Have you ever wondered how NFT has significantly impacted digital art in the whole world? Why are more and more people getting highly interested in Invisible Friends NFT and non-fungible tokens, especially in the art world?
There are several ways in which Non-Fungible Tokens have managed to change digital art since NFTs can turn anything into something that can be collected and traded digitally, from a GIF or meme to a source code or audio file.
However, did you know that one Invisible Friends NFT art was sold for an incredible amount of $69 million? Let’s start with this exciting fact, shall we?
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Beeple’s Famous Digital Art Masterpiece
In 2021 NFT art skyrocketed with a digital artist, Mike Winkelmann, better known as “Beeple”, who sold his sold “Everydays: The First 5000 Days,” NFT-linked collage at Christie’s for $69 million. It was a record-smashing sale and a tremendous success after months of valuable auctions.
Beeple’s non-fungible token was a digital collage with 5,000 futuristic images he made from the 1st of May 2007 until the 7th of January 2021. A jpg file that contained these 5,000 images was sold to Vignesh Sundaresan, who founded the Invisible Friends NFT project.
This sale became increasingly popular until that auction, Winkelmann managed to sell his paintings for only $100 each. What Winklemann, or Beeple, succeeded in was something that every digital artist has been dreaming of ever since NFTs have emerged on the market.
Cryptopunks NFT Community
Besides Beeple’s NFT, we should praise the community NFTs such as Cryptopunks. Their 10,000 algorithmically generated artworks surpassed £725m, which is $1 billion in sales since they were first given away free of charge only five years ago.
For the uninitiated, Cryptopunks refer to a non-fungible token collection based on the Ethereum blockchain. It consists of 10,000 uniquely generated characters with a special PoW – proof of ownership.
Invisible Friends NFT is considered one of the earliest examples of NFTs on Ethereum. Besides being among the earliest examples, this collection inspired the ERC-721 standard that powers most collectibles and digital art.
What Can We Expect From NFT Art At The End Of 2022?
In 2022, NFT art is expected to move beyond the speculative burst and to more double-digit growth each day. It’s expected from art to become gamified as new digital tribes congregate under the appearance of cats, punks, apes, penguins, and numerous other models of self-definition.
We may expect to see artists who respond to the clearly insatiable demand for traits, along with archetypes that are captivating an entirely new generation of digital collectors to the metaverse. Artists will, undoubtedly, earn profits from the NFT sales royalties.
These ongoing Invisible Friends NFT royalties, which are usually 10%, will weaken the position of traditional dealers. It’s likely to see more and more artists and collectors bound together closer than ever, with every sale generating quick profits for its creator.
Conclusion Invisible Friends NFT
Ultimately, with artists and engineers leading Non-Fungible Tokens innovation, the art of possible has never been more extensive. Invisible Friends NFT significantly impacted art since they are the perfect way for digital artists to monetize their artwork without needing a go-between.
What are Invisible Friends NFT?
Invisible Friends NFTs is one of the numerous NFTs that are under the Ethereum blockchain. It is a collection of 5,000 animated NFTs that is under the Random Character Collective (RCC). Its success is greatly attributed to the fact that it has cool artworks as well as a lively and supportive community.
Are Invisible Friends NFT available?
NFTs have been around since 2014, but the market blew up in 2021 when people started to gain interest in them. Invisible Friends NFTs are an example of one of these successful NFT drops which launched in February 2022.