Bik Data X's Eyeman Elaborates On How Ünga Can Accelerate Economic Empowerment For Creators
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The term non-fungible means there is no equivalent for which the item can be exchanged. When it comes to NFTs, blockchain technology is used to establish the uniqueness and ownership of a piece of digital art, which is then sold via a platform. Furthermore, each sale of this art is recorded on the blockchain, creating a digital provenance that is inalterable by anyone. NFTs are bringing the possibility of art ownership to the masses, which historically has been reserved for the wealthy. They are also especially appealing to millennials and Gen-Z, who tend to have a greater appreciation for digital platforms. The value of art, regardless of its form, has always been a subjective thing; now, instead of that value being determined by a relatively small group of experts, it is now determined by the public. This allows artists to monetize works such as memes that are shared for free over social media and elsewhere on the web.
To help drive acceleration of NFTs and the overall platform, Ayman Kabalan (aka “Eyeman”), an SAP and blockchain expert, is the founder and inventor of Bik Data X, and he Ünga in honor of his son Zayn. He created a hit single called “Zayn”, and it amassed over 7 million views on Youtube. This experience allowed Eyeman to catapult to the forefront of the french rap area. Knowing the potential of his work, he turned himself into a product by releasing a song into the blockchain, which became offered as an NFT collect. Ünga can be used in the digital collectible industry where a form of digital assets can be identified, purchased, traded and sold without ownership disputes or infringements on IP rights. Moreover, digital collectibles have only recently become a reality with the emergence of blockchain technology. The types of collectibles include everything from artwork, film and TV, media, live events, publishing, auction facilities, sports memorabilia, and animation collectibles.
Ayman Kabalan is so bullish on Ünga, he has explained that “There’s no reason why any influential creative in this era would release their art in any other format than an NFT unless they truly don’t understand the power of blockchain technology and how NFTs change the scope of direct to consumer offerings.”
This article is provided for informational purposes only and should not be interpreted as investment advice. All investments involve risk of loss. Any reference to an investment’s past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit.
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Topics : technology industry
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First Published: Dec 14 2021 | 8:42 AM IST