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What Is It & Is It Worth Buying?

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For years, investing in art was associated with the rich and wealthy. Today, thanks to the advent of NFTs, anyone with an internet connection and a web3 wallet can afford to buy art. there is.

Read on to find out what NFT art is, what types of NFT art exist, and if it’s worth buying.

What is NFT Art?

Before looking at what NFT art is, let’s first define what a non-fungible token is.Ann NFTs A cryptographic token that represents a unique digital or real-world asset on the blockchain, such as collectibles, in-game items, music, property, copyright, or even artwork.

NFT art is digital art represented by non-fungible tokens, typically published and sold on NFT marketplaces such as OpenSea, Rarible, etc.

The NFT art ecosystem mimics the world of art galleries, museums and stores in much the same way Decentralized Finance (DeFi) mimics traditional financial instruments.

How do NFTs work?

Traditional works of art are always unique. A unique work of art is usually worth more than other easily accessible works of art. In the digital world, the same can be a little more difficult.

why? Anyone can view a digital asset as long as the creator retains full ownership. In addition, it may be copied and used by other parties online.

NFTs are a little different as the artwork is tokenized. The result is a digital certificate of ownership that gives you the right to buy and sell unique items.

Also, because NFTs are purchased using digital currency and operate on the blockchain, all transactions, including buying and selling NFTs, are recorded on a public ledger. The best part is that blockchain is a public ledger that anyone can see. This means that if you’re looking to purchase non-fungible token art, you can easily view a history of all your purchases and track ownership of the item.

Initially, NFTs were primarily operated on the Ethereum blockchain. However, it is easy to find his NFT art on other blockchains as long as they support smart contracts. BNB Smart Chain, Solana, and Tezos are examples of blockchains that support NFTs.

Today, NFTs offer many investors a new but risky alternative investment option. Also, unlike physical art, NFTs are generally highly liquid and can be bought and sold online in much the same way as cryptocurrencies.

Artists like Pak, creator of “The Merge,” which sold for $91.8 million, and Beeple, creator of “The First 5000 Days,” which sold for $69.3 million, have made huge successes in NFT. These are just two examples of artists. art market.

Types of NFT art

There are no standards as to what is considered NFT Art. Almost anything can be turned into an NFT and almost anything can be considered art. As a result, the NFT Art Market is very diverse in the types of artwork that can be found.

Let’s take a look at three popular genres found in the art NFT market.

crypto art

Crypto art, also known as digital art or blockchain art, is tokenized artwork. Sometimes it comes in the form of programmable art, and often features a unique combination of technology and creativity.

goods

Crypto collectibles are digital collectible items that are typically valuable to a particular collector group. Cryptokitties, for example, exploded in 2017 due to their high popularity among blockchain gamers, and he is an example of a cryptocollectible that eventually congested the Ethereum network. Digital collectibles usually have distinct characteristics that make them more advantageous and popular than others.

generative art

Generative art is created using algorithms and a set of predetermined rules by which a software program generates digital art on behalf of an artist. That’s why generative art is also called algorithmic art. These types of artwork are also present in his NFT format created using smart contracts and stored on-chain. They are one of the most valuable in the NFT market due to their complexity and uniqueness.

How to Make and Sell NFT Art: A Step-by-Step Guide

Now let’s take a look at how to make and sell NFT art. In this guide high seasAn example is the world’s leading NFT marketplace.

go to the open sea

Visit opensea.io[作成]Click the option to connect your digital wallet to OpenSea.If you don’t already have a web3 wallet like meta maskyou can proceed to create.

Once the wallet connection is complete, you will be redirected to create a digital item.

create item

Next, you need to create a digital item by choosing either an image, video, audio, or 3D model item. Type and enter a name for the item you want to create, a description, select the collection, supply, and blockchain where the item will appear, then tap[作成]Click the button.

Item created

[作成]After clicking , a pop-up screen will appear indicating that an NFT with the specified name has been successfully created. You can share it on Twitter, Facebook, Telegram or copy the link and send it to potentially interested NFT collectors.

Selling NFT Art on OpenSea

Now that your NFT art is created, you can proceed to sell it. Click on the “Sell” button as shown in the image below.

Then enter the quantity, quantity per unit of ETH, and listing period,[完全な出品]Click. Wallet will ask you to confirm the list.

complete list

Once you have signed the list from your wallet,[完了]Click.

that’s all!

This is how you create art NFTs and sell them on the OpenSea marketplace.

How to Buy NFT Art Online: A Step-by-Step Guide

Let’s walk you through how to buy NFT art online on OpenSea.

Go to OpenSea.io

Go to OpenSea.io,[Explore]Click the button to view the various NFTs available, including art, collectibles, domain names, and more.

Select the “Art” category

Then select the category you are interested in, then select your preferred Art NFT to get more information. Once you are satisfied with the details,[今すぐ購入]Click. Then connect your wallet for purchases.

Make sure you have enough funds in your wallet to carry out the transaction. Once completed, the NFT art will be credited to your marketplace-connected wallet.

That’s how you buy NFT art on OpenSea.

Is NFT Art a Good Investment?

Probably not.

NFTs are a new and highly risky asset class in the global cryptocurrency market. As the hype of 2021 and his NFT market crash of 2022 show, investing in NFTs can make you a lot of money, but you can also lose it.

So if you’re looking at NFT art, you can buy NFTs that are meaningful to you and support artists you respect. But perhaps only at a price level that makes sense for you.

If you are considering investing in NFT art, approach it like you would a traditional investment. Do not invest in NFT Art because your friends are investing or for FOMO. Instead, do your own research and understand the risks involved before you go shopping for NFT Art.

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