How NFT art collecting works

How NFT art collecting works


How NFT art collecting works

Turley has joined the ranks of high-end NFT art collectors, much as there are famous physical world art collectors—Peggy Guggenheim, 

J. Paul Getty, the Broads—as non-fungible tokens became the talk of the crypto and art communities this year.

(Since its introduction in 2017, the NFT auction platform OpenSea has monitored over $10 billion in sales.)

The craze culminated last spring, with a much-hyped $69 million auction price for a one-of-a-kind Beeple piece.)


While an NFT can be anything, digital art has been the earliest and most visible use-case thus far. 

This can sometimes take the form of a moving visual. Alternatively, you might use an audio-visual clip. 

Alternatively, a "profile picture project" (PFP) such as CryptoPunks or Bored Ape Yacht Club, which consists of drawings 

that are variants on a theme inside a certain universe. (Originally, Aku World was only a collection of Aku NFTs.) 

Or a physical sculpture with an NFT ownership certificate.

More and more, it can also refer to tokens that grant access to special events or content—a benefit of Aku NFT ownership in this case.



Turley considers being a collector (as well as an investor and advisor) in this field to be both a vocation and a calling.

His personal and professional lives are inextricably linked. His days in Miami were spent visiting events like Aku World and continuing 

on into near-dawn club experiences with kindred collectors and artists he'd met. "There's a component of my collection that revolves around 

patronage," he explains. "I'm buying their work to just say thank you for believing in this, 

thank you for taking a chance and putting your art into this ecosystem," says the artist.

The remaining portion is based on assumption. "Knowing which entities are going to go up and being able to flip those is a science," he explains.
After all, his early crypto investments and willingness to play the game have allowed him to amass a multimillion-dollar fortune.
If you're not an artist buy NFT here.
#nfts #nft #nftart

Commentaires

Enregistrer un commentaire

Posts les plus consultés de ce blog

Robert De Niro's visage reacts to the current price of ether in a new NFT.

Image
  - LIT DAO has teamed up with Robert De Niro to create a new non-fungible token collection. - The computerized pictures of De Niro's face have been designed to move and react in response to the current ether price. - The current floor price on OpenSea is roughly 0.285 ether, or $860. LIT DAO has partnered with Hollywood celebrity Robert De Niro for their non-fungible token collection, "Motion." The two-time Oscar winner's face will be in black and white on the NFTs , and the digital graphics will change and react in real-time to the cryptocurrency's price. The concept is designed to symbolize a technology that is "alive" and adjusts to a changing environment, using De Niro's acted-out facial expressions as a market gauge. These NFTs are "an examination of the dynamic interplay between market volatility and emotional volatility," according to the project's OpenSea page. When the tokens for whitelisted wallets were published on January ...
Lire la suite

Where to Buy NFT Art? 2 Best Marketplaces to Buy Crypto Art

Image
 Where to Buy NFT Art? 2 Best Marketplaces To Buy Crypto Art Following the sale of digital artist Mike Winkelmann's non-fungible token artwork, artist name Beeple, at Christie's in March, which eventually sold for over $69 million, NFTs, or non-fungible tokens, have attracted thousands upon thousands of new artists. It is easier to display artwork in virtual galleries to millions of internet users, while also selling art pieces directly to collectors and accepting payments in cryptocurrencies and fiat currencies such as dollars and euros, thanks to a wider range of platforms and tools than the traditional art market. Non-fungible tokens, often known as NFTs, are a new sort of digital asset or crypto asset that signifies ownership of a digital piece of art. The ownership is documented using blockchain technology, which is a digital ledger comparable to the networks that support cryptocurrencies such as Bitcoin and Ethereum. Can I Buy NFT? On NFT marketplaces, anyone may sign up...
Lire la suite