did you dream today?
did you dream today?
Our latest NFT Collection "Creation Theory" features 100 pieces of intensely colorful digital art inspired by the stories of creators and creations. It is our first foray into creating digital art experimenting with GANs, taught using our ORIGINAL paintings. A story told through art, each painting represents a chapter in this collection. Available on Open Sea.
Please enjoy this release of NFTs of our original abstract acrylic paintings. There has never been any replications or prints of Wolves Art Collective original works.
What is an NFT?
Non-Fungible Tokens are unique, easily verifiable digital assets that can represent items such as GIFs, images, videos, music albums, and more. Anything that exists online can be purchased as an NFT, theoretically.
An NFT is “a type of cryptographic token,” Emerging Tech Brew writer Ryan Duffy explains, but NFTs are different from cryptocurrencies because they’re not interchangeable. Think of Pokémon cards: You can trade them, but a Gastly is not the same as a holographic Charizard. But a bitcoin is indistinguishable from another bitcoin.
Why would I want to own an NFT? Can I make money on it?
One reason to buy an NFT is for its emotional value, which isn’t so different from physical objects...unless you’re a total utilitarian. No one buys lip gloss because they need it. They buy it for the way it makes them feel. The same can be true for a GIF, image, video, or other digital asset.
The other reason is because you think it’s valuable...and will only increase in value. And yes, you can make money off of an NFT by buying and reselling it for more.
How do you buy an NFT?
The process varies based on what platform and cryptocurrencies you use. To buy and trade NFT's on Open Sea, you can find information on Open Sea Support here: 👉 https://support.opensea.io/hc/en-us/sections/1500000462261-Buying
How do you know your NFT is authentic?
NFT ownership is recorded on the blockchain, and that entry acts as a digital pink slip.
Are NFTs new?
They’re newly popular, but not new. Andrew Steinwold traces their origins all the way back to blockchain-backed Colored Coins in 2012, but they didn’t move into the mainstream until CryptoKitties had everyone buying virtual cats in 2017.
The creators of CryptoKitties started Top Shot, a platform that allows fans to buy, sell, and trade NBA highlights, and digital artwork is now being auctioned by Christie’s.
Source: Jaime Wild - The Morning Brew