THE RISE OF NFTs
HOW DIGITAL ART IS CHANGING THE ART WORLD
Published By Livemint | 02 Oct, 2023
NFTs are reshaping the art world by offering new opportunities for artists, collectors, and investors, ushering in a digital art revolution.
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Digital Art Evolution
Digital art is evolving and gaining prominence in the art world through Non-Fungible Tokens (NFTs).
Credit : Pexels
Unique Digital Ownership
NFTs allow artists and collectors to establish unique ownership of digital artworks using blockchain technology.
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Marketplace Revolution
NFT marketplaces like OpenSea and Rarible have revolutionized the way artists sell and collectors buy digital art.
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Artists' Empowerment
NFTs empower artists by providing them with more control over their work and revenue-sharing options.
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Challenges and Controversies
The challenges and controversies surrounding NFTs include environmental concerns and issues with copyright.
Credit : UNSPLASH
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