Is NFT the Future of Art?
Art is timeless, changing with every era. After many centuries, paintings and music have taken a new, digital form. Now we are on the verge of noteworthy trends in the crypto world and can already appreciate the value of NFT as an art.
NFTs are one-of-a-kind digital assets that provide security and proof of ownership. At one time, NFT revolutionized the art market, allowing artists and musicians to earn money from their digital works. Nowadays, this area has grown in times!
Creation of NFT Art
NFT art is not limited to digital images - it includes music, video, animation, and interactive experiences. Creativity and fantasy are not translated onto canvas or vinyl records but directly into digital form.
To create NFT, you need a crypto wallet, cryptocurrency, and the necessary skills. NFT pictures are drawn using special software such as Adobe Illustrator. NFT music is created as ordinary musical compositions in various programs.
Finally, you can mint it as NFT on a blockchain platform like OpenSea. Voila! You've already created your digital masterpiece, which can bring in good money.
NFT in Art
Artists worldwide agree that NFT work balances the classical understanding of creativity and technology. For example, ancient paintings cannot be digitized, but they inspire many creators and draw their masterpieces referring to them. Likewise, following fashion trends does not mean departing from the authenticity and concept of the classical art of the Michelangelo or Da Vinci era.
Young artists, as before, learn their craft in ordinary art institutions and then move into the digital world for many amazing opportunities. For example, in Metaverse, you can easily find like-minded friends and visit various virtual exhibitions without spending real money.
NFT in Music
NFTs have also infiltrated the music industry, offering new sources of income for artists and record labels. Musicians can sell their NFT compositions in mp3 or WAV format by providing exclusive access to behind-the-scenes content, VIP tickets, or music rights. Some popular musicians have already made millions from NFT sales. Among them are Eminem, Weeknd, Tory Lanez, Jay-Z, Doja Cat, Whitney Houston, and Snoop Dogg, and it's only a small part of the list.
The value of NFT
Like Da Vinci's priceless Mona Lisa, contemporary art should stand the test of time. However, NFT has already leaped forward, pushing the records of money amount for one digital work. For example, the legendary Beeple’s collage "Everydays: The First 5000 Days" was sold for $69.3 million, and it's not just one lucky break. Thus, we’ve compiled a list of the most expensive NFTs ever sold:
- 3LAU's album "Ultraviolet" – $11.6 million
- CryptoPunk #7804 – $7.5 million
- Trevor Jones' Crossroads – $6.5 million
- "Right Place, Right Time" MDJ – $4.1 million
- Celestial Dimension by Pak – $2.8 million
- Weeknd's “Weird Melancholy” – $2 million
- Wu-Tang Clan's album "Once Upon a Time in Shaolin" – $2 million
The Future Forecasts
The NFT market is in its early stages and has huge growth potential. The first thing experts talk about is the development of cross-industry cooperation and unique monetization. For example, a game developer may work with a musician to create an NFT-based game that uses all of the compositions. In addition to art, the NFT will also seep into other areas, crypto analysts assure:
- Real estate: property rights for houses, apartments, etc. can be used in the form of NFT.
- Finance: Stocks, bonds, and derivatives can also be held as NFTs.
- Supply chain: NFT can be a great tool to track the movement of goods through the supply chain and reduce the risk of counterfeiting and fraud.
- Identity: NFT identity verification will easily find applications in areas such as voting, immigration, and healthcare.
Due to the advent of new technologies, the market will strengthen, and NFT become closer to people. For example, our platform always tries to follow trends and create unique opportunities to obtain NFTs.
BetFury & NFT
The BetFury team is committed to collaborating with top NFT artists and platforms. Our goal is to be a versatile platform and provide opportunities to get profit even from the world of NFT paintings.
Recently, we partnered with The Inus to create an exclusive NFT with raccoon Fury. Also, we distributed NFT from TOFU and WIN Hero in Giveaway on our social networks. In addition, you could participate in atmospheric AMA Sessions, ask questions and win Genki and Altura NFT.
We don't plan to stop there, so follow BetFury's social media for up-to-date info and wait NFT activities:
🕊️ Twitter 💬 Telegram Chat ✈️ Telegram Official Channel 🍸 VIP Club 👾 Discord
💽 YouTube 🎵 TikTok 💯 Reddit 🏈 BetFury Sports Twitter 🏀 BetFury Sports Telegram
In conclusion, the NFT world is evolving, and the value of digital music and pictures is growing. Now everyone who wants to create can fulfill his dream and make money from it. Indeed, the sphere of NFT will blossom and launch a new Renaissance!
