The NFT subreddit is a gathering for those interested in Non-Fungible Tokens.

What is an nft art piece. Photographs videos gifs audio and really any digital file can be represented as an NFT. NFT artwork put simply is digital artwork. The real estate NFT artwork.

Imagine walking into a shop and buying a painting. These can be fully digital assets or tokenized versions of. So What Is Phemex Doing.

It could be a piece of art or a song or a book online or even a clip from a long video. This is just where it is showing it self in the main stream. This meant people paying millions for digital pieces of art some being classic memes while some being collectible cards.

When you buy an NFT of an artwork you may not even own the physical artwork at all. An amazing piece of NFT art a collage with the wallet addresses QR codes of Phemexs traders. Non-Fungible Tokens are set to change how value interoperates across the digital landscape of media in the new Web 30 version of the internet.

Before Messi artist Beeple scripted history with the sale of an NFT-based piece of digital art by Christies for US 69 million. Buying an NFT Artwork is a virtual version of that with the buyer keeping the digital asset in their digital possession. These NFTs function as a form of crypto token connected to a digital asset such as a song a piece of digital art or royalties.

Hold onWhats an NFT. Even Tweets are being sold as NFTs. NFT art is a collectible digital asset that can be tradeable in the digital world.