NFTs are a blockchain-based method for minting digital files of original artwork that is revolutionizing the art world.
With this new technology, artists can reach new audiences with their work, gain the ability to directly transact with collectors, be able to earn royalties on future sales, provide verifiable provenance to their buyers, and enjoy many more practical and creative benefits.
In January 2022, there were over one million NFTs sold totaling over $2 billion, with over 500,000 unique buyers.
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