of the work other than coming up with the concept and coordinating it? I decided there was one artist in the space who could add huge value to this idea on levels that none other could and so I gathered my courage and contacted the great José Delbo to ask him if he’d be interested in a very unique collaboration. I explained to him that to make this piece ‘work’ he couldn't have any say in what I produced and moreover, he wouldn’t even be allowed to see the animation until it was dropped on MakersPlace. To my surprise, Mr Delbo agreed to my proposal. The animation tells the story of the creative process, which includes my roles as writer, director, and producer working with a team and making edits and changes ‘in real time’. The dialogue between myself and my ‘hired guns’ plays out in front of the viewer. The music written for the piece adds to the nostalgia of the comic book superhero theme but other elements such as the snapping and kicking of the pencil and the signing of my signature at the bottom incorporates further layers and challenges the viewer to ask important questions, such as, is the ‘Art’ the final animation (the creation) or is the ‘Art’ the concept/credit for the creation itself?
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By OthersideDeployer
✨Ragdoll G3✨
Ciao! I'm ✨Ragdoll G3✨. I'm a Dispensary Clerk by day, and I like sleeping in fresh laundry by night. I once got in a fight with a dolphin, and won. We're so fur-tunate to have found each other!
The New York Times x NFT
A digital original of Kevin Roose's New York Times column, "Buy This Column on the Blockchain!" Published 3/24/21.
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