NFTs are everywhere, literally! And it has literally broken the internet. From social media to news channels, this hot topic has left millions thinking, why so much hype?
The recent rise in the NFT has revolutionized the creative industry as artists, graphic designers, and creators are curious about what is there for them in NFTs? Let’s find out here!
What is an NFT Art?
Non-Fungible Token (NFT) comes in all types. It could be a picture made with the traditional canvas or software, a photograph, a musical composition, a video, writing, musical composition, or even digital games. Basically, anything can be considered digital art and then converted into NFTs. Additionally, physical art transformed into digital art can also be considered NFT art.
How Does NFT Art Works?
Someone with the ability to create and innovate can dig into NFT art! You just have to take a piece of creative work, convert it into NFT, and then market it on one of the dozens of NFT marketplaces.
Moreover, if you wish to be a digital art collector or may have sole rights to a digital creation’s use, or you may want to collect the royalties by using the others’ digital art online, you can easily use the same market places to buy NFT to ensure your ownership.
Is It Same As Traditional Art?
So far, the NFT art has been highly speculative. Just like in traditional art collections, investment in NFT can also be a speculative game. Also, the value of the creative work is determined by the different individual factors such as the scarcity of their work, the reputation of the artist, art uniqueness, and the price fellow art enthusiasts are willing to pay for the NFT art piece.
All in all, NFT art is the future and could reshape the values of what it means to be an artist/creator while helping them monetize their work like never before!