“NFT” a term will soon become (if not already) one of those things that once you hear it for the first time it starts to pop up everywhere. I got involved only two weeks ago, and my life has already changed.
If you don’t know what it is, or you are still wondering, here are a few references which might help.
The art world is changing, a revolution “seems to be at hand”. What used to be “available only to a few”, now becomes “available to everybody”
A Non-Fungible Token - NFT for short - using blockchain technology, a piece of coding is applied to a digital file ( containing an image, film, animation, drawing, … ) making the file and hence its content unique.
This allows a strange behaviour which I can only understand with reference to the traditional form.
Traditionally, when one purchases an original piece of art, one is acquiring the exclusive access to the art, one owns that piece of art and can control who sees it and how.
In the new digital world, once an NFT is created, restricted accessibility is non existing. One may purchase the piece and own it, but all the world has access.
What is unbelievable is that the wider circulation - provided by the Internet - of the digital file leads to a greater value and desirability of it to an extent that is attracting creators and collectors to join in exactly as “the bit coin” attracted millions decades ago.
I have just started in the NFT world - only weeks ago - so this is a good opportunity to have access to my work at a low price.