examples of nft art

In recent months we have seen emerging technology news and trends centered on the Metaverse. The Metaverse along with NFTs The Metaverse offers many new experiences in the virtual world such as attending virtual concerts, traveling, shopping, transacting, going to the movies, trying on clothes, changing the way you work, creating new branding, etc. The main connection between Metaverse and NFTs is that it contains a complete economy and encompasses the physical and virtual worlds, so it is decentralized. Hence the assignment between the two is related to digital assets and how value is assigned to them. The blockchain When we talk about NFTs as assets for transacting in the metaverse, it is necessary to clarify that they use the same blockchain technology that cryptocurrencies use, although they are not a type of currency per se. We know digital assets as works of art, video game content, music, or any material that can be attached to that particular token. Hence why so many artists and content creators have joined this new trend of monetizing their work. The assignment with blockchain goes through a fundamental pillar as it is that this technology ensures that these assets are verifiable, that is, buyers of a single asset can monitor it. Why are NFTs the key to the metaverse? The unlimited trading opportunities offered by the Metaverse make its association with NFTs a natural fit. NFTs can help gain exclusive access to a specific location in the Metaverse and virtual property titles. Examples include: Fair and transparent economy: the union of the two allows individual users and businesses to easily represent their assets and solutions in the real world in a decentralized digital environment. The blockchain network would be responsible for providing transparency and immutability as the metaverse would be based on this fair and open economy where there would be no possibility of artificial inflation of values. Purchase of property:  metaverses allow users to obtain full ownership of virtual rooms in the metaverse through NFT. Examples include selling virtual land for profit or renting land for passive income related to building business, or event development. The possibilities are endless and there is much more to discover. The coming together of NFT, Metaverse, and Blockchain marks a tipping point and has the potential to transform the future.

We are years away from seeing the metaverse in action. At least, that is what Meta (Facebook) says, who is already working on a virtual world where users will be able, among other things, to communicate with their friends or relatives in a way very similar to how they do it in reality. In any case, Meta has not invented the term metaverse either.  The term metaverse comes from a virtual world where we can interact with other individuals, this concept has been present for years in the video game industry, although not exactly with that name. Fortnite Metaverse While the game is based on competing against dozens of players on a map until remaining the last one standing and winning the game, the game’s ecosystem became a huge platform where interacting with users through avatars. Fortnite makes it possible for players to customize their characters with ‘skins’ that have the possibility of being purchased in the in-game store. These are presented in the games, and other players can admire or even acquire them if they want to. It is also possible to chat with other players through voice chat or make moves that have the possibility of representing friendship. Users can even make their character dance. Habbo and Second Life are also metaverses. Habbo is another representation of the metaverse. This platform, created by the Finnish company Sulake, is very similar to the metaverse that Mark Zuckerberg, founder of Facebook, wants to build since this virtual world is a space where users can interact with each other through different virtual spaces. Curiously enough, Haboo (also called Habbo Hotel) offers the possibility of chatting with friends through chat rooms in the shape of hotel rooms. Habbo also has its virtual currency, the ‘Habbo Coins’, which can be exchanged for real money. Second Life metaverse Second Life is another huge example of a metaverse before Meta. This virtual platform, in particular, enables the relationship between users through avatars and different spaces known as viewers. The digital possessions of Second Life are a criterion very similar to that of the NFTs since they can only be used virtually. To trade an object on the platform, in addition, a virtual currency called the Linden dollar is required, which is only available in Second Life. NFTs and cryptocurrencies are important in the virtual world, and they come before Meta. Both NFTs and cryptocurrencies could also be considered part of the metaverse, and they also come before Meta. NFTs are digital possessions that the user can only interact with virtually, just like cryptocurrencies. Both assets, moreover, have different uses in virtual worlds. For example, it is possible to acquire an NFT of an object or add-on for a virtual game based on the metaverse, and proof of this is the yacht in the video game The Sandbox that was acquired for 149 Ethereums, about $650,0000 at approximately the exchange rate. They also called non-fungible tokens, in short, are digital possessions with which the customer can only interact virtually, just like cryptocurrencies. Of course, the metaverse that we could see in a few years will be much more advanced than that of Habbo or Second Life.

NFTs have been big business nowadays, many things have already been sold as such, from the first tweet to the New York Times articles (sold for half a million euros) to Marco Montemagno’s photos. According to Glitch CEO Anil Dash, the whole story of NFT began as an elaborate project for a hackathon (an event in which experts from different fields of computer science participate in various capacities) that had paired artists and programmers. What was its beginning? It was 2014, Dash writes when he was paired with digital artist Kevin McCoy on that project. We were at the height of Tumblr culture. A bustling and inspiring community of millions of artists and fans shared images and videos without attribution, compensation, or context. A solution to that problem became the seed of their idea. McCoy and Dash had created an early version of a blockchain-compatible means of claiming ownership of an original digital work. So they gave our creation an ironic name, not an acronym like NFT. They called it monetized graphics. Neither Dash nor McCoy patented the idea, although McCoy spent some later years evangelizing it. But both envisioned their creation as a way to give artists more control over their work. The technology would allow artists to exercise control over their work, sell it more easily, and protect themselves more strongly against others not authorized to appropriate it. Proto NFT approach The “proto NFTs” conceived by Dash and McCoy are fascinating because they are explicitly artist-oriented and not necessarily as interested in profit, unlike the NFT market we have now. McCoy, on the other hand, created ‘Quantum’ which is considered to be the earliest known NFT and one of the most historically important examples of crypto-art. The work of Kevin McCoy, a New York digital artist, simply depicts an animated geometric figure on a black background that keeps changing shape and color. It was created in May 2014. NFTs journey: NFTs have benefited artists, but this technology evolved much more, being many companies that have entered this world making different campaigns and more and more people are entering with new ideas of how to reward many people in this world.

NFTs (non-fungible tokens) are an asset that cannot be imitated, in the digital world that is compared to selling any other type of asset or property, but in an intangible way (soft technologies). These tokens can be viewed as certificates of ownership of virtual or physical assets. How do they work? With NFTs, art can be tokenized to create a digital certificate of ownership that can be bought and sold. As with cryptocurrencies, a record of who owns what is stored in a shared ledger such as the blockchain. The records cannot be falsified because this “ledger” is securely maintained by thousands of computers around the world NFTs can also contain Smart contracts that could provide the artist with, for example, a share of a future sale of the token. In many cases, artists retain the copyright to sell copies of those works and thus continue to sell. But for a buyer of an NFT who holds the token, it proves that he is the original owner of the work. Some people compare it to buying a copy signed by the author. In theory, anyone can tokenize their work to sell it as an NFT, but interest has grown following reports of multimillion-dollar sales. In this way, each person can give a “value” to the NFT with the simple fact that they believe that it is something valuable, that is the reason for the multimillion-dollar sales. Main characteristics of NFTs The main characteristic of NFTs is that they are not digital assets, but pieces of digital content that will be stored on a server. There are different value ranges for each NFT based on its rarity and exclusivity. therefore its value is greater and may even increase over time. They are based on two standards, the original ERC-721 of Ethereum, where NFTs began to move, and the more current ERC-1155, which allows working with several tokens at the same time through a single smart contract, unlike the original , which requires a smart contract for each token. We have already seen some examples of NFT throughout the entire article, la obra de Beeple El primer tweet Coleccionables de la NBA. NFT del meme Nyan Cat vendido por más de 700.000 dólares. NFT de la primera portada de la revista Time, actualmente en subasta. NFT de la antología de terror Killroy Was Here del cineasta Kevin Smith, actualmente a la venta. NFT Vic Rattlehead: Genesis de Megadeth, una imagen del logotipo de la banda y su mascota en movimiento, vendida por 18.000 dólares.