Fancy buying a piece of art for millions but not being able to hold on to it because it exists only virtually? You can’t touch it but you can definitely own it. This is the new reality of the crypto world, virtual art pieces.
What is NFT Art?
We can simply put it as a crypto asset whose existence is in the virtual universe. An NFT can be any type of digital file: an artwork, an article, music or even a meme such as “Disaster Girl”.
What is the point of owning NFT art?
One of the benefits of buying art is that it allows you to financially support artists you like. Besides that, buying and owning an NFT also gives you some basic usage rights, like being able to post the image online or set it as your profile picture.
Why Are NFTs Important?
Ownership of digital assets boomed with the emergence of Cryptocurrencies. With the birth of NFTs, now the originators can rent, sell, or own the assets legally.
Another important aspect of NFTs is that they accord all artists a fair global exposure to sell their art. More exposure means more income. This in turn could help encourage and promote artists to produce more works.