Is Your Non Fungible Token Art Secure?

You may not realize it, but your artwork, while living in virtual space, is actually just sitting on a server waiting for hackers to come and steal it. But what if you could protect your art with the same security provided to the blockchain by storing it on an ownership smart contract?

What Is a Non Fungible Token?
Non fungible tokens are more personal than fungible tokens. They are also much more expensive to produce. Fungible tokens, on the other hand, are worth about the same amount regardless of who owns them. They are often used for business transactions where the value is not that important.

Hyperledger and Crypto Art: A Natural Combination
The digital art world is getting more and more attention, but the future of the art world isn’t just for the rich. Crypto-art can be a way to democratize access to art. Hyperledger’s sidechains could help the crypto-art world grow by providing a scalable platform. Hyperledger and the Future of Finance: A World Without Borders. We’re in a new age of technology and we need to figure out how it will impact our world. Hyperledger helps to democratize access to finance for all.

The Benefits of the Blockchain
Blockchain technology offers many benefits to the art world. First, it is tamper-proof which provides much higher security than paper certificates. Second, the transparency of the blockchain allows for a more accurate and safe way of tracking and verifying ownership. Third, blockchain technology doesn’t require an entire organization or company like a traditional database does.

Why Store Cryptographic Art on the Blockchain?
The blockchain is a decentralized, distributed ledger. The best way to store cryptographic art on the blockchain is through the use of any number of digital signatures. These signatures are mathematically secured and can be verified by anyone using public key cryptography. Digital signatures are especially useful when the art is to be transferred from buyer to seller or from seller to buyer. The buyer can use digital signatures to verify that the seller possesses the art, and the seller can use digital signatures to verify that the buyer is who they say they are.

How to Protect Your Art from Hackers
Non Fungible Tokens (NFTs) are coded to represent ownership of one unique piece of digital art. They are usually stored on the Ethereum blockchain along with the owner’s private key. The first step in protecting your tokenized art is ensuring that you never share your private key on social media sites like twitter, slack, etc. Additionally, make sure you password protect your wallets on your computer and on your phone.

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