Auction Starts Closing Friday January 28th at 7:30 PM Central
This specially curated Contemporary Art Auction features exciting new NFT Digital Art from some of the best contemporary artists of our time. Featuring: Jason Yates, Numeris, Adriana Dondada, Junior Charles, The Flutist, Susie Cortez, Martell Williams, Kelley Devine & More!
Don't miss this exciting new medium - It's not too late to get in on the ground floor of this exciting new art space, which is poised to become the next Bitcoin!
Auction ends Friday, January 28th at 7:30 PM Central
****
NFT stands for non-fungible token. Simply put, it is a digital token that exists on the blockchain to record proof of ownership for the person holding it. Each token is completely unique because it has its own unique metadata which can NEVER be replicated or replaced for another.
An example to better understand this is: bitcoin is a fungible token, and each bitcoin has the same value. However, imagine you’re trading NFT collectibles such as Crypto Punks. One Crypto Punk NFT will have completely different traits and value to another.
A real-life example of this would be: A dollar is a dollar. It is fungible. A plane ticket on the other hand, is non-fungible. Each plane ticket has different information and characteristics and can’t be swapped with another. NFTs can be anything digital. Literally anything can be tokenized, including a photograph which is special to you, one of your tweets, or a two second video of yourself (yes, there are such NFTs). This is a developing market that is already seeing billions of dollars trade hands and many people are purchasing NFT's then they are subsequently resold many times for increasing profits.