Example
A famous digital artist creates a unique piece of digital art. They convert it into an NFT and sell it. The buyer now owns the digital certificate (NFT) proving ownership of that specific artwork.
In essence, NFTs provide a way to own and trade unique digital items.
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How NFTs work
Traditional art is valuable because they are unique. But digital files can be duplicated.
With NFTs, artwork can be "tokenised" - a digital certificate of ownership that can be bought and sold. A record of who owns what is stored on a shared ledger known as...
What about piracy?
You can copy a digital file as many times as you want, including the art that’s included with an NFT.
But NFTs are designed to give you something that can’t be copied: ownership of the work (though the artist can still retain the copyright and reproduction rights, just like...
WHAT IS CRYPTO ART?
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...
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