Coins and tokens are both terms used in the cryptocurrency and blockchain space, but they refer to different types of digital assets with distinct technical characteristics. In summary, coins are native currencies of their respective blockchains, while tokens are digital assets built on existing blockchains using smart contracts and can represent a wide range of assets and utilities.
These are just a few of the many talented South African artists who are creating NFTs. The NFT market is still in its early stages, but it is growing rapidly, and South African artists are well-positioned to succeed in this new space.
In April 2022, just after the Out Of Africa NFT Collection was auctioned on OpenSea, the founder and CEO of Invictus Capital, Daniel Schwartzkopff was forced to tender his resignation during an Invictus board meeting. Invictus Capital is a regulated…
The Out of Africa NFT collection was a groundbreaking project that has changed the way that African art is seen and appreciated around the world. The collection is a testament to the talent of African artists, and it is a powerful example of how NFTs can be used to support African communities.
The buyer of Beeple’s NFT artwork “Everydays: The First 5000 Days” was Vignesh Sundaresan, a cryptocurrency investor and the founder of the Metapurse NFT project. The artwork was purchased for $69.3 million at Christie’s in March 2021, making it the…
Generative blockchain art often engages a new audience of collectors who are interested in owning unique digital items with verifiable scarcity. The NFT ecosystem fosters a sense of community among artists, collectors, and enthusiasts, with interactions often taking place on social media and blockchain platforms.
The sale of "Everydays: The First 5000 Days" marked a significant moment in the NFT art world, not only for its historic price but also for the recognition of digital art's value and the transformative potential of NFTs. The artwork encapsulates Beeple's dedication to creativity and his innovative use of digital platforms to share his art with the world.
These examples showcase the diverse possibilities and creative potential of NFTs. They have also proven the appetite for unique, scarce, and innovative digital artworks among collectors and investors. As the NFT space continues to evolve, we can expect to see more innovation that pushes the boundaries of traditional art.