NFT’S REVOLUTIONIZING THE ART AND ENTERTAINMENT INDUSTRY

Abstract

While over-inflation of value has long been a part of the art world's business model, Non- fungible tokens(NFT) may provide new options for small artists. One of the advantages of NFTs is that royalties are always paid to the creator, even if the value of the artwork or music increases when it is resold. Let’s start to imagine a world without the money-grabbing middlemen of corporate labels in the music industry, where artists make the majority of sales. It is also a life-changing tool for creators of meme culture content. For example, monetizing an art movement that your parents would most likely dismiss as "wasting time." Everyone welcomes a new era of monetized and digitized comedy. The NFT makes waves, whether you love them or despise them, whether you want to buy them or add your own music and art. Too many people are on the lookout for a chance to get rich quickly or an impending disaster that could happen in the early stages of the concept. This paper discusses problems with NFTs, and why they’re not long-term problems. Researcher discuss factors limiting the mass adoption of NFTs related to the technology itself and market conditions.