What are NTF Art and What You Should Know

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What do you call an abrupt explosion of blockchain art taking the world by a storm with a billion dollar market quickly ensuing…insanity? Maybe. NFTs, aka Non-Fungible Tokens? Yeah. 

What is an NFT? 

Think of it as a type of collector’s item, valued for its uniqueness and one-of-a-kind piece of digital art. It’s a token that can’t be replaced, and due to its unique properties in the Ethereum blockchain, it is under one ownership and can not be duplicated. Meaning, there is only one of its kind, regardless of how many screenshots you take. 

Let’s talk about influence. 

How many times have you seen a picture of a monkey or a cat as a profile picture (PP) on twitter or instagram in the last year? One too many? Sure. Those are the NFT collectibles, Bored Ape Yacht Club and Cool Cats. While NFTs have been around since 2017, it wasn’t until recently that NFT collectibles such as that brought a game to the name. 

World famous celebrities such as Justin Bieber, Paris Hilton, and Steve Aoki joined in on the hype owning NFTs worth hundreds of thousands, some even changing their Social Media profile pictures to their rare NFTs! Tech Einsteins such as Gary Vee have even created and dropped their own NFT digital collectibles, VeeFriends. Not only has its widespread influence gained attention, but also changed the trajectory of digital craft.  

Where do I start?

It should be known that creating an NFT is not limited to just art, but includes music, video game items, memes and even virtual land. To read further on the different types of NFTs, check out xxx. 

ART

Art being the most popular form of NFTs, is shared the most on social media and more often, priced the highest. How? Thanks to Ethereum’s blockchain network, this allows artists to sell their covetable works of art for a ton while protected from the probability of fraud and replication. 

 If you’re looking to create your own NFT art, you need to stand out. With hundreds of works of NFT art being released daily and its naturally competitive community, being original is the only option to make it big! 

One of the most ground breaking news in the NFT community happened in March 2021, when Beeple’s Everydays: The First 5000 Days, was sold for $69,346,250.00 USD (38,525 ETH). His art piece is recorded as the most expensive NFT sale made and created the domino effect for all artists to begin their revolutionary journey of creating NFT artwork like none other. The true value of his artwork lies within the production of his piece. Everyday for 5,000 days, Mike Winkelmann, or “Beeple” created a digital art in which he turned into a single collage. Overtime, his individual pieces began to reflect the current events and perceptive themes happening in the world. 

It all boils down to its uniqueness, its target audience, and its identity management. What is the inspiration behind the art? Is there a deeper meaning than shown by the naked eye? Here are some of the top-selling NFT artist’s who’ve created NFT art held together by more than just its visuals: 

  • Hackatao
  • Furio Tedeschi
  • Clinton Jones
  • FEWoCIOUS

Collectibles

Collectibles take a different approach to the creating and selling of NFTs. Rather than single pieces of digital art, collectibles are like the trading cards of NFTs. Their value lies in the rarity and originality of each digital piece. Because collectibles are under a large umbrella of the same theme, you will see similar but never identical NFTs.

These groups can have up to 10s of thousands of NFTs making them subject to large projects and campaigns, huge advertising schemes, collaborations and networking, and of course, insider exclusive bonuses. Popular NFT collectibles such as Bored Ape Yacht Club and Doodles all provide benefits exclusively to their collectors both in the Metaverse and in the real world. Some of these member perks include free access to other NFT collectibles, exclusive in-person social clubs and parties, merch and tickets to exclusive NFT art exhibitions. NFT collectible communities are huge and stretch across the world. You never know, your colleague could be a member of the same NFT collectible as you!