NFT: A market on the rise https://ift.tt/3yOdd54

The NFTs market is growing as it is becoming a major investment asset. And the market has just hit a double-digit billion amount. With this increase, it seems that NFTs are here to stay. If you want to learn more about this digital art asset or know how to get in on the market, you should read further. 

It can be hard to comprehend how fast things can suddenly emerge and change our perspectives on the future. NFTs have indeed marked a new chapter in both art and technology history, and it seems like it is here to stay. Whether you like it or not, the art scene as we know it has in some ways been threatened by this emerging digital art and the enormous amount of money it is worth. The vastly growing billion-dollar market is proof that many people prefer to invest in digital art as opposed to regular art.  

What is NFT?

NFT stands for non-fungible tokens. Meaning that it is an asset that cannot be traded to anything similar. It is a unique creation. NFTs is relative to cryptocurrencies and is strictly digital asset that works through blockchain technology and every cryptocurrency. However, NFTs are art pieces you can possess, but never physically, only digitally. If you need a thorough explanation of NFTs, you can visit https://edition.cnn.com/. 

How to invest or buy NFT?

 As it is becoming a big part of the field of investment, it might be wise to figure out how to buy NFTs. It can be confusing and complex, so that you will need a great guide. First, you should do your research to understand the topic better. However, if you use a site like https://buynft.com/, you will be taught whatever there is to learn before taking the next step, which you will also be able to through this website. It is important to be able to trust the information you are given. And on a site like this, you will be in good hands whether you want to buy or invest.  

The rise of NFT

The first piece of NFT art was sold for 69 million dollars to Vignesh Sundaresan. A dizzying amount of money makes it one of the most expensive works by living artists. The first world-famous trade of digital art, NFTs, took the world by storm as it will probably disrupt the art world.  

This art piece titled Everyday: The First 5000 days was created by Beeple with the civil name Mike Winkelmann. Everyday consists of around 5000 small images, all coming together in one huge colorful collage. The art piece is both photos and videos, and its dimensions are 21,069 x 21,069 pixels.  More and more are experimenting with this digital art form, creating an even bigger market. And famous artists like Grimes are entering the field of digital art.