When I began my quest to understand NFTs, I did not think I would end up buying one. Yet there I was, scanning a QR code with my phone in the middle of an art exhibit, spending $69 of my own real money to be the proud owner of a jpeg. The image, named Independence, is of a sculpture of the Statue of Liberty surrounded by a pair of metallic snakes, designed by an artist who goes by the name Fvckrender. (He may be a big deal in the NFT art world, but I still had to bleep out his name in my video.)
For three days I ran around a New York City NFT convention, toured physical NFT art galleries and spoke to the artists and entrepreneurs building this new realm of digital property — and of course, tried to understand what people even do with their NFTs. I learned NFTs are much more than collecting overpriced cartoons of bored apes using cryptocurrency — although there are plenty of people trying to get rich off various pixelated animal heads.
Look, Ma, no crypto. In learning about NFT Art, I find myself buying a piece by scanning a QR code and entering my credit card number — as easy as buying shoes online. But what do you do with digital art?
Candice Greene/CNET
This new way of buying and selling digital property is — no question about it — absolutely wacky. A lot of it is also problematic. Yet to my surprise, while immersing myself, I found a side of it all that is almost hopeful and inspiring in its potential for the art world, and I learned what it will take for NFTs to be part of our everyday lives.
You can follow my quest to understand NFT art in the video embedded above.
Source by www.cnet.com
