MORE IDEAS FROM How a 12-Year-Old Made Over $160,000 in Ethereum on NFTs in One Day - Decrypt
The NFT collection is Weird Whales —a set of pixelated whale icons inspired by a stock image —and the kid is Benyamin Ahmed. He’s based out of a London suburb that one of Decrypt ’s English staffers described as “small, quaint, and dull.”
Crypto art is a digital art form. It is treated like physical artwork collections, and owners may have verified ownership of a piece of crypto art. The art world has long had established systems for collection paintings or sculptures.
But until now, although it was produced, there was no clear way for people to collect digital artwork. Crypto art and NFTs allow you to do just that.
That doesn’t make it any clearer.
“Non-fungible” more or less means that it’s unique and can’t be replaced with something else. For example, a bitcoin is fungible — trade one for another bitcoin, and you’ll have exactly the same thing. A NFT is like:
You gave up a Squirtle, and got a 1909 T206 Honus Wagner, which StadiumTalk calls “the Mona Lisa of baseball cards.
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