Unless you’ve been living under a rock, no doubt you’ve seen some of the increased prices in cryptocurrencies such as Bitcoin and Etherium. What’s compelling is that there has been a massive adoption of digital art on the blockchain that is referred to as Non-Fungible Tokens, commonly known as NFTs. Digital art and collectibles are surging right now in the economy, and it is about time that creatives have found a way to be compensated fairly for their endeavors.
NFTs have become big business – the first quarter of this alone coming in at $2.5 billion. Artist Beeple brought in an astounding $69 million for the first purely digital artwork sold at a major auction house. And this is just the beginning.
Knowledge is power. There’s no reason to get left behind in the latest crypto trend in the world of NFTs. Learn more about how NFTs have risen to power and what are NFTs in the visual deep dive below.