What is an NFT and An NFT Art — Jan 29, 2022

Regia Marinho
3 min readJan 29, 2022

Keep Calm and NFT on.

For art lovers and everybody else.

CIRCULATION #29 (Bright and Happy Day)

CIRCULATION #29 (Bright and Happy Day).

Surreal abstract maximalist digital art in blues, yellow, red, pink, green, and black.

Created by Regia Marinho.

Edition of One

Square Digital Image.

File size 2640 x 2640 px — 2.8 MB, PNG file.

Smart contract address: 0xe8c464642368e25dE5E8a645f42Ae80198ff5a5d

NFTs or Non-Fungible Tokens are digital assets that can be bought and sold, typically representing a piece of digital content.

NFTs can be bought and sold on a secondary market

  • be used as a means of exchange
  • be used as a reward system
  • be used as a store of value
  • be traded on a blockchain
  • be used to create a unique, online avatar
  • be used to pay for goods and services
  • be used to create unique digital assets.

NFTs are often referred to as non-fungible tokens, a term that is used to describe a token that is unique and non-divisible.

The non-fungible nature of an NFT means that each token is unique, and it cannot be broken down into smaller units.

Think of an NFT as digital, exclusive proof of ownership of a unique asset, like a receipt that you can’t lose and that can’t be duplicated or faked.

It’s a secure way of proving that something is yours.

And that something can be just about anything digital, like art, a tweet or a trading collectible or even something physical, a painting or concert ticket.

An NFT art is able to track the creator of the artwork, the ownership, and the market value.

NFTs are a digital entity that reflects real-world assets such as art, music, videos…

For example, an artist can publish a digital image as an NFT and put it up for sale to the highest bidder.

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Regia Marinho

I write about ideas, technology, the future and inspire the world through art. Artist. Civil engineer. https://regiaart.com