NFTs can solve very specific challenges or pain points like distribution, ownership, and compensation, with robust protocols and capabilities like royalties and access rights built in by design.
NFT Can solve many problems, but managing NFT itself is a big problem for Creators (Artist, Gamers, Musician, Entertainment, Content Owner, Blogger, Influencer, etc.) does not have enough time and knowledge of creating NFT.
The current NFT journey is complex, expensive, and out of reach.
- 1.Choosing the right blockchain to create your NFT.
- 2.Deploying node infrastructure is not so easy for users.
- 3.Writing a custom smart contract is again a big issue.
- 4.Building a system to manage metadata is a challenge.
- 5.Managing your contract on the fly is not even possible.
- 6.Integrate Web3 systems into your product is a headache.
- 7.Analyzing and tracking all the marketplaces is impossible.
- 8.Configure and set up royalties for all participants is issue.