NFTs allow you to buy and sell ownership of unique digital items and keep track of who owns them using the blockchain. NFT stands for ‘non-fungible token’, and it can technically contain anything digital, including drawings, animated GIFs, songs, or items in video games. Check out Jesse Meester's NFT collection here by clicking here: https://opensea.io/jessemeester
NFTs have made headlines in the past couple of years, with some of these selling for millions of dollars.
So why are they so popular?
As you know I have been an art collector for years and turning digital now while also creating art. The rise of digital art has caused many collectors to look for physical art in virtual formats.
The digital art world has helped democratize the purchase of expensive art. Also, after seeing 3D reconstructions of real spaces, buyers are also impressed by the art created for.
There are a lot of people with crypto wealth, or who have made a lot of money from cryptocurrency,
that simply feel more comfortable in the digital space. There were only 33 active bidders in the Beeple auction and,
according to the auction house, 20 of these had never bid at Christie’s before.
In 2008, art galleries, auction houses, and experts started telling us that it's okay to buy art online. Others started noticing that it's better than art that hasn't been created for it.
Keld Van Schreven, an art collector and co-founder of KR1 Europe, the continent's leading digital assets investment company, says:
“NFTs are a very interesting option for art collectors as you are buying and investing in a new revolution as well as the art itself.
NFTs are going to upend the art system as much as Bitcoin and Ethereum are going to change the financial landscape.
What are your thoughts on NFTs and did you get one yet?
Check out Jesse Meester's NFT collection here by clicking here: https://opensea.io/jessemeester