A non-fungible token (NFT) is a cryptographically unique, decentralized digital asset. These tokens are not interchangeable, unlike cryptocurrencies such as Bitcoin which can be sent to others and exchanged for other currencies or goods/services. Each NFT is unique or has a fixed list of individually owned properties.
What do you do with NFT’S?
NFT’S can only have one official owner at a time. Non-fungible tokens are secured by the Ethereum blockchain – which means no one can modify the record of ownership of each NFT. You essentialy own all the rights to the NFT’S that you own. So if your NFT is artwork, you are free to use that artwork anywhere. Most people are creating or buying and selling NFT’S for a profit a bit like how stocks are traded on the stock market.
How artists are making money with NFT’S
Artists are creating one off pieces of digital art and selling them as Non-Fungible Tokens, this basically means that once ownership is passed on to the customer, the customer then owns all the rights to that image so neither the artist or anyone else can copy that artwork ever again.
Why you should invest in Non-Fungible Tokens
Non-Fungible Tokens are uniqe. This makes them rare, highly sort after and their value can increase over time, much like famous paintings do as they themselves are also unique one-off pieces.
If you manage to get your hands on an NFT that other people will like, then you truly have something of value that people will pay for.
Check out below the Pokemon Blue Diorama i made. This diorama incorporates Pixel art of Blastoise, Wartortle and Squirtle encapsulated inside a clear acrylic cube.
Proffesor Oak’s Lab Diorama
Check out below the Proffesor Oak’s Diorama i made. This diorama incorporates Pixel art of Professor Oak inside his Pokemon laboratory. You can also see the three starter Pokemon that reside inside the Pokeballs on the table; Bulbasaur, Squirtle and Charmander, encapsulated inside a clear acrylic cube.
Surfing Pikachu Diorama
Check out below a video of the step by step process of me creatingf the Surfing Pikachu Diorama i made. This diorama incorporates The original Pokemon card art of Surfing Pikachu encapsulated inside a clear acrylic cube. I also added one of my favourite Pokemon, Magikarp for fun!