Investing in NFT Art
Non-fungible tokens, or NFTs, have been a hot investment theme the past couple of years. While various uses for these cryptocurrency-based assets are still being developed, art investing has emerged as an early winner for NFT utility. Traditional art investing was largely the realm of the super wealthy, but NFTs have opened the door for art buying and selling for the masses. Before you jump in, however, there are a few things you should know first, including what the top NFT art out there currently looks like. NFT-based art comes in all types. It could be a photograph, a picture made with digital media (using a computer screen and software instead of a traditional canvas and paint), a video, a musical composition, writing, even a video game.
Basically, anything someone might consider digital art — physical art converted into digital form — can be converted into an NFT. Anyone can take a piece of creative work, convert it into an NFT, and then sell it on one of dozens of NFT marketplaces. If you want to be a digital art collector, have exclusive rights to a digital creation’s use, or collect royalties from the use of digital art by others online, you can use these same marketplaces to purchase an NFT to guarantee your ownership.
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