If you have been on the internet in the past few months, you’ve probably seen people talking about NFT art. But what exactly are these things, and why are they so popular?
The internet is a bizarre and wonderful place, and one of its latest trends is NFT art.
Think of it as a digital version of a physical painting or sculpture — except that instead of a tangible object, you’re buying a unique file that can be stored and displayed online and cannot be replicated or pirated in any means.
What are NFTs?
You’ve probably heard about NFTs at this point. But for the uninitiated, NFT stands for “non-fungible token.”
In cryptocurrency, a fungible asset can be interchangeable with other assets of the same type such as dollars for example. Non-fungible means that each asset is unique and not interchangeable.
NFTs are stored on the blockchain, a decentralized ledger that records all transactions. Because they’re stored on the blockchain, NFTs can’t be counterfeited, which makes them unique.
So while you might think that someone is absurd for paying money on a digital file, remember that each NFT is unique and can’t be duplicated. That’s why people are willing to pay large sums of money for them.
What is NFT Art?
NFT art is a type of digital artwork that is stored on the blockchain. Since these pieces are “non-fungible tokens,” each NFT art is unique and can’t be replaced by another piece of art.
This asset exists exclusively in the digital realm. But since you own it, only you can sell it, display it, or do whatever you want. NFT art is created by artists using various digital tools.
Some artists use 3D rendering software to create their art, while others use more traditional 2D drawing programs.
Right now, the five most popular NFT art include ‘Quantum’ by Jeff McCoy, ‘Everydays – The First 5000 Days’ by Beeple, ‘Ringers’ by Dmitri Cherniak, ‘Gucci Ghost’ by Trevor Andrew, and ‘Genesis’ by Trevor Jones and Jose Delbo.
NFT art can be any type of digital file: an artwork, a piece of article, music, or even a classic meme. To add more context, the famous meme ‘Disaster Girl,’ which features a 4-year-old girl grinning next to a burning house, was sold as an NFT for $500,000.
Why is NFT Art So Popular?
NFT art is so popular because it’s new, and people are still trying to figure out what it is and what it can be used for. So there’s a lot of excitement around the possibility of NFT art, and as with any new technology, there’s also a bit of hype.
NFT art has been the buzz of late, with different platforms such as Foundation, SuperRare, and Rarible popping up to help artists sell their work. And some of these pieces have been fetching quite a high price tag.
What Does NFT Art Mean For Creators?
For artists and creators, NFT art is a way to sell their work in a new and exciting market. It’s also a way to get exposure to their work and to reach new audiences.
With everything now found online, it’s no surprise that art has also gone digital. And with the rise of NFTs, we’re seeing a new way for artists to express their mediums and sell their work.
If you’re an artist or creator, then NFT art is something you should keep an eye on. With the right platform and some creativity, you could be selling your work for a high price tag in no time.
Some people see NFT art as the future of the art world since it allows artists to sell their work directly to buyers without going through an intermediary. Plus, NFT art can’t be replicated or stolen, which gives artists more control over their work.
Despite the growing hype, NFT art is still in its early days, and it’s hard to say where it will go from here. But one thing is for sure. NFT art is here to stay, and it’s something worth keeping an eye on.