Definition

NFT – A non-fungible token is a unit of data stored on a digital ledger, called a blockchain, that certifies a digital asset to be unique and therefore not interchangeable. NFTs can be used to represent items such as photos, videos, audio, and other types of digital files.

What is an NFT

The idea of NFTs emerged from what is called a “colored coin”, initially issued on the Bitcoin blockchain in 2012-2013. Colored coins are tokens that represent real-world assets on the blockchain and can be used to prove ownership of any asset, from precious metals to cars to real estate, even equities, and bonds. Although not as sophisticated, this original idea was to use the Bitcoin blockchain for assets like digital collectibles, coupons, property, company shares, and more.  They were described as new technology and gave raw possibilities for the future prospects of utilization. – https://blog.portion.io/the-history-of-nfts-how-they-got-started/

NFT Artist – Mike Winkelmann (Beeple)

Mike Winkelmann, also known as Beeple, is currently the most successful NFT artist with his total artwork value adding up to $113,100,017.88. His most valuable artwork sold for $69,346,250.00, the artwork was called “Everydays: The First 5000 Days,” and was largely responsible for the mainstream media’s coverage on NFT sales. This was also the first time an auction house sold an NFT and accepted cryptocurrency as payment.

Beeple has sold a total of 845 pieces with an average sell price of $133,849.86 each. He also continues his ‘Everyday’ series on his Instagram by posting daily digital creations. mHe creates extremely realistic digital images and animations from digital shapes and scenery to political illustrations.