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What makes nft art valuable. Even before last year the artist known as Beeple was not that much popular as you would seem. Technologically NFTs are quite simple if you already understand blockchain. At Expensivity Bernard Fickser explains that a non-fungible token NFT is a unique token in cryptography that represents say real estate or art rather than money.

Because the tokens have unique identities non-fungible they can be bought or sold while reducing the risk of fraud. Just look at the intricate data pictures of Refik Anadol or the surrealistic illustrations of FEWOCiOUS will understand that. The implication is NFT artworks are scarce and therefore valuable.

The artwork created by famed digital artist Mike Beeple Winkelmann sold for 693 million at Christiesthe first time that the venerable auction house has ever sold a purely digital artwork. Quartz got into the action too and sold an NFT news article for 1 etherium worth 1800 when the auction closed on the NFT marketplace OpenSea. So an NFTs future value is heavily considered in its current value.

NFTs are rising in value in part just because they are NFTs. However in 2021 he sold one of the most expensive NFT artwork on the market. On February 25 2021 Trevor Jones set a new record for the most expensive open edition NFT artwork by selling 4157 editions of his painting Bitcoin Angel for 777 each over just seven minutes.

At Expensivity Bernard Fickser explains that a non-fungible token NFT is a unique token in cryptography that represents say. Digital art has only really existed for 2030 years. The series is called.

In the Arts such as Art or Music an artist can issue a N F T to their fans. As the collector market grows. The best part of Hashmasks NFT is that it gives full unlimited worldwide exclusive license to use copy and display the purchased art for commercial use.