NFTs have exploded onto the digital scene seemingly overnight. It was not that long ago the internet was invented with the partial intention of sharing photos digitally. Now, similar photos are being bought and sold across a multitude of marketplaces as digital art NFT. Some, for upwards of tens of millions of dollars. There are detractors who say these pieces of technology are glorified JPEGs. However, their supply and demand of them lend themselves to the idea that NFTs have successfully carved out a market for themselves. Why is this case despite what those detractors have to say? Non Fungible Films offer solid reasoning for why this is the case.
Plain and simple, they have taken the idea of NFTs to the next level. Their membership is a beautiful example. Any person who elects to add this NFT to their wallet by minting or purchasing it now holds what NFF believes to be the future of entertainment. They have brought together Web3, NFTs, the metaverse, and more to create a space that holds more promise than one can account for. Founded by actor Cameron Moulène, Non-Fungible Films provides a top-tier blockchain item that demonstrates multiple reasons why NFTs have carved out a market for themselves.
If all the above are concepts or items you are unfamiliar with, that is entirely understandable – nobody said learning the digital art NFT sphere was going to be a walk in the park. Often it is helpful to start with the basics before advancing to deeper topics. Therefore, the question of can any digital art is an NFT is an excellent jumping-off point for building a foundation of basics.
What is digital art?
Before going too far down the technological rabbit hole, it is critical to ensure there is no confusion about the terms being discussed. The adage of “art is subjective” has not gone anywhere, but digital art carries a character uniquely its own – it can only be viewed on an electronic device. From smartphones to tablets or desktop computers, these devices are the medium through which digital art is viewed. Without them, it is literally impossible to view digital art. Furthermore, without digital art, the digital art NFT cannot exist.
What is an NFT?
Here is where the fun begins. Unless you have been living under a rock, someone in your life has attempted to explain the concept of non-fungible tokens to you. Chances are, they did it in a way that left you with more questions than answers. Obviously, the communicator of a message must take responsibility for their lack of clarity. That being said, explaining NFTs is not quite as easy as explaining the concept of a traffic light. The concept of an NFT is largely incomparable to almost everything in day-to-day life, which is why keeping it to the essentials is necessary.
First of all, know that NFTs are not possible without the backing of the blockchain. The exclusivity of every NFT is coded into the never-changing blockchain. This allows for security, as there is no way for anyone to edit the code. On top of this, how the NFT is coded is what creates exclusivity. Many outside elements can contribute to this, such as celebrity involvement or functionality. But, when a set number of an NFT is put into the blockchain, that number can never change, up or down. In the long run, this can mean big things for any NFT worth it is salt.
Visually, NFTs are not simply lines and lines of coded text. Unappealing would be one way to categorize that. Instead, a digital art NFT can look like anything the artist or creator desires it to. Imagination truly is the limit for what the appearance of an NFT can be. For example, the more valuable NFTs are images of cartoon monkeys. Another example comes from Non-Fungible Films, whose NFT looks like, and functions as a movie ticket. In summary, the visual side of NFTs is subjective, just as art is.
Can any digital art be an NFT?
Having covered the necessary ideas, the question originally posed can finally be answered. The truth is, the answer is somewhat logical, and maybe you have figured it out at this point: Every example of a digital art NFT is digital art, but not every example of digital art is an NFT. Think about it. A simple Google search will yield pages and pages of websites dedicated to hosting copies of artists’ personal work available to view and download for free, no matter what. There is no ownership or coded security. The flip side to this is that if you spent time browsing an NFT marketplace, it would quickly become apparent that nothing about these digital items is free. Plus, each NFT is built on the blockchain and regularly verified as authentic. There is nothing close to this offered on a traditional digital art website.
What does all this mean?
The digital art NFT has brought about a significant shift in the way people think about, view, purchase, and consume art of all kinds. Artists have begun pumping out NFTs of their drawings, music, sculptures, and digital creations. Because of this ongoing and growing trend, both the world of art and the world of technology have taken notice. Since the introduction of the internet in general, but especially to the public, creators of everything have been attempting to secure concrete methods and practices for monetizing and preserving their art. Now that technology has caught up to the ideas of man, NFTs have made all this and more possible.