Blockchain technology has been changed forever with the addition of non-fungible-tokens. The NFTs are unique files that live on a blockchain and can verify ownership of a work of digital art. The digital assets vary in form and can be anything from a meme to a real piece of art. Art collectors have started to invest in this new kind of painting. What was thought to be a temporary thing seems to be more permanent and might change the art industry forever. 

NFT is big money

Usually, when we think about a piece of art we think about a painting. Mona Lisa, The Last Supper or the Girl with a pearl earring may come to mind. In the future, this may change to Cryptopunks, Winter Bears or CyberKongz. These are names of NFT artwork that has gotten ever more popular over the last couple of years. In 2021 it culminated in the artist Beeple selling his work Everyday: the First 5000 Days for a staggering 69 million last year.  Being sold at Christie’s, it was the first piece of purely NFL artwork to be offered at a major auction house and is the 6th most expensive piece of art sold by a living artist.  

Art collectors have now started speculating in digital artworks and several collections have appeared online where everyday people can find a work of their liking in price and appearance. Stay up-to-date with the trends at https://buynft.com/ and you might find out that you would like to buy an NFT for yourself or as a present for someone else.    

(Unsplash) 

Digital art is now unique

As earlier mentioned, NFT-artworks have been sold for millions of dollars at Christie’s, but this wasn’t possible just a few years ago. None of the larger auction houses would sell any digital pieces of art as anyone could copy them. With Blockchain technology the art pieces get a unique NFT that cannot be copied. This means that digital images, videos, audio and animations can have a unique NFT and be pieces of art. Pieces of the art industry and pieces at an auction house. 

More accessible market 

Usually, it can be pretty hard if you are an art painter to get recognized and start making money on your paintings. Right now, there are not as many well-renowned NFT-artists creating art, which might also be the reason why a 12-year-old has been able to make hundreds of thousands of dollars. 

Storage

When you are buying a piece of art you usually have to store it somewhere, as it has some kind of physical appearance. With the NFT-Artworks that is based on blockchain technology, you can store the piece of art on your phone or computer with a digital wallet. This means that you don’t have to store your art in a room that is 70 degrees Fahrenheit all the time to keep your pieces of art safe. With new digital frames, you will however still be able to display it in your home and brag to your friends about your new unique artwork.