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The NFT tokens

The Nft are non-fungible tokens that are used to represent an asset, whether physical or digital, they work under the Ethereum network with the chain of smart contracts, since 2012 the first NFT was developed taking fractions of bitcoin, it was called colorcoin or color currency. , allowing the development of a new non-fungible token called NFT with an ERC721 standard. Later ethereun managed to develop its own non-fungible NFT with the same standard that cannot be altered but exchanged and will be registered in the ethereum blockchain.

Everydays: The First 5000 Days NFT

It was created by an artist named Winkelmann recognized as Beeple THE CREATED 5000 TOKEN NFT 1 per day each image measures 21,069 x 21,069 pixels) unique and non-expendable each work of art created by this artist was sold for 69.3 million dollars in 2021 and was the highest price paid for an NFT and oddly enough it is the third highest paid work by a living artist the total payment in ether was 42,329 by the programmer Vignesh Sundaresan currently lives in Singapore he is now its owner but not its author at this time they have it on display inside a digital museum called metaverse

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The famous artist was inspired by the British art of Tom Judd, beginning his work on May 1, 2007.
Different drawing methods were used, which were freehand and also in the computer, there are several figures related to musical artists, presidents, comics, aliens, monsters, zombies and many more where it revealed several misogynistic racial and homophobic stereotypes

Let's talk a little more about the prices of Beeple's works, in October 2020 the most that an impression sold, for $ 100 but you will wonder why it was sold for 100 but now 1 single impression has a value of 6.6 million due to knowledge of the artist's contemporary arts and his high publicity on his social networks has more than 2.5 million fans. the famous artist has become highly famous "worth the redundancy" for his work the high demand for his works is like gold is valuable because people believe it so it is the same with NFTs they are valuable because people believe it as is well.

There is a dark side of NFTs due to the increase in NFTs exaggerating the prices of works that are auctioned, many artists are concerned about the great growth of this due to the impact it may have on the ecosystem of the blockchain that has some defects of design by developers.

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Conclusion

If we talk about personal thoughts there are millions of them each with its relative meaning with respect to the NFTs, many say that it is transitory, others who came to change the traditional culture now as far as I am concerned, no one buys to lose if you bought an NFT in 60 $ and you sold it for $ 66,666, then the buyer will sell it for 6.5 million, everything will depend on their demand and the great recognition of the artist, even though they are token based on the ethereum network, they are unique, not fungible, they can be copied but they are cheaper copies. and it is not the original the owner is the owner but it is not the creator. many like me think that NFTs are the beginning of the new digital age.

Thankyou
@steemcurator01
@steemcurator02
@levycore