• Eeva Kavenius

What is NFT Art?

Updated: Jul 22

The World of Virtual Art and Technologies can be an overwhelming place.


That is why we're here to guide and help you as you begin the journey of bringing your Art to 3D by answering some of the most frequently asked questions in the FAQ Room.

This post is a part of our NFT series where we dive into the World of NFTs, how you as an Artist can create your own, and everything you need to know about the digital art market.


#NFTroom #NFTart

 

In this post we'll cover:


Video with short answers

Introduction

1. What is an NFT?

2. What is NFT Art ?

3. How does copyright work with NFTs?

4. What are the most popular NFT Art Marketplaces in 2022?

Conclusion



As trends and technologies advance quickly, the Metaverse and Cryptocurrencies are also changing the way things can be experienced, purchased, and viewed. But why are NFTs becoming a popular addition to many artists and art collectors? What even is an NFT and how do they apply in the art world?




nft image ico

1. What is an NFT?

An NFT (a Non-Fungible Token) is a collectible digital asset. An NFT refers to a digital file stored in a blockchain to which a digital certificate of authenticity has been attached. Like physical collectibles, digital collectibles are unique, authentic, and ownable, giving them value in the eyes of collectors. This is why they have quickly become an important part of the art world.


​​Here is a list of

the main industries

where NFTs are used:

  • ​Artwork

  • Collectibles

  • Video games

  • The Metaverse

  • Domain names

  • Music

  • ​Events

  • Memes

  • Movies

  • Real Estate

  • Patents




2. What is NFT Art?

In the case of digital art, NFT is a digital token that is tied to digital artwork using blockchain. This technology makes it possible to make authentic and tamper-proof digital work of art and to guarantee the right of ownership of physical artwork.



3. How does copyright work with NFTs?

The ownership of an NFT doesn't transfer the copyright of the art to the buyer unless specifically agreed upon. Sold through cryptocurrencies on different NFT marketplaces, NFTs enable the creator of the artwork to receive royalties on the resale of their digital artwork.



4. What are the most popular NFT Art Marketplaces in 2022?


Each of these platforms are specialized in NFT ART, however, they do not all work in the same way. Make sure to read each websites instructions and terms of service, and to see if the websites style suits you and your works. Like any art market, the NFT market is built by finding collectors ready to invest. Thats why it's important to find the right marketplace for your audience.


​7 examples of some of the most popular NFT marketplaces:

Finding the right NFT platform is crucial

to the success of your NFT drop



The flexibility of creating digital art and minting them to NFTs has gotten artists to create generative art, tie NFTs to physical artworks and experiences, as well as create fully digital art exhibitions through virtual galleries. At XR-ROOM we're helping artists create different NFT art, such as, videos, animations, images, and even interactive 3D models.


NFTs are expanding the way art is viewed, sold, and experienced, giving artists more freedom to create and exhibit their artwork. While trends can pass quickly, it seems that NFTs and NFT art has come to transform the art world for good.


Are you interested in creating your own NFT or want to know more about the possibilities you have? Send us a message at hello@prefixa.com!



Learn more about NFTs through these 2 interesting articles:

https://en.wikipedia.org/wiki/Non-fungible_token

https://www.forbes.com/advisor/investing/cryptocurrency/nft-non-fungible-token/


 

Because NFTs entertain as much as they frighten, they are peaking our curiosity. This is why we will soon see how to create, sell or buy an NFT. This post is the first in the series of NFTRoom, where we're answering the most common questions regarding NFT art. See when the next post is published from our LinkedIn and Instagram accounts.


Stay tuned for more posts on NFTs and Art on our blog!

Do you have a question regarding 3D, VR, AR, or NFT tools in the Art Space?

Don't hesitate to send your question to hello@prefixa.com