In Malaysia, artists use NFTs not only to make money but also to protect their digital art, using the tamper-proof feature of blockchain. But here [open marketplaces], there are artworks uploaded without the real artist knowing about it,” he says. But they are hopeful about the future of this particular form of digital tokens, especially in relation to the local digital art market. NFTs open up a new way for digital artists to make money from their work. Buyers would be able to know that what they are buying are genuine digital products and this creates value for digital art.

Source: The Edge Markets May 16, 2021 16:30 UTC