What is an NFT?  "Non-Fungible Token"

Think of NFTs as a special type of digital ownership. If you've ever bought a house or car, or record of ownership is created by the city and stored in a database. If that database was ever destroyed there would be no more record.

With a few lines of code, anyone can write a smart contract to create an NFT, which becomes a permanent record, impossible to modify or destroy, and stored across thousand of machines and databases.

Why are NFTs important to digital art?

Tokens used for crypto currencies like Bitcoin are fungible, meaning that one bitcoin exchanges for exactly one bitcoin. Because NFTs are non-fungible, they can represent completely unique digital assets like art, collectibles, and in-game items.

1 Bitcoin = 1 Bitcoin              1 NFT ≠  1 NFT

Although digital art is quickly growing as the fastest artistic medium in the modern world, effectively valuing digital art has always been difficult.

It is so portable and easily copied. How do artist sell their work when anyone on the internet can just Right Click Save As, right?

Here's How...

NFTd are completely unique tokens.

They can have a single owner, just like there can be only one original work of art. Now, the provenance (or history) of the ownership is recorded on the block chain for all to view. 

  

The copy/paste problem

Naysayers often bring up the fact that NFTs "are dumb" usually alongside a picture of them screenshotting an NFT artwork. "Look, now I have that image for free!" they say smugly.

Well, yes. But does googling an image of Picasso's Guernica make you the proud new owner of a multi-million dollar piece of art history?

Ultimately owning the real thing is as valuable as the market makes it. The more a piece of content is screen-grabbed, shared, and generally used the more value it gains.

Owning the verifiably real thing will always have more value than not.

The environmental impact of NFTs

NOW YOU CAN CHECK SOME OF MY NFTs