Benefits of collecting art as an NFT

What are some of the benefits of an NFT?

Scarcity: Since NFTs are non-fungible and stored on a blockchain, the owner of an NFT associated with an asset, typically a digital one, such as a digital work of art, knows that they alone hold that specific NFT.

In some cases, an artist or rights holder may elect to have a smart contract generate a limited number of NFTs for the same work, similar to the manner in which an artist might release a limited edition of a physical work. A buyer of an NFT, looking at the NFT code, would be able to see the number of NFTs that could be generated as part of a limited edition.

Authenticity: Once an NFT is minted on the blockchain it is a unique token that anyone can view and access to confirm the metadata, ownership history, TokenID

, blockchain address and other underlying information. In addition, since transactions on a blockchain are publicly viewable, buyers can see the address from which the NFT was first minted.