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geraldarzy
geraldarzy

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Intro to Blockchain: NFT Art

In a new era of the world where tech is booming and soaring to new heights no one could ever have imagined, there is now a way to have unique one of a kind digital art. Yes you read that correctly, one of a kind digital art.
It's kind of a weird thing to wrap your head around that digital art could be one of a kind because what is stopping someone from screenshotting the image or copy and pasting the image file. That's where blockchain comes in. With new innovations in blockchain, we've figured out how to utilize Non-Fungible Tokens to make sure that each art is unique with its own token. With the Non-Fungible Token (NFT) as the identifier of who currently owns the art, NFT's are being sold for ridiculous amounts of money that can go up to multi-million dollar transactions.
beeple art
Sold for $6.6 million worth of Etherium
With NFT's there is now a market for luxury art where artist's can sell their art to aspiring art collectors.

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