NFTs History — From Rare Pepe to Beeple 69 Million Dollar NFT sale

and how are these NFTs changing the art world

Henrique Centieiro & Bee Lee
DataDrivenInvestor
Published in
4 min readApr 13, 2021

--

Digital art wasn’t recognized as “real” art for many years. Painting, sculptures and installations were the “real” art, while digital art was seen as “second-tier” art. However, digital artists also spend a lot of time building their art and perfecting their skills, just like more “classical” artists.

For many years, digital art and digital artists were not paid the fair share for their work. Digital artists were more like freelancers, going from gig to gig and always had a hard time making more money from their digital art.

The reason why is that it’s hard to make digital art unique. Once digital art is created, it’s very easy to be copied thousands of times across the internet, and it’s very hard to track those copies and distinguish which one was the original.

In classical painting, I know that although there are thousands of photos on Salvador Dalli “The Persistence of Memory” all over the internet, the original physical painting is owned by someone (in this case, it’s at the MOMA in New York).

Although I can copy/paste this image thousands of times, the original will always have it’s value because it’s easy to prove the ownership of the original. The…

--

--

Written by Henrique Centieiro & Bee Lee

👑8X Medium Top Writer | ✍🏻AI, Tech, Crypto, Money, Investing, Mindset | 🧠Be part of our Be Limitless community: https://www.skool.com/be-limitless-4003/about

No responses yet

What are your thoughts?