NFT art revolutionizes art market by tokenizing digital creations and providing royalties through blockchain

From Nasdaq

March 17, 2025 04:44:42 PM:

NFTs are digital assets tied to the crypto blockchain, allowing artists to authenticate their work through unique encrypted tokens. Each NFT is non-fungible and has a unique digital signature, unlike cryptocurrencies. NFT art is minted on blockchains like Ethereum, representing intangible assets like digital art or music. Artists can leverage smart contracts for consistent income and royalties on resale.

NFT art allows artists to expand income sources by tokenizing their work. Platforms like SuperRare and OpenSea facilitate buying and selling NFT art, requiring a digital wallet and cryptocurrency. Collectors can profit from NFT art by purchasing pieces that may increase in value over time. NFTs are now a mainstay in the digital art landscape, democratizing art ownership and creative expression.

NFT art crashed in value in 2022 but regained popularity with the rise in cryptocurrency prices. AI-based art and virtual reality experiences are expanding NFT art horizons. NFTs allow artists to retain ownership and profit from digital art, with royalties on secondary sales. NFT art has revolutionized the art market, making digital art profitable and accessible to a global audience.

Read more at Nasdaq, Inc.: What Is NFT Art? Understanding the Digital Revolution in Art