This spring, the Internet was flooded with news about NFTs: non-fungible tokens became a topic almost more discussed than the pandemic. New technologies burst into our lives when the token of the artist Mike Winkelmann, known under the pseudonym Beeple, sold at Christie's auction for an incredible $ 69 million.
Further, events unfolded at a gigantic speed: actors and musicians, designers and game developers began to create their own NFTs. You can get acquainted with these works on the Jupiter platform. However, tokenization has affected the fine arts the most, dividing its lovers into fans and opponents of the technology. Today we invite you to talk about how NFTs affect the arts.
First, let's understand: what is NFT?
Surely you have heard something about crypto-currency - for example, about bitcoin. So, NFTs (non-fungible tokens) are directly related to the so-called "crypto". Let's tell you what:
The fact is that both cryptocurrency and non-fungible tokens work on the basis of a technology called blockchain. Imagine many computers that are constantly connected to each other and constantly store all the necessary data. This information is recorded in the block chain (hence the word blockchain).
When a user of one of the computers performs some action, a new link with a record appears: it tells not only what this person did, but also what all his predecessors did. All chain data is duplicated on each computer, it is carefully encrypted and no one can delete or change it.
Different blockchains - for example, the most famous Bitcoin or Ethereum - are created by different people and exist separately.
In the blockchain, you can conduct financial transactions using cryptocurrency or "coins" (from English - coins). In fact, such money is pieces of code in which actions are prescribed: for example, buying a cryptocurrency or transferring it to another person.
Comments