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Adobe jumps into the Non-Fungible Token Ecosystem with ‘Prepare As NFT’ Photoshop Tool

Adobe Jumps Into Non-Fungible Token Ecosystem With 'Prepare as NFT' Photoshop Tool

Adobe Inc. is an American multinational computer software company, well-known for its platforms such as Photoshop and Illustrator. It has now entered the universe of non-fungible tokens (NFT). According to Adobe chief product officer Scott Belsky in a recent interview with The Verge, “NFTs will change creativity.”

New Adobe Photoshop Tool Will Assist NFT Creators in ‘Packaging and Preparing, Along With the Attribution Capabilities’

Adobe’s software company has released a Photoshop tool that allows users to pre-construct images for non-fungible token applications (NFT). On October 26, Scott Belsky, Adobe’s chief product officer, spoke in an interview with The Verge’s Nilay Patel about the firm’s deep dive into the world of NFTs.

The new Adobe Photoshop tool allows users to create specific credentials that allow popular markets like Opensea to read the metadata. Belsky stated that he is optimistic about the NFT industry during a conversation with Patel.

Belsky stated that the “prepare as NFT” option would be available by the end of the month. However, users can now add their NFT credentials to the Photoshop latest release.

” “It will take what you’re currently working on and help you in packaging and preparing it together with the attribution capabilities…for some of the most popular minting platforms or blockchains out there,” said an Adobe executive.

Adobe Chief Product Officer: ‘No Changes to Photoshop Format — Open-Source Framework’

The Verge’s Patel asked Belsky whether there were any changes to the Photoshop format. The chief product officer replied no. “No changes to the format. The cryptographic signature points towards an IPFS-powered system that displays you the attribution data,” Belsky stated during the interview.

” But again, it’s decentralized and open-source. Adobe executive added that anyone can cryptographically sign any item from the tool used to create it.

The chief product officer at Adobe added:

And that’s great, because we don’t want this to be anything that is proprietary to Adobe or part of one of our formats, that would negate the purpose.

The news that Adobe has added an NFT tool to the Photoshop platform follows Deviantart’s collaboration with Opensea, as well. Opensea and the world’s largest online gallery of art created tech to detect NFT infringement. Deviantart announced that it had expanded its system to detect near matches of non-fungible tokens (NFTs), submitted over the Internet.

What do you think about Adobe adding an NFT feature to the popular Photoshop platform? Please comment below to let us know your thoughts on this topic.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. This article is not intended to be a solicitation or offer to buy or sell any products or services. Bitcoin.com does not provide investment, tax, legal, or accounting advice. The author and the company are not responsible for any loss or damage resulting from or in connection to the content, goods, or services discussed in this article.

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