NFT Art has been one of the hottest topics in the industry as of this article’s writing. Bringing in a new wave of artists seeking to jump on the bandwagon which has made a number of people instant millionaires due to the value it brings with it, NFT is one of the most talked-about art forms in the modern world — and the hype just keeps on building as time goes by.
To provide context, NFT stands for Non-Fungible Tokens. Basically, NFTs are any digital property that can be assigned a unique value that only the owner of the NFT can possess. While the common assumption is that NFT is commonly associated with digital art, anything uploaded online can actually become an NFT.
From your everyday items to other sentimental pieces, an NFT can be produced with a few processes to boot. But one thing is for certain, the rise of NFTs has both spawned a new wave of creators and traditional artists who also intend to “modernize” their pieces.
But one question remains, what is the actual difference between NFT and Physical Art when looking at things in further detail? While the most obvious one is — as the name implies — that NFT Art enjoys a growing culture in the online sphere while on the other hand, physical art is classified into the more “traditional” scope.
First, let’s look into NFT Art. As the name suggests, NFTs cannot be reproduced easily. Yes, people can make endless copies of the art itself online through a simple saving of the NFT image, but the actual value of NFTs lie in the blockchain where its authentic data is stored.
The blockchain data assigned to a particular NFT acts as its “signature” which makes it stand out from the rest of the copies of the actual art itself. In the blockchain signature of NFTs, a lot of important information that can prove a piece’s authenticity is stored in order to protect people from fraudulent imitations.
The information on the NFTs may contain data such as when the NFT artwork was made, who made the piece, and even the details on how the NFT art can be sold if the owner wishes to in the future. This particular data on the NFT kept in the blockchain is one-of-a-kind and cannot be imitated. This is one of the factors that makes NFT all the more valuable and appealing depending on the artist and the rarity of the said piece.
Physical Art is what most people have been used to seeing for centuries. But the thing is, physical art can also become NFTs themselves. As one might have noticed already at this portion of the article, NFTs and Physical Art are basically the same in their purpose and how they are valued. The difference is how they are presented.
While NFT Art and Physical Art each have their respective amount of effort exerted onto them, the relationship between the two is in fact closely tied together. With the recent modernization of traditional art into the Pop Art movement in the previous century, NFTs can be identified as a representation of modern art and how it assimilates into today’s society via digital means.
Check out some the processes I use to make my own artwork.