3D Digital Art - Collect NFT Artist's Artwork

NFT stands for non-fungible token.

It got their start in 2017. At that time the CryptoKitties were launched selling digital cats. Meow! Over $32 million went into the collecting, trading, and breeding of these digital cats of which there were 10,000 in total. CryptoKitties were originally launched as ERC-721 tokens on the Ethereum blockchain, but now they have migrated to their own.

NFTs are assets in the digital world that can be bought and sold, It could be a painting, digital art, photography,
NFTs transform digital artwork and other collectibles into verifiable assets that can trade on the blockchain.

The digital tokens can be thought of as certificates of ownership for virtual assets. They cannot be directly replaced by another token.

For example, an artist can choose to mint a piece of digital artwork with an NFT, then sell the token through marketplaces. Make it easy for creators to generate something that is rare and unique. So no two NFTs are alike.

Anyone can create an NFT. It can be minted for almost anything digital. All you need is a digital wallet like Metamask, buy some Ethereum, then you need to pay the GAS fee to upload your art on marketplace.

Gwei is a unit of gas that is used in the Ethereum network. You may want to avoid buying during peak times, otherwise you may end up with a very high gas fee.

The blockchain stores information publicly and is impervious to alteration, so the owner of an NFT can always show that they are the true owner.

Some people pay hundreds of thousands, or even millions for the NFT artwork. Digital artist known as Beeple sold for $69 million at Christie’s.