“This article is the last part of a trilogy. The first post discussed the project’s goals, blockchain network, and economics. After covering problems current account solutions face, the second post introduced the first half of standards, on which we will now continue.

The NFT World

Unique non-fungible tokens (NFTs) are gaining significant traction in digital art and collectibles. Use cases in other industries, such as fashion, music, and gaming, are just around the corner. The appeal of NFTs stems from their unique ability to enable actual ownership of digital information without depending on third-party storage. Blockchain networks allow the creation of digital assets that have transferable value and, just like physical assets, can enjoy the benefits of a free-market economy. NFTs often serve as social gateways to online communities that have already developed creative economies with this technology.”

Read the rest of this article here: https://medium.com/lukso/lukso-ecosystem-part-3-9af6bbcc24da