A report by TV Globo’s Fantástico program, which aired on Sunday (21), addressed the “NFTs fever”.
More precisely, the report explained how the registration of these digital collections of non-fungible tokens that move thousands of dollars a month works.
NFTs moved more than $ 300 million last month
The NFTs market has been growing significantly in recent months and gaining more and more fans.
Artists of digital works, celebrities and even executives of large companies are interested in investing and profiting from this sector that last month alone moved more than 300 million dollars.
As Fantástico explained, one of the most iconic sales so far was that of a work by the artist Beeple (Mike Winkelmann).
The digital art called “The first 5,000 days” was recently auctioned for around R $ 385 million.
Although the file can be accessed by anyone with access to the internet, since it is available on the network, only one individual owns the property of digital art and can sell it through cryptocurrencies if he wishes.
That’s because digital works are tokenized in the form of NFTs and registered on the blockchain.
Thus, each of them is unique and irreplaceable, like the original painting by Monalisa, for example, but in the digital version.
Brazilian artists profit from NFTs
One of the artists who joined the wave of NFTs and managed to sell their digital works was the Brazilian FESQ.
To Fantástico, he reported that since the end of November 2020 he has already sold 18 arts.
“For artists within the scene, it is a great revolution. Before, artists were widely seen as tools to perform work. But now that we have a way to monetize our arts, we are managing to have the autonomy to work for ourselves, ”he said.
Vini Naso, another Brazilian artist agrees with FESQ. According to him, the NFTs came to promote a life change:
“I don’t need to become a millionaire, but if I can make a living from it, it’s already too good,” he summarized.
In addition, Vini pointed out that the fact that digital art can be multiplied on the network is a positive thing. After all, the better known the art is, the more it will be worth.
Are NFTs a bubble?
With the hype of NFTs, many art critics believe that this market is yet another bubble that will burst soon.
However, the “NFT mania” has already reached the largest and most traditional art auction houses in the world.
In addition to the British auction house Christie’s, which sold Beeple’s work, Sotheby’s, based in the city of London, has already announced its first auction of an NFT.
The executive director of the auctioneering company, Charles Stewart, pointed out to the report that both the aesthetics of these digital arts and the audience are completely new. And Sotheby’s wants to take advantage of this trend.
NBA and the NFTs
But it is not just the works of digital art that are sold in the form of NFTs.
The NBA, the top basketball league in the United States, for example, markets NFTs of play videos. With the deal, the NBA has grossed more than $ 200 million.
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