With the recent explosion of interest in non-fungible tokens (NFTs), it’s no surprise that the world of digital art is beginning to embrace this new technology. NFT art, also known as crypto art, is a new way for artists to sell their work online using blockchain technology. In this beginner’s guide, we’ll take a look at what NFT art is, how it works, and why it’s becoming so popular.
What is NFT Art?
NFT art refers to any digital artwork that has been registered on a blockchain as an NFT. NFTs are unique digital assets that can be stored, traded, and sold on the blockchain. By registering their work as an NFT, artists are able to prove ownership and sell their artwork in a secure and decentralized way.
NFT art is still in its early days, but there are already a number of prominent platforms that are helping to drive its growth. The most well-known platform for buying and selling NFT art is probably SuperRare, which has been described as the “eBay of crypto art.” Other platforms include Foundation, MakersPlace, KnownOrigin, Rarible, and Sorare.
How Does It Work?
If you’re interested in buying or selling NFT art, the first thing you need to do is create an account on one of the above mentioned platforms. Once you’ve done that, you’ll be able to browse through the available artwork and make purchases using cryptocurrency (usually Ethereum). Once you’ve made a purchase, the artwork will be stored in your digital wallet as an NFT.
Why Is It Becoming So Popular?
One of the main reasons why NFT art is becoming so popular is because it offers a more seamless way for artists to sell their work online. In the traditional online art world, artists often have to go through intermediaries such as galleries or print-on-demand services in order to sell their work. But with NFT art, they can cut out the middleman and sell directly to buyers using blockchain technology.
Another reason why NFT art is becoming more popular is because it offers buyers a more secure way to purchase artwork online. When you buy an NFT, you can be sure that you’re getting the exact piece of artwork that you purchased since each one is registered on the blockchain. This is in contrast to traditional online art purchases where it can be hard to verify the authenticity of the artwork you’re buying.
If you’re interested in getting started with NFT art, then be sure to check out some of the above mentioned platforms. With NFTs, artists are able to sell their work in a more direct and secure way, and buyers are able to purchase artwork with greater confidence. As the world of digital art continues to evolve, we can expect to see even more innovative uses for blockchain technology emerge.