NFT is the abbreviation of the Non-Fungible Token, is defined as a unique digital asset that contains evidence of the digital equivalent of a sound file, video, image, or physical asset. As the only one of its kind, blockchain technology is a whole new world that is purchased in currency and gives digital property to the buyer. NFTs, whose foundations were laid with Ethereum in 2017, are now turning into a madness that is the most talked about and widely used for digital artworks in the cryptocurrency world.
Why do you need NFT?
Fascinating artworks have been bought and sold by wealthy collectors at jaw-dropping prices for centuries. At this point, different techniques are used to ensure that the artwork sold is original. Subsequently, the canvas age of the work, the type of paint, brush strokes, the analysis of the strokes on the work, and the list of past buyers with the work turn into a quality that proves the originality of the relevant artwork. However, sometimes these techniques are insufficient to prove the originality of the work. In addition to being insufficient, with the prevalence of forgery and fraud, it is very difficult to trace the original work in this market where millions of dollars are spent. When it comes to NFT, the artists can protect their original work with the decentralized structure of blockchain technology. Sales history can be tracked; while the purchased products are put up for sale again, the originality of the artist who performs the art is not harmed. Artworks transferred to NFT are offered to buyers in digital marketplaces, and the world’s largest database of artworks is beginning to form. Here are some sites where you can showcase your works of art in NFT format to take a step into this world:
It is one of the bridges that bring together nearly 20,000 content creators and collectors. In this platform, you need to create an account via the Rarible Connect Wallet to put artwork on sale. Then you can start exploring the Rarible digital marketplace. Besides, you can visit best sellers, cheapest and highest priced NFTs, and recently added works. You can quickly access the Rarible website from this link.
It is one of the digital marketplaces that give collectors the right to buy and sell with the cryptocurrency Etherium. It is also a unique marketplace dedicated to bringing together original, digital creations of those who want to showcase their creativity with NFT. Makersplace, which stands out from the rest because the most important feature of this place is to specialize in digital art, is easily accessible by anyone who does not have crypto money as it supports credit card payments. If you are excited about what is going on, you can take a quick look here.
Nifty Gateway is one of the marketplaces that allow users to purchase NFTs from crypto games using credit and debit cards. According to the report published by crypto data and research firm Messari on the NFT market, it is predicted that this platform has a valuation of approximately 775 million to 1.2 billion dollars. It is one of the biggest platforms of the ecosystem. You can look at this world where its popularity is growing like a snowball.
Now that we are getting used to the digitization of physical assets, we think you are excited to take a glimpse of the growing NFT madness by showing your imagination with a global artwork. Unlike cryptocurrencies, we also observe that purchasing artwork is not much different from investing in this trend determined by the person and investor who sets the value of NFT. It is a very important detail that after the sales of the artists, the next sale is realized, and the relevant amounts are automatically transferred to the artist’s wallet. In this atmosphere, where all types of users can purchase works, customers are likely to reach and invest in works with digitalization, and the increase in demand makes the price increase easily. While more works in number and works of different price levels are on the market, the ecosystem where more works are sold and accessibility increases for art lovers continues to expand.
If you want to be a part of this ecosystem, we hope this article will inspire you.
NFT is the abbreviation of the Non-Fungible Token, is defined as a unique digital asset that contains evidence of the digital equivalent of a sound file, video, image, or physical asset. As the only one of its kind, blockchain technology is a whole new world that is purchased in currency and gives digital property to the buyer.
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