NFT - digital art
The brave new world of Art
What is a NFT?
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NFTs (non-fungible tokens) are unique, digital assets that are secured by the blockchain. They can take the form of tangible along with (more common) intangible items such as digital: music files, art, and real estate. These often take the form of JPG, MP3, or GIF. Each individual token is stored on the blockchain, meaning a digital certification is created – this provides verifiable information as to who the owner is and allows the NFT to be stored in the database.
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NFTs have made it possible for items within the digital world (such as art) to be owned and traced back to a single person due to blockchain technology. Non-fungible tokens create the verifiable ownership of a specific piece of work as well as the list of owners who had previous possession of it.
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This is a concept that already exists since 2014. As Blockchain technology becomes the backbone of the new internet (3.0) the NFT space provides a much needed platform for the birth of new asset classes.
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Looking to the future I decided to digitalise my art. These NFTs are available on various platforms.
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