Send Energy to Parsa. Digital artwork by © RegiaArt.

What NFTs and Crypto Art Means, Non-Fungible Token

Regia Marinho
3 min readMar 12, 2021

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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.

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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