NFTs
The Art of the Future
In the world of cryptocurrencies and fungible tokens (like Bitcoin or Ethereum), each token is interchangeable – one BTC is worth the same as any other BTC. But NFTs are different – they're unique, one-of-a-kind digital assets that can represent anything from art to music, videos, or even tweets! Non-fungible tokens, or NFTs, are the most important digital innovation since the creation of blockchain and cryptocurrency. NFTs share the best elements of both of these, while also representing an entirely new step forward for technology.
They are Unique as a Unicorn!
valuing an NFT’s price can be a subjective, as well as objective case. While an artist’s reputation may come in handy (as seen with NFTs created by Beeple), other factors may also come into play when identifying the most expensive NFT ever sold.
Take a Closer Look
Art of Authenticity
One of the most popular use cases for NFTs is in the world of digital art. By minting their artwork as an NFT, artists can create scarcity, authenticate their work, and receive royalties every time their NFT is sold or traded. The following graphs shows the most common NFT portals in the world. Data is presented by volume as well as monetary value.
A Visualization of some of the most famous NFT Artists and their Contribution
The NFT Market Scene
NFT Markets have sprung up all over the place with a wide variety of art going around expressing various stuff and creativity of artists. It has become synonymous with modern art and is being sold for thousands and thousands of dollars and also being sold in exchange for cryptocurrencies such as solana and bitcoin. The following Visualizations are a glimpse into the markets of the cryptoworld dealing in the buying, showcasing and selling of NFT Art.