{"id":22225,"date":"2021-12-01T21:00:00","date_gmt":"2021-12-01T20:00:00","guid":{"rendered":"https:\/\/www.11onze.cat\/?p=22225"},"modified":"2021-12-04T15:35:31","modified_gmt":"2021-12-04T14:35:31","slug":"catalan-artist-should-check-nfts","status":"publish","type":"post","link":"https:\/\/www.11onze.cat\/en\/magazine\/catalan-artist-should-check-nfts\/","title":{"rendered":"If you are a Catalan artist, you should check NFTs"},"content":{"rendered":"
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The global demand for certificates of authenticity for digital works has skyrocketed and has created a market where artists, YouTubers, and collectors exchange NFTs for millions of dollars. Here’s how to join the revolution and how to cash in.<\/b><\/h3>\n

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NFT stands for ‘non-fungible token’, an inimitable virtual reference unit generated using blockchain technology, which is also used by cryptocurrencies. Unlike cryptocurrencies, however, non-fungible tokens <\/span>have a unique, irreplaceable unit of reference, which is credited to the author and owner of the work<\/b>. The concept of fungible refers to goods that are mutually interchangeable.<\/span><\/p>\n

Certifying, valuing, appraising, and selling digital art in the virtual world was difficult without a tool to provide proof of authenticity and ownership, to stop plagiarism, mass reproduction, and unauthorised distribution over the internet. NFTs securely store the entire history of digital content (which can be a photo, video, audio, tweet, GIF, ebook, meme…) so that <\/span>we can trace the change of ownership transactions, which are recorded, and on which the author can charge a percentage or ‘royalties’<\/b>.<\/span><\/p>\n

Obviously, any digital asset can be copied and redistributed, except for copyright, which often makes it become viral, but <\/span>with the purchase of an NFT we acquire the original work, signed by the author, and the ownership rights<\/b>.<\/span><\/p>\n

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The buying and selling process<\/b><\/h3>\n

NFTs have been around since 2017, and<\/span> one of the first apps to popularise them was CryptoKitties<\/b>, a ‘blockchain’ game on the Ethereum cryptocurrency platform, where players could buy, sell, and feed virtual cats. Other games, such as Fortnite, which emerged later, normalised the digital purchase of animations, skins, and more.<\/span><\/p>\n

Today, creating, selling, and buying an NFT is as easy as uploading a photo on social media. <\/span>All you have to do is register on a marketplace platform such as <\/b>OpenSea<\/b><\/a>, <\/b>Rarible<\/b><\/a>, or <\/b>Markersplace<\/b><\/a>, upload the content you want to convert to NFT, and link your crypto-wallet.<\/span><\/p>\n\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n

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