A new trend in art – Non-Fungible Tokens

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We have talked about blockchain in our previous blog, if you haven’t read it, you can go through it first (Breaking Down Blockchain) and come back here. 

Non-fungible tokens are any form of a digital asset which can be a painting, digital art, game, gif, or video. It can also be a document that can be stored digitally on the internet. These tokens or digital entities are managed and circulated through blockchain. As blockchain comes with a package of properties like the impossibility of hacking the network, transparency of transactions, data security, and validation, these features are being effectively used to implement the Non-fungible tokens framework.

Non-fungible means anything which cannot be duplicated or interchangeable; token means a digital entity. The basic idea is to store the digital entity in the blockchain as a unique element that is owned by a unique person. These tokens are different from cryptocurrencies like bitcoin and ethereum. For instance, if you consider any two bitcoins in the blockchain, they are the same in a way that they have the same value in the market and they are identical but non-fungible tokens are different. Non-fungible tokens are always unique and are always owned by someone in the blockchain. Ethereum blockchain is used to implement non-fungible tokens making them more secure, transparent, and involving proper validation. In order to be a part of this technology, we should have a digital wallet – a wallet to store cryptos like bitcoin, Ethereum, etc. All transactions like buying, selling, transferring ownership, etc. are carried out through Ethereum cryptocurrency.



Open sea (https://opensea.io/) is one of the emerging platforms, which is providing service on non-fungible tokens. If you are a person who is artistic and likes collectibles then this platform could help you showcase your talent in digital art and can help you become successful as an artist. As digital art started to set a new trend in society, non-fungible tokens came into existence. Anyone can join the NFT community with a proper Ethereum wallet. All information related to the transaction will be stored in the Ethereum blockchain and also no two people can own a single digital asset.

So how can we make digital art?

Digital art is created using the power of modern computers. Different layers describing art is prepared initially, like multiple bits of a whole image are filtered out and they are separated into various layers, later these layers are merged with different permutations and combinations, generating 100 to 1000’s of art with each image being unique. This process can be achieved by making use of python and javascript. Pixel art is used here and artists try to generate as many images as possible and add them to the NFT network.

There is a great need for this network, as our world is turning digital, it becomes significant for us to understand and know about these kinds of technologies. As we know that any piece of paper cannot last forever but digital data can, we have to make proper use of it to store our digital assets securely on the internet.


By,

Nagaprasad V R







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