NFT and NFT Art explained

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NFT and NFT Art explained in the short guide.

NFT or non-fungible tokens are digital assets that are based on blockchain technology. These digital assets can be anything whether images, videos, in-games, music, GIFs, or even a tweet. Yes, you heard it right. Twitter ex-CEO Jack Dorsey sold his first tweet as NFT for USD 2.9 million.

NFT gained popularity in early 2021 when Mike Winkelmann, popularly known as Beeple sold his NFT art for 69 million dollars. This news gained a lot of attention in the mainstream media and since then more people started stepping up into this new technology. More important, many popular personalities like musicians, actors, and tech giants are gaining interest in NFT.

Many NFT projects like Bored Ape Yacht Club have sold their NFT collection for thousands of dollars just by the unique storyline and proper marketing. NFT is a community-based technology which is why it is important to have a strong community that holds market value. In order to gain profit through NFT, you need to make sure that your art is rare and inculcates unique properties. This will help you to increase the demand for your NFT in the market.

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