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What is nft artwork. Traditional works of art such as paintings are valuable because they are one of a kind. This means that their value increased over 8 times since 2018. That makes for added value to its buyer but also protects the artists intellectual property.

Non-fungible token NFT based artwork are digital assets that are validated and maintained on the Ethereum blockchain. But digital files can be easily and endlessly duplicated. NFT stands for non-fungible token.

And an NFT not only tracks the creator of the artwork but also the ownership and market value. NFT is an abbreviation you might be hearing or reading on the internet nowadays a lot. As the crypto sphere begins to boom towards 2021 NFTs have already gained popularity.

338 billion USD this was the amount reported by the company NonFungible of Non Fungible Tokens sold in 2020. Buying an NFT Artwork is a virtual version of that with the buyer keeping the digital asset in their digital possession. NFT art is a collectible digital asset that can be tradeable in the digital world.

The NFT art relates to transforming digital artwork into extraordinary and one-of-a-kind pieces in the internet age where anyone can duplicate any item available on the web. Imagine walking into a shop and buying a painting. In simple words NFT is a unique token that cannot be replaced with something.

They are the new digital. You can create your digital wallet using online apps. The piece of artwork shown is an NFT as well as it was recently marketed for 60 million.