NFTs for Digital Artists
Are NFTs the future for Digital Media Artists?
by Joe Hall, Design Enterprise Studio Member, March 2021The emergence of NFTs (or non-fungible token) has come from the surge of popularity in blockchain technology over the last few years. On the 11th of March 2021, the first purely digital NFT based artwork offered at an auction house, ‘The First 5000 Days’ (shown here), was sold at Christie’s for $69 million. The artist, Beeple, became one of the top 3 most valuable living artists because of this sale. He started his NFT career on Nifty Gateway, a marketplace for Nifties (their word for NFT’s), back in October 2020 with the 3 open edition artworks he released in December 2020 for $969, reselling for as much as $125,000 in March 2021. My name is Joe Hall, I am a multimedia designer and videographer. Recently I have been obsessed with all thing’s cryptocurrency, especially how they can be used to improve the Digital Media industry. Looking into...