When buying and selling NFT artworks, it can be challenging to know if you’re pricing or purchasing the NFT at a sensible price. This can be complicated even more by the volatility of Ethereum and the other cryptocurrencies being used to buy and sell NFTs.
But it’s helpful to remember that the value of an NFT is determined by many of the same factors that determine the value of traditional art.
To understand this, let’s look at some of the aspects of artwork that make them valuable.
At the end of the day, the value of NFT artworks is determined…
With all the excitement and hype surrounding NFT art experienced during the last several months, many people jumped on the NFT train without knowing exactly what they were getting when they purchased NFT art.
A lot of this was due to the fact that these details were still being communicated and flushed out by the community and NFT marketplaces, but now there is far more clarity regarding what you get when you own an NFT.
In order to understand the value of an NFT, it’s crucial to understand what a collector receives when they purchase NFT art.
This article will…
In the past few months, the NFT space has seen tremendous growth. More and more artists and projects have joined the space, and new innovative platforms have emerged that aim to solve problems for artists and collectors and facilitate NFT creation and trading.
One of the more interesting features that some platforms and smart contracts now claim to offer is the ability to fractionalize NFTs, namely divide them into small, fragmented pieces.
Since I’m often being asked this question, let me start by clarifying that we are not talking about some kind of visual fractionalization that divides the artwork into…
By now, you’ve probably heard that digital artists are making a killing on the new, booming NFT art market. Some artists have earned thousands and even millions of dollars selling their digital creations on the blockchain.
But maybe you’re still unclear about what exactly NFT art is and why it matters to you as an artist.
In this article, we’ll learn what NFT art is, how it’s turning the art market on its head, and why you, as a digital artist, should care.
In simple terms, an NFT is a cryptographic token that creates scarcity for a digital object and…
Last week, Instagram-famous, digital artist Beeple made history when he sold the first 100% digital artwork as an NFT (non-fungible token) at the art auction house Christie’s for $69 million.
If you weren’t convinced before that crypto art and NFTs were anything more than a very techy fad, now it’s safe to say now that these digital, tradable assets will probably be around for the long-term in one form or another.