A few days after the show’s “Friends” reunion, graphic artist and designer Burton Morris used the momentum of the show to announce his intention to offer some of his artwork appearing in the series for sale as “Non-Fold Tokens” (NFTs). .
Among the works is a picture of the Statue of Liberty in the background of the famous “Central Perk” cafe, in addition to the coffee cup logo that you can notice in the same background. Read also After the end of the Ramadan marathon.. 5 family movies to watch on Eid7 films that embodied the Palestinian struggle in the cinema On the Nakba, refugees and the right of return.. Animated films that documented the Palestinian cause”The American Traitor” is the latest film by Al Pacino.. He did not earn more than 14 thousand dollars
is a non-fungible token (NFT)?
It is a digital asset that can be collected, sold and exchanged, that carries value as a form of cryptocurrency such as “Bitcoin and Ethereum” but contains a larger amount of data that makes it carry art materials and a form of art or culture.
The token is an extension of the tangible art market but in the cryptocurrency market, however, unlike the usual digital currencies, the NFT is a unique token, which cannot be exchanged, but can be exchanged.
It can also be considered a digital certificate of ownership, as these tokens can store additional information, beyond the value that typical cryptocurrencies carry, enabling them to take the form of a digital piece of art, a music file, or anything unique that can be stored digitally and is believed to have value.
Basically it’s like any other collectible piece of art, and instead of buying an oil painting to hang on the wall, you can get an original coded copy from its creator in a JPG file format.
It can be bought and sold just like other types of art, and as with traditional arts, value is largely determined by market supply and demand. But this does not mean that there is only one digital copy of NFT art available on the market. In the same way that original art prints are made, used, bought and sold, NFT copies remain salable and recognized pieces of art from the blockchain market.
You may be thinking that you can get the painting by clicking on the image and saving it in premium quality, well you will get a high-quality copy of the artwork but that will not make you a millionaire, because the downloaded file will not contain the irreplaceable code that makes it such a valuable part of the Ethereum Block market Chen”.
Can any artwork be sold in NFT format?
Any audio or visual artwork can be proven digital and offered for sale on cryptocurrency platforms, most notably the Blockchain, from music to photographs to graphic designs, provided that its owner proves ownership, and the prices of these works may reach hundreds of thousands of dollars, depending on The rules of supply and demand of course.
In September 2018, someone bought an artwork for the Dragon cat in a collection of digital designs called CryptoKitty, via the cryptocurrency market. A pink shot with chestnut eyes for $172,000, or 600 ether to be exact.
And last April, an American young woman named Zoe Roth sold a non-replaceable digital copy of her photograph for $ 473,000. The picture gained fame after it became a worldwide meme under the name “Disaster Girl”, where Dave Roth – an amateur photographer – photographed – His daughter in front of a burning house, the secret in the picture lies in the smile on the face of the four-year-old girl, who turned 21 this year and raised nearly half a million dollars after selling her famous digital image in an auction.
Not only selling designs and artwork, Twitter co-founder Jack Dorsey sold his first tweet via the NFT encryption system for $2.9 million, at an auction for charity, while Elon Musk announced his intention Selling electronic music in the same way, but he later retracted this idea
Most Expensive NFT Artwork
In March / last March was announced the biggest deal for the sale of a painting as digital incommensurable through Christie’s auction house , as he sold an artist English graphic Michael Inkelman design “all days: five thousand first day” (Everydays: the First 5000 Days ) more than $69 million.
The digital painting includes 5,000 miniature images designed and assembled by the artist and purchased by Singapore-based programmer Vinesh Sandarsan for 42,329 ether, or $69.4 million, making it the most expensive digital painting sold to date.