20/05/2022 What is an NFT? Experts explain what 'non-fungible token' actually means

Learn what a non-fungible token is in "NFTs: Enter the Metaverse"

You've got questions. We've got answers. So, what exactly is an NFT?

"'NFT' stands for non-fungible token," explainsGary Vaynerchuck,an entrepreneur and CEO otherwise known in the NFT community and by his fans asGary Vee. "When people say, 'Well, what does that mean?' I think the thing I always go to with is it's actually owning something in a digital environment."

Kelly Crow, a Wall Street Journal Art Market Reporter further explains, "In the simplest forms, it's proof that you own a thing. This proof doesn't come in the form of a paper contract that you keep in an archive or that your lawyer hangs on to. It's something that you own digitally."

Want to learn more about NFTs and the people who make, buy, and sell them? Watch "NFTs: Enter the Metaverse" at 8pm ET/5pm PST May 21st on ABC featuringParis Hilton,Gary Vaynerchuck,Beeple,Mark Cuban,3lau,Steve Aoki,Rebecca Jarvisand more.

Arts

https://abc7.com/what-is-an-nft-does-mean-non-fungible-token-meaning/11841735/

Interesting NFTs
Faceplant
Facebook logo factory. 3D animation, 10-second loop, 30 fps. Created using Cinema4D, X-Particles, TurbulenceFD, Octane, and After Effects. Originally posted on TikTok (@jigpx) on 1/4/21. 38.7m+ views, 2.1m+ likes (as of 4/22/21).
Various people climbing the mountain, from the series Thirty-six Views of Mt. Fuji
Katsushika Hokusai (1760-1849) Various people climbing the mountain, from the series Thirty-six Views of Mt. Fuji 1833 - Japan
CryptoPunk #6275
The CryptoPunks are 10,000 uniquely generated characters. No two are exactly alike, and each one of them can be officially owned by a single person on the Ethereum blockchain. Originally, they could be claimed for free by anybody with an Ethereum wallet, but all 10,000 were quickly claimed. Now they must be purchased from someone via the marketplace that's also embedded in the blockchain.
Genesis
José Delbo sent me his striking pencil sketch and powerful inked work, which I then interpreted in oil on canvas. I wanted to create a very painterly piece with obvious brush marks etc, but I was also aiming for a nostalgic feel, a kind of 1980’s superhero comic book look, the kind I grew up with. My goal with this animation was to try to recreate, in part, the creative process that both artists went through with the visual information I had. I was able to showcase my painting process more accurately as I could take photographs of my progress throughout. Consecutive images could then be layered like brush strokes over José’s drawing to create the impression that this was one continuous artwork from pencil, to ink, to completed painting. The representation of the line sketch at the beginning, then pencil/ink and lastly the paint layers being applied demonstrate both artists’ struggle for the right lines, tone, form, and colour until the work is finally completed. As the oil was still wet with each photograph the glare of my studio lights can be seen in the brush strokes. Eventually, the figure emerges and as it does, our hero comes to life, looking directly at the viewer -- but is he grimacing in approval or disgust? We will never know for sure as just before he can say anything, white paint is brushed across the canvas entirely and the process begins again. Only the bat is quick enough to escape.
¿Cómo Respirar?
IX SHELLS (B. 1990) ¿Cómo Respirar? visual programming, born-digital, procedural audiovisuals made with GLSL in TouchDesigner 00:00:12 seconds (1350 x 1080 pixels) Executed in 2021. This work is unique and is accompanied by a non-fungible token. Please note this lot is the property of a private individual.