Will NFTs open up new opportunities for digital artists?

Date:

Auction house Christieā€™s New York recently sold a digital-only artwork by the artist known as Beeple for $69m (Ā£50m).

The artwork was sold as a non-fungible-token (NFT) which uses blockchain technology to create a unique digital certificate which states who owns it.

It is part of a wider trend which has seen an animated Gif sold for more than $500,000, musician Grimes selling some of her digital art for more than $6m and even trading cards turning digital-only.

So could this approach help artists monetise their work?

BBC Clickā€™s Lara Lewington reports.

See more at Click’s website and @BBCClick

Share post:

Subscribe

Popular

More like this
Related

GroundingTime Unveils Bamboo Fiber Grounding Bedding

Health-tech brand GroundingTimeĀ has launched its next-generation bamboo fiber grounding...

ResetData Partners with NVIDIA to Launch AI Factories and Marketplace, Accelerating On-Demand AI Innovation in Southeast Asia

ResetData, a next-generation cloud services provider, has announced a...

UK has best chance to overturn tariffs, says Reynolds

Joshua NevettPolitical reporterBBCThe UK is best-placed to eventually overturn...