Geotagged NFT

What Are Geotagged NFTs?

Geotagged NFTs are the latest talk of the town. This concept attaches geographic coordinates to NFTs of several well-known street arts across the globe.

Geotagging is the process of adding precise global positioning metadata, including the exact coordinates (latitude and longitude) to digital goods (images, websites, etc.). It is one of the most common ways to embed location-specific data, allowing anyone to search for the item’s original location in concern easily.

Geotagged NFTs are non-invasive. Artists can now sell their work without worrying about detaching the wall it was drawn on. Not only does it allow artists an easy and tech-centric way to monetize their art, but it also enables users to own street art anywhere in the world. 

What Is Unique About Geotagged NFTs?

Geotagged NFTs represent ownership while keeping the beauty of the original art intact. By creating a digital replica of the actual art, artists can monetize their work. Likewise, art enthusiasts can own their favorite art pieces without any geographical constraint. 

All geotagged NFTs are original, and each will contain unique geospatial metadata (latitude and longitude coordinates, altitude, and more). For instance, if there were supposed to be a geotagged NFT for the Statue of Liberty, the metadata for the actual statue would be 40.6892° N, 74.0445° W.

Geotagging NFTs are designed to cater to a growing trend among crypto users looking to combine more real-world data. It connects the physical and digital aspects of art while redefining ownership, benefitting both the artist and the NFT owner. While the owner has the authority to resell the NFT anytime, the artist is entitled to royalty every time the NFT ownership changes hands. 

With experiences in product, graphic, and fashion design, KIWIE continually pushes the boundaries by combining all these elements, making entire street art, fashion items and accessories with unseen ideas.