The market for non-fungible tokens, or NFTs, is soaring, reaching $10.7bn in the third quarter of 2021. For the art world it's a new frontier, where ownership of digital assets is encrypted on the blockchain. The FT talks to artists, auction houses and collectors about how NFTs are bringing in new buyers and setting records for sales of digital works, and we follow a painter making his first NFT. Read more at https://on.ft.com/3lfowxJ
#NFTs #artmarket #digitalart #contentcreators #blockchain #cryptocurrency #artist #painter #NFT #market #digitalcontent #digitaltoken #technology
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#NFTs #artmarket #digitalart #contentcreators #blockchain #cryptocurrency #artist #painter #NFT #market #digitalcontent #digitaltoken #technology
See if you get the FT for free as a student (http://ft.com/schoolsarefree) or start a £1 trial: https://subs.ft.com/spa3_trial?segmen....
► Check out our Community tab for more stories on the economy.
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Francisco Gimeno - BC Analyst Art is creation, looking for aesthetics, or disruption, or... so many things. That's why art int he digital world, translated into NFTs, Non Fungible Assets, are so hot now, as they represent a new path to creation, and for collection. Independently of the business model, which is just starting and evolving, it's fascinating how much debate, passion and transformation NFTs are provoking.