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Artists Rake In Millions By Creating NFTs. Why Is There A Surge In Interest For Such Blockchain-Certified Work?

Artists Rake In Millions By Creating NFTs. Why Is There A Surge In Interest For Such Blockchain-Certified Work?

NDTV
Saturday, March 19, 2022 09:54:59 AM UTC

Find out what makes NFT artists succeed outside the art gallery structure.

The recent boom in non-fungible tokens (NFTs) has altered the art industry. It has brought millions of people into the market, who now regard a digital work of art as a collector's item.

The astronomical prices paid for several high-profile, blockchain-authenticated works of art have made them a constant topic of conversation.

We've seen it all, from projects like Bored Ape Yacht Club to performative gestures like Cassils's cans of poop based on famous artists' diets. So, what is it that makes NFT artists succeed outside the art gallery structure? And how come some of these collections rose to celebrity status?

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