Have you been involved in this recent NFT craze?
With the release of NFT, this perhaps unfamiliar word has made the public more and more familiar with it.
A digital splicing by Christie's, a former veteran auction company, was sold for more than $69 million.
Later, NBA superstar Curry replaced his Twitter avatar with an NFT ape avatar worth $180,000.
It's hard to imagine that someone would spend $180,000 on a monkey picture, and I have to think about it for 18 dollars...
So what kind of "ghost" is the NFT that has been very popular recently?
What is NFT?
The full name of NFT is Non-Fungible Token, which is simply a unique and unique digital art.
Unlike other digital assets, it is unique and indivisible. Two bitcoins can be swapped arbitrarily, but two NFTs cannot.
NFTs are digital "tokens" that exist based on the blockchain, and they are stored on the blockchain ledger in the form of strings.
NFT uses blockchain to let computers around the world know that you own the work, and the information is encrypted to ensure authenticity and scarcity.
Have you ever thought about it
Inadvertently seen on the web
A short film
A tweet
are likely to be auctioned out like physical works of art
Twitter founder Jack Dorsey's first tweet
After being made into an NFT, it was auctioned for $2.9 million
According to the data, the volume of the dominant NFT trading platform OpenSea has surged, reaching $1 billion in August.
After NFT ownership is sold, it can still be copied and disseminated. But this is not a bad thing for artists and collectors, wider dissemination means greater impact, and this NFT work will also have a higher impact.
Some NFT works
NFTs can exist in many forms, and the most common one on the market today is image NFTs.
On the evening of March 11, 2021, Christie's in New York auctioned an NFT digital collage "Everydays: The First 5000 Days" by digital visual artist Beeple.
After 14 days of online bidding, it was finally sold for 69,346,250 US dollars, which also set a new auction record for digital artworks.
This work made Beeple the third most expensive living artist, after Jeff Koons, the "King of Pop Art," and David Hockney, the master of landscape painting.
OG guesses that many people will ask, isn't it just a painting? Why was it photographed so expensive?
Many people may not know that this painting of 5,000 works took Beeple a full 13 years.
When you zoom in on this painting, you'll see that each of them is stunning!
Some partially enlarged drawings of the work
Following the sale of an NFT for $69 million in March, Beeple made another major move in the digital art space: he launched WeNew, an NFT platform that sold "iconic" moments in time.
Photo of Beeple himself
The value of NFT does not lie in the work itself
Rather, history
This history will continue to appreciate with the continuous circulation of NFT, and we can easily trace the source with the help of the information contained in NFT.
Wenew's first NFT collection was Wimbledon won by famous British tennis player Andy Murray in 2013.
It was a champion that could establish Murray's place in history, and arguably the most special title of his life.
The "Moment to Win" NFT video eventually sold for $177,777, with the remaining 600 limited-edition NFTs related to the 2013 victory, each priced between $49 and $4,999.
Winners will receive a digital screen and 2 tickets to the 2022 men's Wimbledon final, as well as the opportunity to play tennis with Murray and sign souvenirs.
Some time ago, in commemoration of the 200th anniversary of the birth of Mr. Louis Vuitton.
Louis Vuitton and the WeNew platform have teamed up to launch the video game LOUIS: THE GAME.
Mobile games have also added the recent hot NFT elements, and once the game was launched, it has attracted the admiration of many fashion enthusiasts.
It is worth mentioning that in fact, Louis Vuitton and Beeple had their first cooperation experience in 2019, and through this time "Louis: The Game", the two parties teamed up again to release Louis 200 NFTs in the game.
There are 200 postcards in total
Each one tells a short story about Louis Vuitton
There are 3 Louis 200 NFTs, each with 10 pieces, 10 of which were issued by Beeple.
The "LOUIS: THE GAME" mobile game launched this time captures the mentality of contemporary young people who love trendy things, and uses mobile games to narrow the distance between brands and consumers with different values.
And integrate into the most discussed NFT digital art, bringing blockchain technology into the game, so that OG can't help but sigh: "Wonderful, really wonderful!" ”
Nowadays, as the popularity of NFT continues to rise, many artists want to try this hot new gadget.
Domestic artists have also joined this NFT craze to explore this mysterious but accessible digital art.
Demolition artist Cai Guo-Qiang's first NFT work:
"The Eternity of Moments - The Detonation of 101 Gunpowder Paintings"
After a fierce auction within 48 hours of launch, it was finally sold for $2.5 million.
The work set a record for the highest transaction of NFT works by artists in the non-crypto field, and successfully set off a domestic NFT boom.
"Eternity of Moments"
Screenshot of part of the bidding process on TR Lab's online platform
As a famous gunpowder artist, Cai Guoqiang transformed an important part of gunpowder painting, "detonation moment", into NFTs.
Cai Guoqiang said:
The detonation moment of each work is unique, each condensing the local environment and climate at that time, including a small fate divination that I experienced with the people around me, experiencing a brief dislocation and trance... Looking forward to thinking about this project, starting from the unique core values of NFT technology, is it possible to create an art project with a more forward-looking vision, more form and concept? ”
Using high-tech and blockchain technology to create instant eternity, making collecting "moments" possible.
With the rapid development of the Internet, more and more people are willing to accept virtual things, and the concept of NFT has been accepted by people as early as invisibly.
Although there are still many negative voices on the market
But I think precipitate over time
The many followers of NFTs pay for the art they love
Instead of blindly following the trend or hype