Digital art NFTs have taken a critical significance in the current blockchain landscape. Their high-profile adoption from the jet-set community and incredible profit opportunities put them under the spotlight for the mainstream investor. They also enabled artists to reach a larger public and provided them with easy-to-use platforms to do so.
However, there are some very damning concerns that have arisen in this particular niche. First of all, the environmental impact of NFTs is very real, and many consider them a wasteful application of blockchain. Moreover, the countless number of scams and rug pulls that left both artists and collectors empty-handed have considerably damaged their image in the mainstream media. And finally, many artists have been disillusioned by NFTs as a quick cash grab and a get-rich vehicle for the already wealthy.
Continue reading Orica Ethical NFT Platform Review – Can NFTs Really Do Better?