NFTs, or non-fungible tokens, are digital assets for sale, usually bought by cryptocurrency. They are unique yet they can only be owned, not copyrighted by the buyer.
Natalia Osipova, 35, of the Royal Ballet in London, teams up with partner Jason Kittelberger to offer three NFTs to the discerning art lover.
Miramax is suing film director Quentin Tarantino in an effort to stop him from issuing and selling ‘secret NFTs’ of the cult classic ‘Pulp Fiction’.
Niche crypto-asset exploded in popularity in early 2021, leaving many confused as to why so much money was being spent on items that do not physically exist.
British street artist Nathan Murdoch spray-painted a giant mural of two hands in rainbow-coloured gloves joined in prayer then hurled white paint at it – the destruction ensuring the original image will not survive but one print and one NFT will.
With NFTs, many see an opportunity to monetise digital art of all kinds, offering collectors the bragging rights to ultimate ownership, even if the work can be endlessly copied.
The article entitled "Buy This Column on the Blockchain" was aimed at trying to test the market as to what sort of items would sell in the form of a "non-fungible token" – a digital object with a certificate of authenticity.
"Everydays: The First 5,000 Days" is now the most expensive "non-fungible token" piece ever sold, a sign of longterm confidence in the burgeoning market that creates collectable digital assets by transforming virtual work into something own-able.
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