No physical pieces of art exchange hands in these transactions. Buyers use cryptocurrencies and receive their NFTs — A unique piece of computer code related to the artwork that is stored on a blockchain, a kind of digital ledger that cannot be changed.
NFT is more than selling a jpeg for millions or making a monkey picture. With digital painting, the work of art is a data file, which can have an infinite number of perfect copies. That is why NFT doesnot comprise the data file of the work of art itself.
Useful tool to fight forgery by traceability and authenticity. To develop and maintain a relationship with clients without relying on intermediaries.