DigitalArt

A Digital Art Renaissance Is Here, Powered By NFTs

A Digital Art Renaissance Is Here, Powered By NFTs

Ellen Britt for CNT #NFTThe Renaissance, a wonderfully productive period following the Middle ages, saw an explosion in European artistic and cultural works, both in art and literature.Today, there is another Renaissance happening, that of digital art. And NFT technology is powering this behind the scenes, enabling artists of all types to get rid of the gatekeepers. A Billion Dollar BusinessThis has spawned a billion dollar plus business that favors the creators themselves, not middlemen. NFT technology gives the artist a way not only to digitally sign the work, but to track sales as well. New platforms such as .ART server as the…
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NFT Use Cases

NFT Use Cases

Troy Warren for Mintified.Com #NFT What are NFTs and how do they work? NFTs are Non-Fungible Tokens. ‘Non-Fungible’ means that the tokens are unique and cannot be interchanged with one another. In practice, NFTs could represent many different types of assets – you can’t exchange an NFT artwork for an NFT video and still have the same thing. Even if you buy an NFT collectible trading card that is 1 of 10 released, each of the 10 cards will have a unique token id that makes them distinct from each other. In contrast, currency is fungible. It doesn’t really make…
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