Because NFTs cannot be copied or altered, they are particularly suited to tracking property that cannot be reproduced, such as rights to an image or land, for example. For artists, entering the NFT space adds another possibility to sell art, and provides a way for fans to support it. Whether or not NFTs are here to stay, for the moment they are making some people money and creating new possibilities for digital art. Once you have them, there are a number of NFT-focused platforms that allow you to plug in your portfolio and upload the image or file you want to turn into an NFT.
Any kind of easily reproducible digital file type can be stored as an NFT to identify the original copy, such as photography, art, music, videos, tweets and even memes. There are people working to mitigate this problem, but so far, most NFTs are still tied to cryptocurrencies that generate a lot of greenhouse gas emissions. In fact, there are people who are spending tens or hundreds of thousands of dollars on NFT pet rocks (whose website says the rocks serve no purpose other than to be tradable and limited). Founded in Stockholm by Christina Löwenström and Johan Forsman Löwenström, Zeptagram allows musicians to turn their songs into NFTs and sell a share of the ownership rights to fans and investors.
NFTs became technically possible when the Ethereum blockchain added support for them as part of a new standard. NFTs can represent a single work, such as Beeple's artwork; or a series of items, such as Kings of Leon's "NFT Yourself" series, in which the assets offered included music albums with unique features and special concert tickets. Musicians are also selling the rights and originals of their works, as well as short video clips of their music, and even digital real estate and 3D assets, such as furniture, can be purchased as NFT. Rarible is an NFT marketplace where users can mint, buy and sell digital collectibles ranging from GIFs of gummy bears to animated videos commemorating sporting milestones such as boxer Floyd Mayweather Jr.
One of the obvious advantages of buying art is that it allows you to financially support the artists you like, and that's true of NFTs (which are much more fashionable than, say, Telegram stickers). We also have many other pieces related to NFTs, such as the best NFT artwork, and how to make and sell an NFT. The token gives you ownership rights to the piece you receive, and you can sell your NFTs on marketplaces like OpenSea and Nifty Gateway.