The choice of where to mint and sell NFTs is not random but rather a strategic decision influenced by a combination of technical, financial, artistic, and community-related factors. Artists typically weigh these considerations to determine the best platform or blockchain for their specific needs and objectives.
Security tokens (fungible) represent ownership in real-world assets and are subject to securities regulations, while NFTs represent ownership of unique digital assets and used in various creative and entertainment-related applications.
Coins and tokens are both terms used in the cryptocurrency and blockchain space, but they refer to different types of digital assets with distinct technical characteristics. In summary, coins are native currencies of their respective blockchains, while tokens are digital assets built on existing blockchains using smart contracts and can represent a wide range of assets and utilities.
Generative blockchain art often engages a new audience of collectors who are interested in owning unique digital items with verifiable scarcity. The NFT ecosystem fosters a sense of community among artists, collectors, and enthusiasts, with interactions often taking place on social media and blockchain platforms.