Many of these artists use social media to publicize their work, while others stick to the NFT markets. Although buyers and sellers never actually touch the art they own, they are still willing to pay top dollar to have unique pieces made by digital artists. NFT art has taken the art community by storm. Related: How NFTs Have Changed Digital Art Forever 10 top-selling NFT artists Just how much money is in the NFT art world? Keep reading to find out. Even though it is relatively easy to copy with downloads and screenshots, only the original holds the unique value. Just like there is only one original with physical art, NFT art only has one original. The artwork is entirely digital, meaning that investors ultimately buy, sell and trade in the metaverse. Much like any item in NFT form, NFT art is digital art that is tokenized in the blockchain. There were only 10,000 available characters, and the low supply drove up demand as people bought and traded the unique animations.

Rather than only dealing in memes, creators produced characters that users could own as avatars.

Related: Justin Bieber, Paris Hilton, and Serena Williams Among 37 To Face Lawsuit For Endorsing Bored Ape Yacht Club NFTs 2017: Cryptopunks and CryptoKittiesĬryptopunks was the next stage in the evolution of blockchain entertainment. The platform became so popular that unique NFT memes were eventually traded on multiple blockchains, including Bitcoin (BTC) and Ethereum (ETH) blockchain. Rare Peeps: Rare Peeps introduced memes to a scene once dominated by trading cards.Eventually, Counterparty partnered with the popular trading card game Force of Will, which showed the industry how valuable NFTs could be. Counterparty: This NFT platform allowed users to build projects and assets, like trading cards and memes, on top of the Bitcoin blockchain through a decentralized exchange.Blockchain technology is meant to prevent fraud in the world of cryptocurrency.ĭuring this timeframe, several more companies tried their hand at NFTs. Each cryptocurrency user has a unique blockchain that serves as their digital ledger.

Nft art finance holders