How is Gary Vee deciding on his #NFT investments? #shorts
Finest NFT Art
Published at : 17 Nov 2021
Published at : 17 Nov 2021
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WHAT IS NFT ART? | —————————- NFTs are best understood as computer files combined with proof of ownership and authenticity, like a deed. Like cryptocurrencies such as Bitcoin, they exist on a blockchain—a tamper-resistant digital public ledger. NFTs have unique valuations set by the highest bidder, just like a Rembrandt or a Picasso. Artists who want to sell their work as NFTs have to sign up with a marketplace, then “mint” digital tokens by uploading and validating their information on a blockchain, typically the Ethereum blockchain, a rival platform to Bitcoin. They can then list their piece for auction on an NFT marketplace. Many believe that NFTs will become the future asset and intellectual property of the upcoming boom of the virtual reality. ——————————— |
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