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Saturday, April 20, 2024

Art with a future

You’ve probably heard about NFTs after digital artwork Everydays: The First 5000 Days created by Mike Winkelmann, known professionally as Beeple, was bought by Vignesh Sundaresan, who paid US$69 million (B2.26 billion) for it.

NFTs — aka “non-fungible tokens” — was hailed as a revolution in the creative industry and recent NFT talk has exploded on the internet. The trending topic has left millions wondering what it is and how it works or even wanting to get into the NFT game. Guru presents an overview and insight from local NFT artists.

What is an NFT?

An NFT is a digital asset that exists in the digital universe and is kept as a record of cryptocurrency transactions called “blockchain”. Think of physical art bought in the physical world. The original art comes with a certificate, proving its authenticity….

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