What is a NFT Artwork?

NFT artwork put simply is digital artwork.

Imagine walking into a shop and buying a painting. Buying an NFT Artwork is a virtual version of that, with the buyer keeping the digital asset in their digital possession. Now for the more technical explanation. 

NFT stands for non-fungible token.

Non-fungible tokens contain identifying information recorded in their smart contracts. It’s this coded DNA that makes each NFT unique and that’s why they cannot be directly replaced by another token. So: non-fungible tokens are not interchangeable, they cannot be swapped like for like, because no two are alike.

This technology means that a buyer gets full exclusivity to the artwork they are buying and that has created a multibillion pound market.

NFTs in 30 seconds from our TikTok page.

@nft_artwork

Answer to @daira_vc A quick 30 second breakdown from Gary Vee’s YouTube channel 🗣 #nft #nftartwork #investment #art #sportscards #asktheceos

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