News Digest

on crypto art and NFTs

This post is a broad overview of the recently emerging “crypto art” space, including the use of “Non-Fungible Tokens” (NFTs) as a digital art distribution mechanism.
NFTs, or tokens as I’ll refer to them, can be understood as unique digital objects that can be collected and transferred from one user to another in a cryptocurrency network. Under the umbrella label of crypto art, they often represent a media file, a piece of software, or some artistic concept. These can be released to collectors in a limited capacity, with a cryptographic signature and provenance that traces directly back to the artist.

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