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

Adobe Inc., the American multinational computer software company that’s well known for its platforms like Photoshop and Illustrator, has jumped into the non-fungible token (NFT) universe. According to Adobe chief product officer Scott Belsky in a recent interview with The Verge, “NFTs will change creativity.”

The software company Adobe has launched a Photoshop tool that allows creators to pre-construct the images for non-fungible token (NFT) applications. 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 will allow users to add specific credentials so popular markets such as Opensea can read the metadata. During the interview with Patel, Belsky said he was bullish about the NFT industry.

Belsky disclosed that the ‘prepare as NFT’ option would be available by “the end of this month.” However, the new feature has been added to the latest Photoshop release and users can add their NFT credentials.

“It will be able to take whatever you’re working on and it will assist you in packaging it and preparing it along with the attribution capabilities… for some of the popular minting platforms and blockchains out there,” the Adobe executive said.

The Verge’s Patel asked Belsky if there would be any changes to the current Photoshop format and the chief product officer said no. “Yeah, no changes to the format, and the cryptographic signature points to an IPFS (Inter-Planetary File System)-powered system that shows you the attribution data,” Belsky stressed during the interview.

“But again, it’s a decentralized storage source and it’s an open-source framework. So that, again, anyone can cryptographically sign anything from within the tool that’s used to create something and then you leverage the same system,” the Adobe executive further remarked.

The Adobe chief product officer 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. The world’s largest online art gallery and Opensea crafted tech in order to detect potential NFT infringement. “We’ve expanded the scope of our system to identify near matches of minted non-fungible token (NFTs) submitted across the Internet,” Deviantart’s announcement said on July 1.

What do you think about Adobe adding an NFT feature to the popular Photoshop platform? Let us know what you think about this subject in the comments section below.