True detective season 1 trailer8/30/2023 Not to suggest Beeple is an overnight success. Still confused? Let the artist himself explain it, and learn how he went from NFT newbie to making the third most expensive artwork by a living artist in three months. While the digital files themselves are infinitely reproducible, the NFTs representing them are tracked on their underlying blockchains and provide buyers with proof of ownership.” – Wikipedia NFTs can represent digital files such as art, audio, video, and other forms of creative work. And if that sentence confuses you, you’re not alone.Ī non-fungible token is a unit of data on a digital ledger called a blockchain, where each NFT can represent a unique digital item, and thus they are not interchangeable. On March 11 this year, the digital artist Beeplesold a collage of digital images from his “Everydays” series for nearly 70 million dollars as an NFT, or non-fungible token.
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