Whenever an NFT transaction occurs – buying, selling, giving, whatever – the data is timestamped and then has to be validated across the entire blockchain, which contains a history of every transaction ever made with that specific NFT. The database is set out in a number of “blocks” of data, each leading sequentially to the next – hence the “chain”. The number is checked against a distributed database updated and shared across a network of computers, also known as a “blockchain”. Think of it like a unique ID number assigned to the art. Technically, it’s not the art that isn’t replicable it’s something that’s linked to the piece of art, called an NFT (non-fungible token). This is going to get technical, so bear with me. So cryptoart is a way of making digital files one-of-a-kind.īut, but … how do they stop it being replicated if it’s digital? And doesn’t that mean it’s not really “one-of-a-kind”? Normally, digital art is very easy to replicate due to the very nature of digital information. Cryptoart is a way of making digital art unique, and therefore – according to some people – valuable. Hey Lucy! So you might have heard of it in context of the $US600,000 Nyan Cat gif or the more recent Kings of Leon NFT Album, both of which are examples of cryptoart. Pat, I keep hearing references to cryptoart which are all very … cryptic.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |