Nowadays, news on the Internet travels faster than light. There is so much information that it seems next to impossible to keep your finger on the pulse. Take, for example, NFTs. The trend emerged like a bat out of hell, and now it is one of the most discussed topics in the public eye. If you have heard about NFT art, and yet it is still all Greek to you, do not be surprised because you are not alone. So what on Earth is it? The answer is closer than you think.
NFT Art: What Is It, and How Does It Work?
To understand the general concept of crypto art, you need to start from the very beginning. NFT stands for a non-fungible token or, to put it simply, an item or object of some unique and irreplaceable value. What it basically means is that you have something digital, be it a picture or a song, which can potentially be an investment asset. Being part of blockchain technology, NFT art goes hand in hand with cryptocurrencies, so you can actually buy art online with both e-money and real money.
Another point to consider is the value of such art. The art community is mostly skeptical about crypto artworks, and for a good reason. The thing is that one cannot define the real value of NFT art. The question of what makes it unique and valuable has yet to be answered. On the one hand, it is a favorable opportunity for many emerging digital artists who can now join the marketplace and start selling their art without much fuss. On the other hand, the whole situation is still so volatile and unstable that it is hard to say for sure how all this will turn out in the future.
Many celebrities and brands have recently started following the trend, making it even more viral. As for you, it is your personal choice whether to accept it, deny it, or ignore it. Stay tuned!