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Author Topic: NFTs Are Much Bigger Than An Art Fad  (Read 914 times)

LazY

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NFTs Are Much Bigger Than An Art Fad
« on: May 01, 2021, 03:24:31 PM »
James Bowden, Lecturer in Financial Technology, University of Strathclyde, and Edward Thomas Jones, Lecturer in Economics, Bangor University.
_____

Sotheby’s has become the latest establishment name in art to dive into NFTs (non-fungible tokens) through its collaboration with anonymous digital artist Pak and NFT marketplace Nifty Gateway.

The auction house sold The Fungible Collection, a “novel collection of digital art redefining our understanding of value”, for more than USD17m.

Some pieces, such as “The Switch”, a monochrome 3D construction that is going to be changed by the artist at some unspecified moment in the future, received bids well in excess of USD 1m.


For the uninitiated, NFTs are tokenised versions of assets that can be traded on a blockchain, the digital ledger technology behind cryptoassets like bitcoin (BTC) and ethereum (ETH). Whereas one bitcoin is directly interchangeable with another, meaning they are fungible, NFTs are the opposite because the underlying assets are unique in some way and can’t be exchanged like for like.

This uniqueness enabled Christie’s to sell digital artist Beeple’s “Everydays” NFT in March for an eye-watering USD 68m. For those that don’t have that sort of money, NFTs are also being used for trading collectables like baseball cards and computer gaming items like swords and avatar skins.

More info

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NFTs Are Much Bigger Than An Art Fad
« on: May 01, 2021, 03:24:31 PM »


borealis

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Re: NFTs Are Much Bigger Than An Art Fad
« Reply #1 on: November 29, 2021, 04:02:14 PM »
Each athlete is really important and similar to art. We have always blended nfts and art, but exsports has demonstrated that we cannot neglect the athletes. I believe it has established an exceptional platform for athletes.

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Re: NFTs Are Much Bigger Than An Art Fad
« Reply #1 on: November 29, 2021, 04:02:14 PM »
:)

interstellardust12

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Re: NFTs Are Much Bigger Than An Art Fad
« Reply #2 on: November 29, 2021, 04:28:21 PM »
Each athlete is really important and similar to art. We have always blended nfts and art, but exsports has demonstrated that we cannot neglect the athletes. I believe it has established an exceptional platform for athletes.

Indeed, you may be correct; our focus has always been on images, films, or nfts generated by renowned people. Naturally, celebrity singers and athletes come to mind, but what about amateurs? I believe that exsports attracts not just celebrities, but also all amateurs to this sector.

mysteriousluck

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Re: NFTs Are Much Bigger Than An Art Fad
« Reply #3 on: December 04, 2021, 04:58:58 PM »
Exsports' nft marketplace, in my opinion, will be an excellent resource for sports fans and those who wish to promote sports.

oompa_loompa

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Re: NFTs Are Much Bigger Than An Art Fad
« Reply #4 on: December 12, 2021, 05:04:35 PM »
The four platinum Maradona NFTs were successfully auctioned at a VIP event in Dubai, and the entire collection was available for sale on the exsports-owned market beginning December 5th. I believe it has a sizable fans.

Diaz8789

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Re: NFTs Are Much Bigger Than An Art Fad
« Reply #5 on: December 15, 2021, 01:02:06 PM »
A digital art form known as "nfts" is one that does not necessitate a journey to the artwork's physical place. In a digital world like exsports, I believe that's how the nft notion for digital art was formed.

Seth_Cooper

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Re: NFTs Are Much Bigger Than An Art Fad
« Reply #6 on: December 16, 2021, 05:29:25 PM »
Most people are making money from nft at this point in time. Exsports, in my opinion, are the best at this type of thing. Due to the fact that the platform is not only for the sale of NFTs, but also provides amateur athletes with possibilities and has an equal approach towards everyone, I believe it will succeed in pushing it from an  enthusiasm to a far larger position.

redblanket

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Re: NFTs Are Much Bigger Than An Art Fad
« Reply #7 on: December 17, 2021, 02:23:01 PM »
Exsports is one of the best nft platforms, in my opinion, because they keep the platform fresh by releasing new collections on a daily basis.

kakanenni

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Re: NFTs Are Much Bigger Than An Art Fad
« Reply #8 on: December 21, 2021, 10:19:00 AM »
I have no idea where nfts will be in five years, given the metaverse's and web3's supremacy. If the exsports marketplace, about which I have only read a few pieces, is as content-dense, we should expect some extremely exciting developments in the following days.

Jaric_Perlevska

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Re: NFTs Are Much Bigger Than An Art Fad
« Reply #9 on: December 23, 2021, 04:55:29 PM »
NFT is sold by a large number of persons who make their living from it. And investing in them for the purpose of resale can result in substantial gains. That is one of the reasons why the Exsports collection appeals to me so much.
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Julia1989

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Re: NFTs Are Much Bigger Than An Art Fad
« Reply #10 on: December 24, 2021, 02:33:59 PM »
NFTs are digital tokens that are one of a kind and correspond to digital goods such as art or music. Even Twitter messages have been classified as NFTs. Furthermore, while the artwork itself can still be duplicated and distributed, the token cannot. That means the owners have a one-of-a-kind and unreplicable item on their hands. As an example, I've already purchased a Maradona gold edition nft by exsports . It's just fantastic.

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Re: NFTs Are Much Bigger Than An Art Fad
« Reply #11 on: December 29, 2021, 06:59:05 AM »
The big use cases of NFTs are yet to emerge, soon all property titles, tickets, even barcodes will most likely be done through nfts.

I'm excited about NFTs as governance tokens of decentralised organisations, DAOs could one day replace traditional organisational structures like companies.

MetaWomen DAO is our contribution to this space, a 10k NFT project that gives voting rights over a n organisation educating and providing opportunities in the blockchain and crypto spaces for disadvantaged women worldwide. The main sale will fund a community wallet and the NFT holder will control how it's spent! check it out at metawomendao.com

 

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