Popular NFT, successful artist

The cryptocurrency world has been in turmoil with the public recently over the growing demand for intangible tokens (NFTs) to help artworkers sell their work.

NFTs are digital assets that represent real-life objects such as pictures, art music, game objects, and animated / short videos.

These digital assets can be bought and sold online and payments are more often made using cryptocurrencies, which are generally encrypted using the same basic software as other cryptocurrencies, but NFTs cannot be exchanged for official currencies. , but they can still be exchanged.

Despite its existence since 2014, NFTs are becoming increasingly popular as they are considered a practical method of buying and selling digital art, and are generally considered to be a very limited negotiation process with a unique identifier of them.

Within the art industry itself, artists have made extensive use of NFT to sell their work to lovers of the arts on digital buying and selling forums.

NFT is now also increasingly being used in contemporary art auctions, including drawings and animation. One category that has recently entered NFT is photography. Photography and printing are very successful in this new online environment. This makes it even easier for photographers to find new markets to work with NFTs.

In this case, there are so many art workers who often create content or video creators and even photo editing to try to trade their work through this NFT, just in the form of selfie photos can reap huge profits. On the other hand, there are also painting art workers who sell their works through NFT and earn a profit of Rp. 4.2 million through a marketplace called “Opensea”.

But as it stands, there is little doubt they are here to stay, and will continue to influence how currency and financial markets operate going forward.

Regarding the growing popularity of NFT and its growing influence on the arts industry, Dr Whitaker argues that NFT brings a myriad of significant benefits to artists as long as they remain as democratic as possible.