Some of these reached record prices and were also offered by well-known auction houses. Digital art also existed in the past, but NFTs make it unique and facilitate trade. So it is no surprise that the first well-known crypto exchanges have jumped on the bandwagon and expanded their offerings to include NFTs. In addition, there are some larger and smaller platforms that have specialised specifically in NFTs. Currently, the focus is on selling NFT art in particular, but other possible applications are conceivable in addition to NFT art. In addition, the NFT market could continue to grow.

2021 a successful year for NFTs

NFTs are on everyone's lips. It is not unusual to pay half a million dollars for a meme and 2.5 million for a tweet - the first by ex-Twitter boss Jack Dorsey. Records were set this year by a piece of art by an American digital artist. Some celebrities as well as sports teams have also already put NFTs on the market. Selling NFTs thus promises very high sums, especially at art auctions. This makes selling NFT images a promising business for both artists and sellers.

NFTs are based on the blockchain, which makes them distinctive and unique. They are also closely linked to cryptocurrencies, which are also known to be based on the blockchain. Many NFT artworks are bought via cryptocurrencies such as Ether. The blockchain makes the individual data blocks forgery-proof. Tokens in turn stand for a certain value, in this case a proof of ownership.

However, tokens themselves are not cryptocurrencies, as they are not based on their own blockchain. As a rule, tokens are built over already existing blockchains, often the Ethereum blockchain. Thus, tokens could also be traded, for example also as a form of shares.

NFTs are unique

Most tokens are exchangeable (fungible). This is the case with cryptocurrencies in login exness area, for example. A bitcoin can theoretically be exchanged for another bitcoin without any problems. Non-fungible tokens, however, are unique. Therefore, for example, digital NFT artworks are unique. The token is a kind of proof of ownership of an object that exists only once. This can be

• a picture
• a piece of music
• a video or even
• a piece of land 

property. In the future, other possible applications could emerge.

Many forms of NFT art

Currently, there are no limits to creativity. FC Bayern, for example, has been just as successful with NFT trading cards as the NBA. NFTs are ultimately the digital version of an asset and a kind of authentication of the artwork. In the meantime, however, there are also domain names or real estate as NFTs.

Anyone who buys a digital NFT receives neither the copyright nor the exploitation rights. However, this is no different for a painting by a well-known painter, for example. Here, too, the buyer is primarily considered the owner of the painting and can hang it up at home, for example.

And art collectors and art experts in particular very much want to have the original of a painting at home and not a copy. This is now possible with NFTs for digital art.

There are also innovative ways to be able to sell NFTs. Trading opportunities are likely to expand as the market becomes more interesting for many investors, including institutional investors.

Therefore, not only artists can sell NFT. Investors can become active on an NFT platform or an NFT exchange. Well-known names are

• Binance
• OpenSea
• FX and
• Rarible. 

• Playtech: Developer expands its games portfolio
• How to register on casino Destinations for Indian players
• f8bet - Trải nghiệm game đỉnh cao, nhận thưởng hấp dẫn
• How to Be Honest When You Date Singles Online
• Sensex surpasses 58,000 points in best week since May and will finish up 10,000 points in 2021