How Copyright-enabled NFT becomes the game changing solution for NFTs

It is Crystal clear that NFT (Non-Fungible Token) takes the next rally in the crypto space. Since the inception of Blockchain which brought about disruptive change in the way things are done all around the world, different concepts have evolved and people have keyed into it to make their fortunes and others have had their fingers burnt with total regrets.

For instance, the year 2017 witnessed the ICO 'craze'. Different projects came out with Initial Coin Offering regardless of whether they have workable concept or not. Many people rushed into it, only individuals can tell what the experience was, but on a general note, many projects that raised ICO didn't eventually launch their MVP and life goes on.

Year 2020 witnessed a phenomenal increase in the adoption of Decentralized Finance (DeFi) and the rally is still on to a large extent.
Life is evolving and so are concepts. It takes a wise person to look ahead and envisage which concept will take over in the nearest future.

Before now, it has been an harculean task for artists all around the world to sell their artworks. Many artists are really gifted and talented but what they make out of their creativity is not enough to hold on to as means of livelihood.

Many artists move from exhibitions to exhibitions in order to display their artworks and get buyer to exchange their creativity for monetary rewards. But sad enough, many artists pay heavily to attend exhibitions, coupled with transportation cost and man power needed to move their works to the exhibition centers. At the end of the events, many of them come back with money that is not even enough to take care of the overhead cost. This is sad.

Thanks to the Blockchain technology which made it possible for artists to mint their works as Non-Fungible tokens and make them available for anyone who wants to buy their works from any part of the world.

This concept has solved a major problem both on the part of the artists and even collectors. Many artworks collectors desire to acquire outstanding and creative artworks but their desires seem unfulfilled due to limitation in number of artworks accessible to them. With concept of NFTs, it's a dream come true for artworks collectors.

Nevertheless, NFT collection still has some limitations that makes it not viable enough to attract some conventional artworks collectors. For instance; NFTs (Non Fungible Tokens) currently don't have the transfer of copyright of the work to the collectors. Meaning that, when a collector buys a particular Non-Fungible token, he does not have the copyright of the purchased item.

Moreover, centrally hosted servers are used in the storage of the NFTs which are vulnerable to attacks and could bring about loss of intellectual properties and emotional instability.

In addition, there are no opportunities for artists to receive commission from third party's sales of their works

Also, there is no means of detecting items that are overvalued or undervalued when collectors are about to buy or how to even know if an NFT is genuine or a mere plagiarized work.

HUP.LIFE

HUP.LIFE is a special platform that enables artists to sell Copyright-enabled Non Fungible Tokens (ceNFTs) which is in accordance with the best international copyright and securities law practice.

With this platform, artists are better positioned for greater productivity and profitablity, also collectors have found safe haven to purchase NFTs without any fear of buying plagiarized artworks

One of the things that excites me about this project is the endorsement it has by some big shots in the world of technology. People hardly give their credence to projects without solid background and good prospects, because their reputation is at stake. One of the big shots who endorsed HUP.LIFE is Steve Wozniak, Apple Co-Founder.

With HUP.LIFE, artists would be able to receive some certain percentage as royalty from the future re-sales of their digital artworks by subsequent buyers.

Collector could also be rest assured of getting authentic NFTs with guarantee as the authenticity of any submitted artwork for minting is determined through double layers of validation using image recognition engine coupled with a consensus mechanism that reveals any evidence of copyright infringement.
This is an outstanding process that makes HUP.LIFE a great source of original art works.

Decentralization is a big phenomenal in the world of Blockchain as it enables high level of security and remote mode of operation. Instead of storing minted NFTs on centralized servers, HUP.LIFE will have them stored on decentralized cloud to secure the metadata file. This will enable the hosting to be immutable with several nodes running at the same time to ensure permanence of NFTs.

HUP.LIFE has a governance token known as HUP which is used as a medium through which artists and collectors trade NFTs. Hup automatically burns and pledges contribution to charity at every transaction.

You could get to know more about HUP.LIFE through:
Website
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My Bounty0x Username is Petoz