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What NFTs Will Transform In the Art World?
I’m creating an NFT art while writing this piece.
An NFT is a piece of data verifying that you have ownership of a digital item, such as a piece of artwork.
The items can also include art, a video clip, a tweet, and more. NFTs are recorded using blockchain technology.
A blockchain is a decentralized, digital ledger that tracks transactions of items and assets.
Artists are creating Non-fungible tokens (NFTs) to grow their work for their fans on the web.
Some people are convinced NFTs are the best thing since sliced bread.
Digital art has a history of at least several decades, but until recently, its collection method was different from paintings or sculptures, and difficult to distinguish between originals and reproductions.
Artists are selling digital art for download on Etsy for some time.
Now, with the non-fungible tokens (NFT), art institutions are eager to adapt to a new type of transaction that generates amazing auction prices.
After the artist Mike Winkelmann, known as Beeple, sold NFTs for his digital artwork Every Day — The First 5000 Days for $ 69 million, the value of digital art has been recognized and respected.
