Take it from the experts - right now is the best time create or own an NFT. In 2021, Non-Fungible Token sales touched $25 billion. This is the next chapter in art history being written. From an investment point of view it is a great opportunity as these assets can be bought, sold, and traded easily without the risk of fraud which is a common concern for art collectors.
CrypoArt, as NFTs are known can take the form of digital art, videos, gaming collectibles, or music. What makes them so safe is that every time the NFT is resold, the new owner and the price paid is automatically recorded on the blockchain, which is a digital archive of transactions no one can alter and everyone can see. So you're not buying an actual picture but you're buying the property rights to the picture.
The first NFT, Quantum was created not long ago in 2014 by McCoy and was sold for $10,000. It is worth $7 million today. A sign of how widely appreciated these art works are is that they are now auctioned at established institutions like Sotheby’s and Christie’s. sold crypto art and accepted cryptocurrency as payment.
Creators of these amazing works of art range from 87-year-old Jose Deblo who started as a comic book illustrator to 12-year old Benyamin Ahmed the founder of Weird Whales NFT Collection.
As one can imagine, the list of most popular creators keeps changing but there’s a community-like energy among the collectors and artists alike.
1. Mike Winkelmann popularly known as Beeple based in South Carolina, was represented by Christie’s for his work in “Everydays: The First 5000 Days. This is a collage of images that he uploaded daily for 13 years. He still posts daily digital creations on his Instagram, and has1.9 million followers today. He uses 3D technology to create realistic yet absurd images, ranging from digital shapes and scenery to grotesque political illustrations.
2. Next in popularity is Trevor Jones who started as a traditional artist but moved to crypto art in 2019. His first NFT piece was EthGirl, a digital painting depicting an animated collage of the Ethereum logo that reveals a face. It sold for 70 Ether (ETH),, In 2021, the artwork was valued at over $8 million. Genesis sold for $604,967.
3. Victor L, who goes by FEWOCiOUS is just 18 years old. This transgender teen experimented with surrealism and the artwork sold for $370,000. Vibrant colors, images and text create a hallucinatory combination. The EverLasting Beautiful sold in March 2021, for $550,000.
4. The identity of the artist known simply as Pak is a secret. The work Metarift sold for $974,982.87 in March 2021.
5. Mad Dog Jones’ artwork started as photographs or hand drawings of nature and morphed into collage, coloring, and illustrating into a cyberpunk scene. Replicator self-produces seven unique NFT "generations" in a 28-day cycle. The original image depicts a photocopier, and the work will produce one new NFT per month.
6. Hackatao are two artists whose art pieces are based on the issues of society, environment, humanity. Their most successful sale was of Kim Jong Un titled Dead and Alive in March 2021, which sold for $321,967.
7. The identity of Xcopy is also unknown. The artwork explores death, dystopia and apathy through flashing imagery often paired with epilepsy warnings. His Super Rare piece, All Time High in the City, sold for $4,358,359.20 and appears to show a representation of Charon, the ferryman who brings the souls of the dead across the river Styx to the Underworld.
8. Mike Parisella who goes by SlimeSunday pushes the limits and explores themes of sexism, consumerism, and censorship. What the Fork explores bizarre and erotic topics. He created two books he called Banned from the Internet, one red and one blue and tokenized them through NFT marketplace Nifty Gateway.
9.Justin Blau known as 3LAU is a DJ iwho made his name as the first musician to sell a crypto-album. He made over $11.6 million in online sales in one day. A single song from Ultraviolet sold for over $3.6 million on his custom-made digital-token auction site. The 33 top bidders at his auction each received an "Ultraviolet" vinyl NFT.
10. Grimes is a talented musician and multimedia artist. She sold $6 million worth of digital art. Buyers may not get to hang these digital pieces on their wall, but they get the bragging rights. She sold a series of 10 digital artworks on February 28, 2021. The highest price went to Death of the Old, which includes flying cherubs, a cross, a sword, and glowing light and is set to an original song by her
These talented artists continue to push the boundaries of creativity using NFTs, adapting them in new ways. An artist does not need an art gallery, store or museum. He also does not need an agent or even a large number of followers on social media to make money. As is the world of traditional art, rare pieces by popular artists are the ones most likely to be appreciated, collected or purchased.
It’s not just artists who are creating NFTs. Now beyond repping your team, or loving your favorite player fans can own basketball's greatest moments with NBA Top Shot. It’s very likely that other sports organizations will soon follow, and collectors will be able to buy baseball, hockey and soon maybe cricket NFT cards as well.
If you want to start your own crypto art collection, you will need to get your hands on a few important items: First, you will need to obtain a crypto wallet or digital wallet such as Metamask, TrustWallet, or Coinbase Wallet that allows you to store NFTs and cryptocurrencies. Next you will also need to buy some cryptocurrency, depending on which currencies the NFT marketplace chooses to accept as payment. Get started!