what is aN nft?
For the last year or so, you may have read or listened to people talking about NFTs. Even though NFTs have been a thing since 2014, they really gained popularity in 2021. While many people have been curious and already jumped in the wagon of this new form of art, there are plenty of others reluctant to even learn about it. I first started hearing about NFTs at the beginning of last year on many conversations by fellow artists in the industry, and right away, I was intrigued.
So, what is an NFT? NFT stands for non-fungible token. These non-fungible tokens are mainly digital assets that are unique in the digital world.
But, how are the unique if anyone can download or copy and paste anything in the digital world? Just exactly the same way taking a picture of Mona Lisa in the Louvre or saving its picture from Google doesn’t give you ownership of it. In the case of NFTs, the buyers receive exclusive ownerships rights of the art.
NFTs exist in the Ethereum blockchain and they posses unique digital signatures which give them authenticity and make them impossible to reproduce.
So, do buyers receive the copyright of the art when they buy an NFT? NO. The copyright remains with the artist unless is specified in a contract.
For us artists it means an exciting new way to profit from our art.
While I have been researching the NFT world for quite sometime, I recently listed two NFT Collections in two different platforms and I’m quickly falling in love with the NFT Community. You can check them out in the links below.