In fact, anything. Music, images, text, video, 3D models – that is, any digital product that claims to be unique:
NFT pays special attention to collectors (who, if not them, to search for unique items), gamers (who are interested in in-game items: skins, weapons, collectible cards, etc.), as well as artists and art lovers. And art in all its manifestations.
Singer Grimes (aka the mother of a boy named XÆA-12, Ilon Musk’s child) sold her drawings in the NFT format, earning $5.8 million.
DJ 3LAU became the first musician to put his album on sale, receiving $11.6 million for it. Other musicians who have also sold their creations in the form of NFT include the band Kings of Leon and singer Weeknd.
The record was the sale of “Everydays: The First 5000 Days” by artist Mike Winkelmann (aka Beeple). The JPG file, consisting of all the images that the artist painted every day for five thousand days, was sold for $69.3 million. Winkelmann’s painting became the first NFT work sold in the history of Christie’s auction house.
Non-interchangeable tokens are of interest not only to artists, but also to major publications. Times Magazine put three of its covers up for sale (including the iconic “Is God Dead?”), and The New York Times sold its column with the telling title “Buy this column on blockchain!”.
Not only music tracks or drawings, but also models are offered as NFT-lots. For example, Canadian artist Krista Kim managed to raise $520,000 for a minimalist model of a house designed in Martian scenery.
I’ve created the NFT. What am I supposed to do now?
There are a wide variety of venues that work with NFTs. Some are highly specialized marketplaces and differ in the categories of objects sold: somewhere you can find exclusively video game items, somewhere – digital art.
Notable ones include OpenSea, Rarible, Niftygateway, and SuperRare. The platforms charge a commission in ethers (this is the name of the exchange unit of the Ethereum cryptocurrency – non-mutually exchangeable tokens were created on the basis of its infrastructure). The size of the commission varies, but it is usually in the tens of dollars.
Some services immediately generate a token from the uploaded file (and immediately charge a commission), while others create an NFT only at the time of sale.
