How the Watchers NFT Project is Disrupting the NFT, Blockchain, and Web 3 Eco-System
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Nothing pushes society forward quite like technological innovation and cultural movements. As technology advances, so too does human progress; every new technological innovation presents humanity with more opportunities to push societal progress forward as well as with more opportunities to maximize their individual potential. As new cultural movements arise, humanity’s understanding of itself and purpose evolves; every new cultural movement presents humanity with more opportunities to reimagine who they are and what we are capable of as a society.
Non-Fungible Tokens, or NFTs, is a market-moving technological creation that marries the inventive blockchain technology with culturally significant artwork. Non-Fungible Tokens utilize the cutting-edge Ethereum blockchain technology to associate a completely transparent and permanent certificate of ownership and authenticity with each ‘token’ or piece of digital art minted on the blockchain. Colloquially, NFTs are more than just ‘digital art’ precisely because these digital works live inside the secure Ethereum blockchain thereby permanently logging a record of ownership associated with the artwork that cannot be altered; this record is completely transparent for anyone who wants to look.
Acting as a secure online logbook for the history of ownership and of subsequent transactions, the Ethereum blockchain is not only securing digital art, it is also creating a new market for these digital works as people are more likely to buy and sell NFTs due to the level of security surrounding ownership. Further motivating transactions, this technology also enables previous owners to
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