NFT Archives - MKTPlace https://mktplace.org/tag/nft/ all about trading, Fintech, Business, AI & technology in one place Mon, 26 Feb 2024 10:40:35 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.2 https://mktplace.org/wp-content/uploads/2021/03/favicon.png NFT Archives - MKTPlace https://mktplace.org/tag/nft/ 32 32 Understanding the Digital Art Revolution https://mktplace.org/understanding-the-digital-art-revolution/ Wed, 01 Mar 2023 13:01:26 +0000 https://mktplace.org/?p=48246

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Did you know that the oldest human art dates back more than 60,000 years ago?

Human art has come a long way from cave drawings and stone beads. We invented marble statues and oil paintings. And thanks to the breakthrough of modern classical computers, digital art is here.

To be clear, we are not just talking about digital paintings that use vector graphics in lieu of paint. We are talking about an entirely new form altogether, such as NFT art. But how does computer art change what we perceive to be art?

Keep reading as we discuss the digital art revolution, and what it means for the human race.

Digital Art in the Form of AI Art

Perhaps the most shocking and breathtaking recent advancement has been the surge in AI art. If you told someone just five years ago that AI could create art, they would likely laugh in your face. At the time, AI art could produce only very simple works, and nothing worth writing home about.

Thanks to the advent of MidJourney and Dall-E, AI art isn’t just here, it’s good. These particular neural networks can transform written language into art. They can iterate on the art they have created, refining and adding more as the human artist desires.

We may see a future where everyone is an artist. Someone with no talent for pencils and brushes can create jaw-dropping artwork in seconds. This will radically change the way we make movies, TV shows, and have art exhibitions.

Music, Voice, and Acting

AI has changed far more than just visual art. It can generate impressive music and fabricate or copy human voices. After listening to you speak for just a few minutes, AI can learn your voice and make it say anything you want.

We may see a future where actors never die. When they pass away, we can preserve their likeness by copying their voice and using another technology: deep fakes. Deep fakes allow us to put their face on another person’s body, allowing another actor to carry on their legacy for years.

For all we know, AI may get so good that it can copy their acting style and overlay it onto a 3D dummy.

NFT Art and NFT Trading

NFT stands for nonfungible token. In layman’s terms, this allows you to tie ownership of a piece of art to a single person.

In the world of digital art, art theft is rampant. With a single right-click, anyone can download a piece of digital art for free without paying. That’s not the case with art that uses types of crypto like NFT.

Already, you can go online right now and purchase NFT art at websites like superrare.com . Once you purchase the NFT, it is yours forever. Crypto trading allows you to sell it for a premium if you so desire.

Join the Digital Art Revolution Today

Digital art was once just painting with Photoshop. In just the past two years though, it has expanded into far more such as AI art and NFT art. It’s safe to say that human art as a whole may change forever in response to technology.

Follow our blog for more interesting discussions.

 

 

 

]]> What Are the New NFTs and How Do They Work in Practice? https://mktplace.org/what-are-the-new-nfts-and-how-do-they-work-in-practice/ Fri, 04 Feb 2022 09:13:57 +0000 https://mktplace.org/?p=47498

Are you looking to make a fortune on a great digital asset? Have you got your eyes on cryptocurrency? Let’s consider few aspects about new NFTs.

If so, you should consider investing in the new NFTs that have taken the internet by storm. Ever since Metakovan bought Beeple’s NFT for $69 million, the demand for these assets has exploded.

So how do NFTs work? Why should you consider buying different types of NFTs?

Here’s what you need to know:

What Is An NFT?

NFT stands for non-fungible token. This refers to proof of ownership of a digital asset. Often, the term ‘NFT’ is used in tandem with the digital asset itself.

For example, the proof of ownership of digital artwork is the NFT. However, the digital artwork itself can also be referred to as the NFT.

The main key is that when you purchase an NFT it is done through blockchain technology. This ensures that there’s a digital record of the purchase. Blockchain technology also records proof of ownership for a digital asset. This is aside from decentralized applications which is made through dapp development.

Why Buy New NFTs?

So now you might wonder why you should buy new NFTs and if it’s a worthwhile investment.

Any digital investment, especially when dealing with cryptocurrency, is a volatile investment. As such, you want to be careful whenever you consider investing in new NFTs.

However, let’s look at a few arguments as to why someone would invest in new NFTs.

This is a great opportunity for artists. The creator of an NFT always owns a part of an NFT even after selling it. This means that every time an NFT is sold, the artist always earns a commission.

NFTs are also a great way of experiencing art. As of now, most NFTs are digital artworks. However, the opportunities for NFTs remain limitless. We can expect to see more NFTs in the form of digital books, films, music, and games.

How To Buy New NFTs

You can look at a marketplace such as Sandstorm to see new NFTs to invest in for getting a great return on investment.

For now, Ethereum remains the preferred cryptocurrency for buying new NFTs. As such, you want to focus on accumulating as many Ether tokens as possible.

You also want to research what types of NFTs are doing well. You might find a particular digital artwork appealing but it might not sell for a higher price in the future.

Now is also the time to look into NFTs that go beyond the realm of digital art. These are likely to become more popular within the next few years.

Build Your NFT Portfolio

Now that you know the benefits of new NFTs you can start building your portfolio.

The advantage of owning an NFT is that it gives you proof of ownership of a valuable digital asset. If you’re a creator then you’ll always earn a commission whenever your NFT gets sold.

This is a risky investment though many creators and investors alike have become wealthy through new NFTs. You can also expect new forms of digital assets to become popular as NFTs.

You can find more tips on buying different types of NFTs on our blog!

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