ART/NFT
WHAT IS NFT?
Non-fungible tokens, or NFTs, are digital certificates that are unique and cannot be transferred. They are unique blockchains that have a specific function and can only be used by one person.
NFTs have the potential to revolutionize multiple sectors and the multiverse. But they also suffer from ups and downs. For example, CryptoKitties was a game where you could buy virtual cats with ETH tokens. The game became so popular that it clogged the Ethereum network for days, negatively impacting other games that were also using Ethereum.
Non-fungible tokens are a type of digital certificate that is unique and cannot be transferred to another person. They are also called crypto collectibles and can be used to represent anything from a physical asset to an in-game item, they are unique and non-transferable blockchains, they are digital certificates, codes. These digital certificates, called to revolutionize multiple sectors and the multiverse.
These tokens are a new form of digital assets that are not fungible. They are unique and cannot be transferred from one person to another.
They can also be used to represent ownership of physical goods like art or cars.
However, they also suffer from the ups and downs that come with any new technology.
NFTs are a new type of digital certificate that is unique and non-transferable. In the art world, it is ideal because it can be used to verify the authenticity of a work of art.
Now let's take all this to digital. NFTs are individual units - image, video, audio, text or compressed file - with a unique value. This is possible because each digital asset obtains an identifier in which metadata (author's name, its initial value or its sales history) is registered using blockchain technology, which guarantees that the piece cannot be duplicated.
With these premises, these assets have caused a kind of new gold rush in the form of crypto art. The sale of NFTs is a new way to (try to) make money easily in the online world and there are many artists, influencers, celebrities, companies and organizations jumping on the bandwagon.
In one year alone, in 2021, NFTs in the form of artwork files, memes, trading cards, and just about anything else that can be digitally recordedgenerated more than 3,000 million euros. Another very different thing, as we will see a little later, is how the market is in the first quarter of 2022.
