In 2021, auction house Christie's NFT artwork was created by Mike Winkelmann (also known as Beeple) every day for the first 500 days, at a price of $69m dollars. Vignesh Sundaresan is an owner with pride in the second-highest priced NFT (or non-pliable token).
Now, you may ask what's so special in this digital artwork that would make anyone be tempted to buy an NFT worth millions of dollars when we can get the exact same digital artwork by downloading it or taking a snapshot. If you want to know more information about NFTs, visit http://web.nftwatcher.net/.
The answer to all your questions is in the idea of NFT. Let's begin by learning more about NFTs and how they function and their potential in the world. You will be able to discover the solution to all your questions!
Let's consider the example of the famous Renaissance painting, The Last Supper, to make it easier to understand! It is possible to photograph the work or buy an original print. However, only one original artwork of Leonardo Da Vinci will ever exist. It's the same with NFTs as well!
They're similar to other pieces of art for collectors like sculptures or paintings. The price is for the file and documents that you have the original copy of rather than something tangible. One of the main benefits of purchasing artwork is the ability to contribute financially to artists you like.