What Is NFT Digital Art?
In the world of physical art work, digital art had no place. People mostly prefer going to art galleries to explore and buy magnificent works of creativity on canvases.
Digital art work neither received any recognition nor value. It was taken as fluff or as a fun activity.
Before NFTs, people would have never even paid millions for digital art. But with the emergence of NFTs, digital art as well as digital artists have received their due appreciation.
The Merge NFT by digital artist Pak was sold for $91.8 million. It is the most expensive NFT sold till now. Earlier the title was claimed by Beeple whose digital art “Everydays: The First 5000 days” was sold for approximately $69 million.
So, what is digital art? Are they even worth a million or is it all just a bluff?
Let us know in detail.
What Is NFT ART?
NFT art is a piece of digital art or collectible. Unlike physical paintings and art, digital art is generated through the computer.
Digital art includes 3D art, pixel art or computerised graphic art. These pieces are then tied to NFT to make them more viable.
NFTs tokenise the digital art giving them more value, proof of ownership and authenticity. They store the critical information of the digital art on the blockchain where the data is secured and immutable. This important information includes the details of the authenticity of the art, ownership history and its origin.
Thus, the digital art that once was worthless has gained value through NFTs. But why it is so?
People buy physical art to showcase them and brag about their collection. But with digital art, people had no way to brag or show off their collection.
With NFTs, now people can claim the ownership of unique digital art and showcase them in online galleries. They can even resell the art work to gain huge profits.
Moreover, nowadays, NFT artists are also offering special benefits to their buyers. Thus, with utility NFT art buyers are more excited to get hold of the NFT.
NFT artists are a chance to meet them, special NFT airdrops, early access and discounts on upcoming NFT collections.
These have added more value to the NFT art and attracted a huge number of art collectors and buyers.
How NFTs Are Revolutionizing The Digital Art World?
It is no doubt that NFTs have freed the conventional artists from the shackles of biased art galleries and the auction house.
Even the creator of NFTs, Kevin Mc Coy developed NFTs to help artists have more authority over their creations and receive their due credit.
However, when we talk about artists, we are not only referring to traditional artists. We are also referring to digital artists who were grounded before the coming of blockchain and NFTs.
These traditional artists now with the help of NFTs are selling their physical art securely and independently. They do not have to depend on biased art galleries to consider their work. Moreover, now they have the freedom to sell their art as they wish and generate multiple income sources with royalties.
Similarly, digital artists have also gained power in the market with NFTs. Digital artists and their work have received their due credit, recognition and value in the art world.
Moreover, NFTs have given ownership rights to digital artists. Earlier, we never knew who exactly created a particular 3D digital art. but now, with NFTs, artists can claim 100% ownership of all the art they create digitally.
Also, NFTs give proof of the authenticity of the art it represents. Thus, artists do not have to face the controversies and let their work value suffer because of it. Anyone can check all the details of the NFT art available on the blockchain and find out its rightful owner and verify if it’s original or not.
Additionally, they also do not have to suffer and look for online intermediaries to sponsor their work. Now, we have NFT marketplaces where artists can easily convert their digital art into NFTs and list it for sale.
NFTs have revived digital art and empowered artists in many ways.
Conclusion
NFTs have given artists the platform, technology and the tools to establish themselves and support their skills.
If you are aspiring to start your own NFT art venture, sign up on NFTICALLY today and launch your white label NFT store.
