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What is NFT Art?

NFT art is a type of visual art that has been tokenized and stored on a blockchain. There are no physical copies of these works, just digital files that are available for sale and trade in the online world. Before NFTs, it was relatively simple for digital artwork to be shared across the internet without any real proof of ownership. However, with NFT art, the file is non-transferable, creating rarity and creating an authority of the original owner. Similar to traditional art, anyone can purchase a copy of a renowned NFT art piece, yet only the original holder has full authority over the artwork, making it a unique and highly sought-after item.

Non-fungible tokens (NFTs) are digital assets that can’t be replaced. This is because each token has its own unique code and metadata. These tokens are based on blockchain technology, and can be used to represent a range of commodities, from artwork and real estate, to avatars, memes, video game skins and GIFs. People buy and sell these tokens on marketplaces. Recently, NFTs have gained a lot of attention from investors and collectors, with some of the most successful sales in the history of NFTs.

Newest eBay Listings of NFT Art on 14th June 2024

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