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.
NFT are unique digital works encrypted with the artist’s signature, confirming their authenticity and ownership.
Demonstrating a mastery of the art that used to be ephemeral can change the landscape of artists working in digital art and media, film, and motion graphics.
A great moment for NFT and the art market was Christie's recent sale of a digital collage by American artist Beeple for $ 69 million. Beeple and Christie recently conceived and sold their first NFT artwork for millions of dollars in cryptocurrency.
Critics argue that although art-based NFTs have formed a bubble that will eventually burst, they point to the huge potential of digital artifacts living on the Internet, providing another option for our current art-based economy.
No longer relevant, the era when the physical world must keep pace with the digital world.