Digital Art.

NFTs provide several benefits for digital artists and collectors. Before NFTs, the inability to verify the authenticity of digital art made the industry challenging to monetize. Now, blockchain technology can track unique digital art in the form of NFTs and can also verify its provenance, authenticity, and scarcity.

Some of the most popular NFT art marketplaces are SuperRare, Nifty Gateway, Know Origin, and MakersPlace. The mainstream art world has also taken notice. Prestigious art auction house Christie’s New York recently sold its first piece of NFT art — a circular panel inscribed with 300,000 digits of Bitcoin code that reacts to its geographical location and time of day — for $131,250 U.S. dollars.