All posts tagged: NFT Art

A Refreshing Era for Art: Digital Crypto Art and NFTs

Blockchain technology enabled the expansion, appreciation, and collection of art to break through the three-dimensional barrier, to now, take place in a fully digital way in the form of NFTs. Digital crypto art pieces are making headlines as they auction for staggering amounts. Artists are discovering novel opportunities to gain recognition and royalties by inserting their digital artwork into the blockchain. A clear example took place in March when artist Beeple auctioned his artwork titled “Everydays: The First 5000 Days” for more than $69 million dollars at Christie’s. It was the first digital artwork (NFT) ever offered at the auction house. The enthusiasm for NFTs is such that international athletes and big enterprises are entering the digital crypto art industry, taking part in the opportunities that the blockchain has generated in the art scene. In this article, we cover the perks of NFTs and how they are empowering artists and marking a refreshing chapter for art. What exactly are NFTs? Non-fungible tokens (NFTs) represent the ownership of a digital asset. In art, these assets can be …