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The Rise of the NFT: How Blockchain Technology is Changing the Art
Nowadays, it's no secret that how we create and consume art has changed radically due to the internet. Blockchain technology has become a reliable tool for generating digital goods and assets, and so it seems that the art world may experience another major shift in how art is created and shared.
Here's what you need to know about this technological development and how it will affect the art world.
What are Non-Fungible Tokens (NFT)?
Non-fungible items are exclusive, which is to say like in physical space objects are exclusive. Non-fungible tokens (https://bit.ly/3QWSHro) are digital tokens that give owners a proof of ownership to a certain asset.
Examples of this type of asset may include things like collectible art and CryptoKitties, as well as things like rare baseball cards and even real estate.