In 2017, a painting by Leonardo da Vinci sold for $450 million. Five days ago, an artwork by Beeple sold for $69 million.
Similar headlines, different contexts. You see - the latter was a digital artwork.
While art historians obsessed over da Vinci’s painting to make sure it wasn’t a copy, Beeple’s artwork could be duplicated identically with just a right-click + copy + paste.
Digital art has always suffered from this problem. Until recently, that is.
A new technology called NFTs (Non-Fungible Tokens) has changed that.
NFTs are like stamps of authenticity for digital assets.
They’re based on blockchain technology, and in the next 20 minutes, you're going to understand why there’s so much hype around them.