On the SuperRare platform artists create a work of art and symbolize it meaning they link the art to a token.

What is nft art token. If we think of it in terms of money. However some NFTs are now being fractionalized which means they can be co-owned by multiple collectors. NFT stands for non-fungible token Non-fungible means that the item described is unique and cannot be replicated or subdivided.

A non-fungible asset is a unique non-interchangeable asset. Buying an NFT Artwork is a virtual version of that with the buyer keeping the digital asset in their digital possession. At this point youre possibly wondering WTF is an NFT.

Well it helps to first understand what a Fungible Token is. The acronym NFT refers to Non-Fungible Token which explains almost everything. Using Ethereums smart-contract technology the provenance and ownership of artwork are guaranteed.

Now for the more technical explanation. An NFT is a digital asset that represents real-world objects like art music in-game items and videos. Crypto tokens from the New York Times column sold for 560000.

Granting access to holders of a specific token or NFT. NFT stands for Non Fungible Token but what does that mean. Every piece is unique and irreplaceable.

An NFT Artwork by Sophia the Robot sold for nearly 700000. But anyone can view the art or. Token gating is a way of super-charging a NFT giving ownership of it more meaning.