So what are Non-Fungible Tokens? They are a new cryptocurrency asset that is only available on the Ethereum blockchain — The first use cases of Ethereum. To put it simply, NFTs represent an asset that is created in a fixed amount and can be traded with other people.
NFT stands for “Non-Fungible Token.” NFTs are unique digital assets stored on the blockchain — the same technology that drives the Bitcoin network.
NFT, or Non-Fungible Tokens, are virtual tokens that are non-interchangeable, meaning each token is unique. NFTs represent ownership of a digital or physical asset. The etymology of non-fungible is derived from the “fungible” term in finance and economics — an asset or commodity that can be freely exchanged for another identical asset or commodity of similar value.
The NFT Artist Project combines blockchain technology with generative art to create digital assets that can be traded. Digital Art is cool, but it’s hard to store for long periods of time, and even harder to trade because of the cost associated with verifying the authenticity of a piece. NFT solves this by layering a blockchain network on top of digital art, while creating a community driven visual artwork registry by exhibiting and cataloging the works in physical spaces around the world. As an added bonus, NFT provides an easy-to-use toolkit for generating your own art.
Get onboard the cryptocurrency train and join the NFT art movement. You can now create digital assets — legendary pieces of art that are valued through expert evaluation and collector interest.
NFTs share a unique advantage over physical art, they can be sold to anyone in the world with a stable internet connection knowing that it’s authenticity and ownership are verifiably provable through blockchain technology. This is also true for physical works of art as well, but when you consider shipping and insurance costs these adds up to a level that puts it outside of most people’s reach.
The Truth about Art and NFTs: How the artists will actually make money. This is an article showcasing Real art that uses blockchain technology. Alternatives to bitcoin and alt coins. Not a scam at all, Generative art is different.
New technologies are changing the art world. Now, artists can create digital artwork and upload it to a blockchain for easy trading. The rich are trading non-fungible tokens (NFTs) for fun, but what about the rest of us?
I think NFTs are great, but they’re expensive and only the rich can trade them. In my opinion, we should create a community and build utility by creating quality art that’s also useful. That way people can buy and sell it at any price without worrying about a bubble.
I’m an artist, and I’m in love with the possibilities that blockchain is bringing to art.
The digitization of art assets allows art to be truly owned by the creator, without any additional restrictions. This also means that there are no barriers to entry — anyone can participate!
It’s also a new way to build community around art, not just owning it. The sheer number of different digital art assets that are being traded on the blockchain means that you can find people who share your taste and create art together. And if you create something amazing that sparks someone else’s imagination and inspires them to create something amazing in return? Well, now you’re part of a larger community!
I think NFTs are a great avenue for artists to make their work more accessible. Because they’re not limited in any way (other than by the rules of the contract), it’s easy for anyone to pick up and play with them. You don’t need to know how to use a computer or have any special skills. The barrier-to-entry is so low that even kids could play with them!
With all the hype surrounding NFT art, we can’t help but feel like there are some challenges ahead for its commercial adoption. It seems likely that these issues will become even more pressing as the technology behind NFT art continues to advance. But we still hold hope that this technology could lead to new forms of online art — and its monetization.
Artists with NFTs can now be paid directly by their fans, without having to rely on galleries or other intermediaries.
Even if you’re not an artist, there are many other benefits to using NFTs. For example, they can give you access to tickets and merchandise that would otherwise have been unavailable.
If you’re interested in buying art for the first time, NFTs are a great place to start because you don’t have to worry about the overhead associated with physical art. You can also buy from artists who might not otherwise be accessible.
NFTs are a new way for artists to create value in their work, and a way for people who appreciate that work to support it.
Bored Ape GWOP Club NFT Gallery:
Checkout our experimental NFT collections on Open Sea