Digital art
How to convert your digital art into NFTs and sell it
What is an NFT? NFTs are nonfungible tokens. The adjective “nonfungible” is often used in economics to represent features such as uniqueness and non-interchangeability. In the crypto space, nonfungibility simply indicates that one item cannot be exchanged for another. A “token” as a unit of account is basically a certificate of validity stored on the decentralized blockchain, making digital assets traceable and accessible to everyone. As a result, NFTs are a one-of-a-kind virtual currency that can fall into pretty much any category and usually take the shape of paintings, videos, music, collectible items in video games or any other type of creative digital production. Since NFTs boomed in early 2021, everyone is now buying and selling these tokens throughout the world. But, how can someone...
Grimes Releases New Music via Cryptocurrency Art Auction, Rakes in $6 Million
Grimes has released new music, but it’s not available as a physical release or via streaming services. Instead, the unreleased material accompanies cryptocurrency art pieces in WarNymph Collection Vol 1, a collaboration with her brother Mac Boucher which made Grimes more than $6 million via auction. The art isn’t physically available, either, but comes in the form of non-fungible tokens (NFT). WarNymph contains 10 different pieces. As Exclaim points out, Earth is accompanied by the unreleased track, “Ærythe”, while Mars is soundtracked by “Mars Theme”. The collection was made available on the NFT marketplace Nifty Gateway and sold out in 20 minutes. A percentage of proceeds from the sales will be donated to environmental NGO Carbon 180, presumably in an attempt to offset the electrici...
