The World is constantly developing and these changes affect virtually every area of our lives.
In afore times most talented individuals including artists, musicians, writers, Sculptors, poets, dancers, wrestlers and others had to perform on a stage, produce a hard copy or had other crude means of getting compensated. Some of them even did these for free, just for the fun of it without any extra benefit.
But with technological advancements, one can now do what they like while making lots money from it even at the comfort of their homes. This is made possible with the help of the internet and all that came with it including social media platforms, streaming websites, mobile apps and other digital devices.
The next generation will definitely not have this same practices as the world now faces new developments coming up. One of such is the introduction of digital currencies such as crypto currencies which on its own has much explanation to it. As if that's generally not enough, the exposure of NFTs which are non-fungible tokens opens a door to a more efficient means of digitalizing artworks.
An easy explanation of Nft is that they are digital products which could be in any form music, pictures, 3d sculpts, and basically anything on the internet, whose worth is being determined by the appraiser. A US dollar bill is a US dollar bill anywhere in the world, but a picture of my mom might be worth five hundred thousand dollars to me but just 20 dollars to you..
That's a simple explanation of what non fungibility means. When These items are tokenized, meaning they are being registered on a blockchain which provides a proof of ownership by a person once purchased, they are turned into NFTs.
Many individuals including artists and other creators are selling their products, tickets, 3d sculpts and other items in form of NFTs with the ability to be sold by auction bidding.
This is a new trend and young individuals around the world are making some reasonable amount of money off it...Other non artists even flip Nfts by buying some tokens and reselling them at a higher price.
Many popular musicians today are making their way into the Nft market with a sudden spike in the general market analysis these recent times. Some include Lil baby who has his own collection of art, Post malone who recently bought almost a million dollars worth of NFTs and the Notable Jimmy fallon from the late night show with some tweets about NFTs.
Another future speculation artists and other entertainers should not overlook is the introduction of the Metaverse, whether people like it or not, the meta team have huge plans and anyone who has great insight can assume the possibility of it coming to life.
Although it's a future project, it might be bigspot for the next generation of entertainers as the video presentation spoke at length of how entertainers including creators, gamers, Artists, musicians and others will play a vital role in the Metaverse.
Seeing thus far Scientists, Engineers and Researchers have gone in the area of artificial intelligence and all it entails, a word of virtual reality is more possible that it was yesterday, and this no doubt is the future.
The next generation of Entertainment will come as a moving train, prepared for those who are ready to hop on it, leaving even the most skillful behind.
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