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  1. 1. What are these cryptocurrencies?
  2. 2. Bitcoin - the story of a technological revolution
  3. 3. Satoshi Nakamoto, who is the creator of Bitcoin?
  4. 4. Vitaly Buterin – the creator of Ethereum
  5. 5. What is blockchain, and how does it work?
  6. 6. What is an NFT token?
  7. 7. What is money?
  8. 8. Cryptocurrencies vs fiat money, which will win?
  9. 9. What is DeFi (Decentralized Finance)?
  10. 10. DeFi: opportunities, advantages and disadvantages of decentralized finance
  11. 11. What is an altcoin?
  12. 12. Stablecoins - What are they?
  13. 13. Cryptocurrency wallet - what is it?
  14. 14. Why do we talk about bull and bear markets?
  15. 15. Security in the crypto market - what rules are worth following?
  16. 16. What is the seed phrase in cryptocurrencies?
  17. 17. Dogecoin and memecoin - what are they?
  18. 18. What is a Ponzi scheme?
  19. 19. What is a Soft and Hard Fork?
  20. 20. Blockchain - examples of use
  21. 21. Is blockchain safe?
  22. 22. What are the types of blockchain networks?
  23. 23. What is blockchain network congestion, and how does it work?
  24. 24. Cryptocurrency wallets: Hot Wallet vs. Cold Wallet - key differences!
  25. 25. Cryptocurrency wallet diversification
  26. 26. Halving Bitcoin - what is it, and how does it affect the price?
  27. 27. Blockchain versus databases: key differences!
  28. 28. How do you transfer cryptocurrencies?
  29. 29. The most important cryptocurrency acronyms/slang you need to know!
  30. 30. The memecoin story: madness or great investment?
  31. 31. What is Ethereum? 
  32. 32. Everything you need to know about gas fees in Ethereum!
  33. 33. Gavin Wood: Blockchain Visionary and Co-Founder of Ethereum
  34. 34. Decentralized Apps – what are they?
  35. 35. What is Proof of Work (PoW) and what is Proof of Stake (PoS)?
  36. 36. What is the Proof of Authority (PoA) consensus mechanism?
  37. 37. What is Proof of Burn (PoB)?
  38. 38. What is a whitepaper? What is its purpose, and how do you write it?
  39. 39. Smart Contracts - what are they?
  40. 40. Know your customer (KYC) and Anti-money laundering (AML) what are they in the cryptocurrency industry?
  41. 41. Blockchain and NFT games - how to make money on them?
  42. 42. Liquidity in the cryptocurrency market
  43. 43. Inflation and its effects on financial markets
  44. 44. What is stagflation and why does it have a negative impact on the market?
  45. 45. What are utility tokens and what use do they have in the cryptocurrency sector?
  46. 46. What is cryptocurrency mining?
  47. 47. What is the mining difficulty?
  48. 48. What is compound interest, and how does it work?
  49. 49. What Are Privacy Coins and Are They Legal?
  50. 50. What is CBDC - central bank digital money?
  51. 51. What is Cryptocurrency Airdrop all about?
  52. 52. Key differences between ICO, IEO and STO
  53. 53. What are decentralized DAO organizations, and how do they work? What are DAO tokens?
  54. 54. What is EURT? How does it work?
  55. 55. What is the difference between Circulating Supply and Total Supply?
  56. 56. Snapshot from the world of cryptocurrencies - what is it?
  57. 57. What is the Fear and Greed index for cryptocurrencies?
  58. 58. APR versus APY: what is the difference?
  59. 59. What is an Initial Farming Offer (IFO)?
  60. 60. What is Regenerative Finance (ReFi)?
  61. 61. Who Is Craig Wright, the Alleged Creator of Bitcoin?
  62. 62. What Is Bitcoin (BTC.D) Dominance?
  63. 63. Michael Saylor, Self-Proclaimed Bitcoin Maximalist
  64. 64. Bitcoin Pizza Day
  65. 65. AI blockchain - a new look into the future?
  66. 66. What is WorldCoin? Everything you need to know about this cryptocurrency!
  67. 67. Azuki NFT collection guide: everything you need to know about it!
  68. 68. The 10 most expensive non-fungible tokens (NFTs) ever!
  69. 69. The Bored Ape Yacht Club (BAYC) - the story of the popular NFT collection!
  70. 70. CyberPunks - the story of the most popular NFT collection in the crypto industry!
  71. 71. NFT Art: The digital art revolution - history and examples!
  72. 72. Who is Changpeng Zhao, CEO of Binance?
  73. 73. Who is Brian Armstrong - CEO of Coinbase?
  74. 74. Who is Galy Gensler and the SEC? How does the Securities and Exchange Commission (SEC) affect the cryptocurrency market?
  75. 75. Web3's most popular social media platforms! Will they replace the platforms we know?
  76. 76. What is IoT - the Internet of Things?
  77. 77. On-chain analysis in the cryptocurrency world: Everything you need to know about It
  78. 78. Can you pass on your cryptocurrencies after death? How do you pass on a cryptocurrency inheritance?
  79. 79. What is the Howey test? What application does it have in cryptocurrencies?
  80. 80. The use of blockchain technology in the world of sport
Lesson 71 of 80
In Progress

71. NFT Art: The digital art revolution – history and examples!

Digital art has undergone a significant evolution over the last few years, and one of the key elements of this evolution is the birth of NFT Art. In this article, we will explore what NFT Art is, its key examples and how this technology has changed the way we think about digital art.

What is NFT Art?

NFT, or Non-Fungible Token, is a type of cryptocurrency asset that represents unique, indivisible assets. In the case of NFT Art, these are digital artworks. Digital assets, represented by NFT are art that the holder can sell or trade on any blockchain platform designed for this purpose.

Selling digital art under the form of non-exchangeable tokens is a way of selling that does not require building an extensive social network. All transactions take place on dedicated NFT marketplaces, which do not require self-promotion.

How does NFT Art work?

NFT Art is created and stored in the form of tokens on blockchain, typically on Ethereum-based platforms. Each token represents a specific piece of art, and its entire history is publicly available on the blockchain. This means we can see who currently owns the artwork, when it was sold and for how much, and who the author is.

Basic differences between NFT Art and traditional art

In some cases, NFT Art pays off more than traditional art. Why? Because in this case, the artist can set a percentage of the commission and earn money every time their work is sold. Unlike traditional art, works represented by non-exchangeable tokens can be resold and their creator receives royalties each time.

The main differences between NFT Art and traditional art, include:

First and foremost, the method of storage. Paintings created by famous painters require storage space. The artwork represented by NFT needs only a digital file, which is stored on a platform built on blockchain technology.

The second difference is the method of sale. Paintings or other traditional art is sold in art galleries, auction houses or online platforms. NFT art can only be purchased on dedicated NFT markets.

Potential recipients. This is the third, and very important, difference. NFT Art reaches many audiences, and all you need is access to the internet to do so. If you want to buy a painting, or even view it, you have to go to a gallery or auction house.

The fourth difference that works against NFT Art is the market volatility that the sector unfortunately experiences. The NFT market depends on many factors, including even public sentiment.

History of NFT Art

Although NFT Art has only become popular in recent years, the history of the phenomenon dates back to the early days of blockchain technology. The first attempts at creating NFT were quite tentative, but as the technology developed and its potential was understood, NFT Art began to attract more and more attention.

The first known NFT, “Quantum” created by Kevin Abosch, appeared in 2014. However, it was 2017 that is considered the breakthrough year for NFT Art, when CryptoKitties – a collectible game based on blockchain – gained popularity. Players could collect and trade virtual kitties, which were represented by non-exchangeable tokens.

In the years that followed, NFT Art grew in popularity, with artists and collectors being offered new ways to use blockchain technology. Works by many well-known artists, such as Beeple, were sold for tens of millions of dollars at NFT auctions. This event brought worldwide attention to this new area in digital art.

Advantages of NFT Art

  1. Digital art very often costs less than traditional art. With traditional art you need expensive materials: paints, brushes or canvases. With digital art, you need Photoshop.
  2. NFT Art is a new way of generating passive income. You can set yourself a percentage of the sale of a particular work or ‘cash in’ on royalties.
  3. Less risk of damage. Images can get dirty or even torn. With digital graphics, there are no such dangers.
  4. The cost of joining the NFTmarket has a lower entry threshold than traditional art sales.

Disadvantages of NFT Art

  1. Instability. The value of digital art is influenced by many factors, such as public opinion and social media trends. The return on your investment can therefore take time.
  2. The amount of energy that is needed to operate blockchain transactions can be considerable. Then there is the gas fee, which is often also high.
  3. NFT is not regulated by law. The NFT that represents the work in question is not necessarily a property right to it.
  4. Many pieces of the NFT have been stolen, leading to many complaints related to this market.

Examples of NFT Art

“Everydays: The First 5000 Days” – Beeple

The artwork Everydays: the First 5000 Days by Mike Winklevoss, known as Beeple, has become one of the most expensive digital artworks in the history of the NFT market. Sold at auction at Christie’s art house for around $69.3 million, the work consists of 5,000 different images that the author created every day for 13 years.

“CryptoKitties” – Dapper Labs

CryptoKitties, a collectible game, was one of the first known uses of NFTs in digital art. Players could breed, collect and trade virtual cats, and each cat was a unique NFT. The game became hugely popular and brought NFT into the mainstream world.

“The First Twitter Tweet” – Jack Dorsey

Jack Dorsey, co-founder of Twitter, sold his first tweet for $2.9 million. Under the post NFT, of course. This 2006 tweet has been hailed as a historic moment in social media history.


NFT Art has brought a revolution to the digital art world. It has allowed artists to sell their artworks directly without intermediaries and collectors to have full control over their acquisitions. However, this technology also faces criticism because of its impact on the art industry and ethical issues.

Whether you are a supporter or critic of NFT Art, there is no doubt that it has ushered in a new chapter in the history of digital art and gives artists and collectors a whole new opportunity to create and sell their work.

Complete today’s lesson!

  1. What is an NFT token?
  2. Blockchain and NFT games – how to make money from them?
  3. CryptoPunks – the story of the most popular NFT collection in the crypto industry!
  4. The 10 most expensive non-fungible tokens (NFTs) ever!
  5. Azuki NFT collection guide: everything you need to know about it!