Minting Digital Ink
NFTs are enabling artists to sell their physical creations online, providing more avenues for collectors, buyers and sellers
The past year saw a rise in the sale of art in the form of non-fungible tokens, or NFTs. From $69 million pieces of art to 1% stakes in recorded music rights, NFTs are becoming a new go-to for buying, owning and selling art once obtainable only physically. Now, even tattoos are finding a place in the NFT marketplace.
To refresh the minds of anyone who’s forgotten, as well as those who’ve never known, NFTs are digital signatures of authenticity that people buy, sell or trade. They’re created through blockchains—the same technology that backs cryptocurrency.
It’s a difficult concept to wrap one’s head...
