Digital tokenized art is very much on the rise.
According to NonFungible.com's end of year report, the sector is expected to grow by as much as 50% in 2020 and projected to reach a market capitalization of a cool $315 million.
As investors flow into the digital art world, there are opportunities aplenty for those looking to make money trading digital art.
What are NFT's?
NFTs also known as non-fungible tokens are a special type of token created on the Ethereum blockchain and designed to represent unique digital assets such as art.
So what makes NFT's so valuable?
The value of traditional art is derived from a number of factors with the most prominent being ownership history, authenticity and rarity.
Establishing the true ownership of an artwork can be a daunting task, however that is not the case with NFT's.
NFT's combine digital art with blockchain managed ownership.
Each NFT's history is stored permanently on the blockchain ledger making ownership of an art piece transparent and conclusive. Read More...