Borcelle

The concept behind NFT art is that artists create digital pieces (such as images, animations, music, etc.) and mint them into NFTs, which are then bought, sold, or traded on various NFT marketplaces like OpenSea, Rarible, or Foundation. The blockchain technology behind NFTs ensures the ownership of the artwork is secured and transparent, and the creator typically receives a royalty whenever the artwork is resold.

Some key points about NFT art:

1. Ownership & Authenticity: NFTs confirm ownership and authenticity of the digital piece, meaning even though the artwork might be easily copied or shared, the owner of the NFT has the verified original.

2. Royalties for Artists: Artists can embed royalty percentages into the NFT, ensuring they earn a percentage every time the piece is resold in the marketplace.

3. Environmental Concerns: Because most NFTs are created on blockchains like Ethereum, which rely on energy-intensive proof-of-work systems, there's been criticism regarding their environmental impact. However, some artists are moving toward blockchains with less environmental strain, like Tezos or Flow.

4. Popularity: NFT art has gained massive popularity, with high-profile sales and artists entering the space. Some NFTs have sold for millions of dollars, attracting significant attention from both traditional art collectors and digital enthusiasts.