Maybe in the future more art will be written to chain proving some of its value in the transaction cost and the NFT will link to that transaction but as it currently stands with current implementations it doesnt make sense to me.

What is nft art reddit. The work called Everydays. The problem with many content creators on social media platforms is the absence of control over who gets the actual revenue from advertisements for the content. The history of this paradigm-shifting technology lives on the blockchain in Reddit threads in Discord groups in Medium articles old YouTube videos Github repositories and other crevices of the internetArcheologists digitally dig for all of this information and when first discovered is called Alpha in the NFT.

Artists who share their art on social media platforms like Twitter feel under siege by the new trend of NFTs or non-fungible tokens. NFTs sell for millions of dollars and as such they have attracted the attention of investors art lovers gamers and tech enthusiasts from all over the world. For example Elon Musk is creating a piece of music to sell as an NFT.

Our model is that every time an NFT is traded on Foundation the artist makes 10 of that secondary transaction. Created in March 2021 NFT-Art Finance is a hyper-deflationary utility token that powers the upcoming Enter platform. NFT Non-Fungible Token is an asset that you cant hold in your hand but you have complete ownership of that asset.

Heres why this blockchain technology is leading to big. Now everyone wants to own an NFT. A new piece of digital artwork was created and added by Beeple everyday for 5000 days from May 1 2007.

In the past few months almost every newspaper website or magazine has published an article titled something like this. This means that they have unique valueIn other words each NFT token has a special feature that distinguishes them from each other. Digital artist Mike Winkelmann known as Beeple sold an NFT at auction with Christies this week for a record 693 million.

Theyre purchased and sold digitally sometimes with cryptocurrency and theyre mostly encoded with the same program as many other cryptos. Nonetheless the NFT craze is attracting teams of artists and buyers in addition to speculators and their imaginings in search of to get wealthy off the NFT concept. Buying an NFT.