How to get started using NFTs.

What does nft art look like. NFT means Non Fungible Token. Or you can see it as an assertion of. Crypto currencies and its tentacles like the blockchain are on fire these days.

The First 500 Days exists first and foremost in the digital space and is freely available. To an extent some NFTs that are high-end pieces of crypto art or if its Gronks NFT the value of that is whatever the buyer is willing to pay. Sure anyone can look at your images online but they dont own or have permission to own that artwork.

On a little more than 750000 transactions there are 41031 related to the art market. An NFT is a unit of data stored on a digital ledger called a blockchain which can be sold and traded. NFT stands for non-fungible token.

If youre a regular reader of our blog youll often see us referring to NFTs saying things like NFTs are redefining online gaming or NFTs have revolutionized digital art. OK but still what is an NFT. First Visa has bought a token CryptoPunk avatar that cost 150000 which stunned everyone over the globe and second since this happened many of the digital artists has evolved in it.

The artwork the NFT represents Beeples Everydays. A URI could be an API call over HTTPS an IPFS hash or anything else unique. It has given.

Epic Games Aakash Gupta takes a deep-dive into NFTs and Gaming and looks ahead to the future opportunities in the space. NFT has taken few steps further in creating big opportunities for digital artists all around the world. Back to our fine art example NTFs allow digital artwork to have scarcity the same way as the painting at the museum.