New NFTs art, I just posted on Mintable.
NFT is a special type of Cryptographic Token that represents something unique like digital art.
NFTs are created for digital artworks to trade and own, managed by the Ethereum blockchain.
Ethereum is a decentralized, open-source blockchain with smart contract functionality.
Ether (ETH) is the native cryptocurrency of the platform.
It is the second-largest cryptocurrency by market capitalization, after Bitcoin.
The CryptoArt ownership is tracked via a smart contract on the Ethereum blockchain.
A Unique Digital Work of Art.
A non-fungible token is a special type of cryptographic token which represents something unique.
For example a painting, an sculpture, a drawing made with an iPad, a template, digital art, a house, a car…
The non-fungible tokens are not mutually interchangeable.
In contrast to cryptocurrencies like bitcoin, and many networks or utility tokens that are fungible in nature. Wikipedia.
An NFT is a unique digital token encrypted with the artist’s signature.
It’s identified on the blockchain and verify the rightful owner and authenticity of the original digital creation.
Digital Art has a long history as an artistic medium.
When an NFT based digital creation is acquired today, the buyer receives the artwork file containing a digital signature from the artist.
And all details including time of creation, edition size, and a record of any prior sales.
These details are permanently attached to the artwork, providing a guarantee of value.
This development has effectively lead to a new era for digital artists.
Christie’s auction house is at the forefront of this long-awaited breakthrough.
The non-fungible tokens first became popular when CryptoKitties went viral.