They let us tokenise things like art collectibles even real estate.

Non fungible tokens art sale. A few weeks later musician Grimes sold some of her digital art for more than 6m. So even if you save the digital art by taking a screenshot you will not have access to the stored information. A non-fungible token or NFT represents a digital work of art that is completely unique and whose authenticity.

As the art is completely unique the fee charged by SuperRare is on a higher side. Buyers typically get limited rights to display the digital. A transaction fee of 3 is charged from the buyers.

A peer-to-peer marketplace for NFTs rare digital items and crypto collectibles. Twitters founder Jack Dorsey has promoted an NFT of the first-ever. In this article I am going to walk about what this means for photographers.

It is not just art that is tokenised and sold. However the transaction fee for sellers is a whopping 15 which is inclusive of the gallery exhibition fee. The platform is built on the Ethereum blockchain and a standard ERC 721 token is offered against all digital arts.

NFTs or non-fungible tokens are unique files that live on a blockchain and are able to verify ownership of a work of digital art. The First 5000 Days caused a stir in the art market where digital art was still considered fairly niche. The sale of the piece by artist Mike Winkelmann titled Everydays.

NFTs are tokens that we can use to represent ownership of unique items. Do your reseach understand the market and learn the trends before buying or selling non-fungible tokens. However NFTs are non-fungible Each token is unique and that token proves that you and only you have ownership rights over a digital assetlike Beeples art.