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How do NFTs fit into the larger trend of decentralization and the shift away from centralized systems?

Curious about nfts

How do NFTs fit into the larger trend of decentralization and the shift away from centralized systems?

NFTs are part of the larger trend of decentralization and the shift away from centralized systems because they rely on blockchain technology, which is decentralized and transparent. This means that NFT transactions are not controlled by any central authority, but rather are verified and recorded by a distributed network of computers. Additionally, NFTs allow for the ownership and control of digital assets to be decentralized and transferred directly between individuals without the need for intermediaries such as galleries or auction houses. This allows creators and collectors to have more control over the distribution and monetization of their digital assets. Overall, NFTs represent a new way of thinking about ownership and value in a decentralized and transparent ecosystem.

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