As we have described, NFT is a non-fungible token, a distinct virtual currency that has no duplicate in the whole world. Before the advent of NFTs, digital data could be easily copied. It was impossible to tell which the copy source was and which the duplicate was before and after copying. For example, anyone can easily copy the images on your social media pages.
However, if you use a technology called NFT, you will not be able to duplicate digital content and know which one is the real thing. You can have “the only digital asset in the world.”
“NFT art” is a hot topic of the moment and is discussed not only on social media but also on TV and internet news. However, many may think it is “the story of the world of television and the internet, and it seems difficult for me.”
This time, for those who are wondering, “I’m interested, but can I inquire about NFT art myself?” From What kind of art is NFT art? It takes about 2 minutes to read, but the knowledge can be used for a lifetime. Let’s take this opportunity to learn more about NFT art together!
What is NFT art?
NFT art is digital art associated with NFT (Non-Fungible Token). There is no problem with understanding that digital art is a “work of art that exists electronically.” Illustrations/3D illustrations, music, videos, etc., uploaded on the net are applicable. Examples of digital art
- Image of famous illustrator
- Singer sound source
- Celebrity videos
However, even if it is said that it is linked to NFT (Non-Fungible Token), it is difficult to get a bad image. To understand NFT art, let’s first briefly understand “what kind of technology is NFT?”
How would you explain NFT in an easy-to-understand manner?
NFT is an abbreviation for “Non-Fungible Token,” which means a token without a duplicate. Recently, the number of cases where it is used in combination with Metaverse has increased. However, I think this is also an unfamiliar word; I will explain it a little more with concrete examples.
For example, suppose you have a digital illustration called “A” that you made. Of course, you are the creator and think you are the owner! But can the owner of this digital image objectively prove that he is himself? I’m a little troubled when I say that. That’s where “NFT” comes in.
NFTs act like a certificate that clarifies the “owner” of the associated artwork. In other words, it is possible to prove that “if you have an NFT associated with the work ‘A’, you are the owner of A.”
What is Blockchain?
Blockchain is generally referred to as “a technology that uses cryptographic technology to connect transaction history like a chain from the past and maintain accurate transaction history.” Since every art is signed cryptographically, they help prove the owner and are almost impossible to manipulate.
What are tokens?
The blockchain database is a transaction record for the matching virtual currency, and this one-to-one relationship is supposed to represent the virtual currency at first. On the other hand, Tokens are freshly minted currency on the current blockchain. The objective might vary, but it is often issued and controlled by a single person or organization with the goal of enhancing convenience.
Therefore, NFT art is equally an art and a token. It is a digital art stored as a token on the blockchain network. However, you can easily make and sell your art; we have explained that in some of our other articles on Ember. After making your NFT arts, you can sell them or let them be available as an NFT airdrop.
What does minting mean?
Minting refers to the process of creating a token or certificate for a digital asset and uploading it to a blockchain. NFTs have grown in favor among some art collectors and investors in recent years.
Meanwhile, minting an NFT entails creating it on the blockchain. Once completed, the minted object is uploaded to the blockchain as a one-of-a-kind asset. And because it publishes the data, anybody may confirm the presence of an NFT.
Unlike traditional art, NFT arts cannot be stolen and replicated. However, just like conventional art, it increases and decreases with several factors and does not have a fixed price associated with its sale. Furthermore, we can conclude that the NFT are mere tokens, but NFT arts are equally art and a token. If you need more knowledge on digital art, visit Ember for daily updates.
Read also: avple