Geotagged NFTs are a recent trend that seems to be taking over the NFT space. This type of digital asset comes with geographic coordinates of different popular street arts globally.
The geotagging process incorporates metadata that showcases the exact location of a place to digital content. Usually, it contains the coordinates of a place, which includes the longitude and latitude, and is added to any type of digital content like websites, images, etc.
If a person wants to add location data to content, they can do it this way. Geotagged NFTs allow street artists to sell their pieces without removing them from the wall that they were drawn on. Some street arts may not easily be monetized because they are attached to a wall on the streets and can't be detached to be sold at a private auction.
Geotagged NFTs allow street artists to easily monetize their art. Apart from that, people can also own the street arts once they purchase the geotagged NFTs.
A benefit that comes from Geotagged NFTs is that people can own beautiful street art without compromising on the original art. The original art is still available to be viewed on the street.
Another perk is that lovers of art can own these art pieces no matter where they are in the world. An art collector in the United States can hold the art on the street of Johannesburg.
Every geotagged NFT is original and comes with peculiar geospatial metadata that includes latitude and longitude coordinates, altitude, etc. This type of NFT is changing the way art and ownership are viewed. People can now own different street arts from graffiti to illustration, no matter where they reside.