Only when you thought cryptos couldn’t get more exciting than the Bitcoin bull run at its top speed, NFTs (non-fungible tokens) came dashing in and took the world by a storm. NFT art, in particular, is making it big worldwide. All thanks to famous artists trying out this new mix of art and latest technology.
In October, a Miami-based art collector bought a 10-second video artwork as an NFT for over 86,000 dollars. And then, in the last week of February, he sold that digital art NFT for a whopping 6.6 million dollars.
If that weren’t enough, a group of people took things to the next level when they burnt down a 100,000-dollar art piece by the famous street artist Banksy to create a non-fungible token of it. They then sold the NFT of that art piece for a whopping 390,000 dollars on the popular NFT marketplace OpenSea.
All that sounds crazy? Let’s help you make sense of it. And who knows, by the end of this article, maybe even you’d want to create your own NFT. Don’t worry, it’s easier than you may assume.
Again, What’s an NFT?
The term “fungible” is used to describe anything that is not unique in itself. A bank note, the stocks of a company, a candy in a Halloween candy gift box, and so on. You can...