One of the greatest things worth celebrating about the NFT system is that it boasts the incredible ability for artists to freely express themselves.

Is nft art worth it. Non-Fungible-Token NFT is the big world where so many sellers and buyers roaming around to exhibit their work. It doesnt matter the NFT token can only be art no it can be a music album sticker an actual image or anything available digitally. In terms of what makes some NFTs worth more than others it typically comes down to scarcity or rarity.

Furry NFT is it worth it. In my last article I wrote about a-now launched NFT project built on Solana - Degen Ape Academy and its potential to do well. The value of an NFT is based entirely on what someone else is willing to pay for it.

Digital arts medium has no limitations and the artist unlike more traditional art forms where the artist is confined only to a canvas or a photo. Some NFT art comes with royalties to the artist meaning every time the artwork is sold on the artist can receive 8-10 of all future sales. An NFT is in essence a collectible digital asset which has value as a form of cryptocurrency and as a form of art or culture.

NFTs were really over-hyped earlier this year because of well blockchain. An NFT does not give you real ownership in a legally recognized way hence there is a risk that the actual art behind the NFT could get sold separately and so it makes sense to burn it to be on the safe sideright. If others are willing to bid up the price of Duchamps urinal artwork to millions that means its worth millions.

NFT art allows the 99 to become involved. But it was really in 2021 that it picked up steam. BUT only as long as people are willing to pay for it.

Whether the NFT art boom is a symptom of a major shift in cultural norms around the ownership of intangibles or as some critics suggest an economic byproduct of the pandemic with bored people holding large amounts of appreciating crypto-wealth and looking for new ways to invest will ultimately be determined by the market. This depends upon which platform the artist is using. Also the people that hold onto the coin will benefit as they will earn a 5 redistribution on every transaction.