The NFT ecosystem has come a long way in the last two years. From being a niche internet microcosm to becoming a multi-billion-dollar industry, if one thing has become clear recently, it’s that NFTs are going to have a major impact on society for at least the next few years.
Just as the market has changed since Beeple made international headlines with his $69 million Christie’s auction, so too have the diverse ways that NFTs are being used to monetize intellectual property (IP). Although digital art has always been at the core of the NFT space, music, sports memorabilia, and even scientific documents can now be traded on the blockchain.
With NFTs, a diverse range of content creators and owners have found it possible to monetize their IP in a way never thought possible. It’s no longer just digital artists and NFT traders profiting off of non-fungibility, it’s comedians, writers, skateboarders, and even more.
