But future uses could be even larger. NFT’s are perfect for adding scarcity (and therefore value) to digital art. For just their own NFTs, creators have sold 5.4 ETH (over $3,500) on average over the past six months. NFT art has suddenly dominated headlines across the world, and it’s impact on the “traditional” art scene may be here to stay. 1 . In just the Art category, 9.7 ETH ($6,300) was sold per artist on average. 0:25. NFT’s could eventually serve as airline and concert tickets or even real estate deeds. Not a lot, but if the work becomes valuable they do not get only that initial $75 for designing the Nike logo, but … Reddit gives you the best of the internet in one place. Only the holder of the token is the true owner of the artwork. NFT-artwork creator Beeple explains why digital art could be crypto's next frontier Squawk Alley But unlike most virtual currencies, you couldn't exchange one NFT … Investor Alexis Ohanian, co-founder of Reddit and husband to tennis legend Serena Williams, is among the latest to support NFTs, or non-fungible tokens. Grimes is the latest artist to get in on the NFT gold rush, selling around $6 million worth of digital artworks after putting them up for auction yesterday. jump to content. The NFT has one advantage over every other method of artists getting paid: with an NFT the artist makes money every single time the work is sold. First, people have always like to collect - comic books, Beanie Babies, baseball cards - … He says the new craze is tapping into a couple things. So it’s really interesting you could buy art in the form of nft’s. At the exchange rate of $650/ETH, lower than today’s rate, that’s over $1000 / wallet / month. Art NFT sellers have averaged 9.7 ETH per user over the past six months. Create and sell digital collectibles secured with blockchain my subreddits. edit subscriptions. While a piece of digital art can be reproduced, the NFT token can not. NFT or Non-Fungible Tokens are cryptocurrency assets that represent a wide range of unique items, both physical and virtual like real estate or digital art. Auction house Christie’s has just launched its first sale of digital art — a BEEPLE collage of 5,000 pictures, two of which are excerpted above — which exists solely as an NFT. I was thinking, could you (in the future) make a nft of your personal data you … reddit: the front page of the internet popular-all-random-users | AskReddit-gaming-videos-funny-movies-news-worldnews-explainlikeimfive-pics ... UNREAL_01 - NFT art. ALLYN: Bruckman runs an NFT art gallery.