To extend the reach of Digital Assets, they should conform to Industry Standards
Digital assets, representing ownership and provenance of unique items like art, music, and collectibles, have taken the creative and financial worlds by storm.
However, for Digital Art and NFT to truly become mainstream and realize its full potential, it must adhere to established industry standards, such as the Linked Art Model.
The Power of Standards in Digital Art
1. Interoperability:
One of the primary advantages of adhering to industry standards is interoperability (interoperability is the ability of two or more components or systems to exchange, access and understand information).
When Digital Art conform to a common standard like the Linked Art Model — Linked Art is a Community working together to create a shared Model based on Linked Open Data to describe Art — they become easily compatible with various platforms, marketplaces, and applications.
This interoperability allows NFT owners, creators, and collectors to seamlessly engage with the NFT ecosystem.
2. Enhanced Metadata:
NFTs rely heavily on metadata — information that provides context, authenticity, and value to digital assets. Standards like the Linked Art Model ensure that this metadata is well-structured, consistent, and reliable.
This is particularly crucial in the art world, where provenance, artist details, and other attributes play a significant role in determining the value and authenticity of a piece.
3. Accessibility:
Industry standards make NFTs more accessible to a wider audience. They allow developers and users to create and interact with NFTs using familiar tools and interfaces.
This lowers barriers to entry for artists, collectors, and enthusiasts, fostering greater participation and innovation within the NFT space.
4. Trust and Credibility:
Compliance with industry standards instills trust and credibility in the NFT ecosystem.
When creators and collectors know that their NFTs adhere to established guidelines like the Linked Art Model, they can have confidence in the authenticity and accuracy of the information associated with their digital assets.
How Vitruveo is Pioneering Compliance
At Vitruveo, a blockchain ecosystem tailor-made for creators, we understand the pivotal role that industry standards play in the digital art and Web3 space.
We are making versatile art discovery system is made possible by Vitruveo’s robust metadata infrastructure. Every artwork within the Vitruveo ecosystem contains attributes like creation details and provenance that adhere to industry-standard tools and the Linked Art Model.
The Linked Art Model
For visual art, Vitruveo has chosen to adopt the Linked Art Model, a widely recognized standard used by museums and galleries to define rules for recording, presenting, storing, and sharing information about artworks.
By implementing the Linked Art Model, we ensures that the digital art in our ecosystem adhere to industry best practices, enhancing interoperability, metadata quality, and accessibility for both creators and collectors.
Vitruveo’s commitment to adhering to these standards underscores our dedication to empowering creators, enhancing trust, and advancing the NFT ecosystem towards a more inclusive and robust future.
As we embrace these standards, we are extending the possibilities of digital art, music, and collectibles for everyone.
What now?
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Let’s unlock sustainable creative expression using the power of blockchain technology.
Let’s drive the Creator Economy.
