Art, NFT’s and the Web 3 Space With Nanda Khiara

Crypto art is a blanket term coined to represent the fusion of art and blockchain technology. As a sub ecosystem within the world of cryptocurrencies, crypto art intends to preserve immutable versions of digital art such as music albums, paintings, awards and a wide range of memorabilia.

Crypto art is preserved on the blockchain in the form of nonfungible tokens, or NFTs, and are usually tied up with a monetary value. Just like traditional art forms, the value of crypto art or NFTs is heavily influenced by the credibility of the creator, the rarity of the art and its demand in the collector's market.

As a collectible, NFTs and similar forms of digital art are capable of being publicly verified for authenticity and change of ownership. This allows every piece of art to be verifiably unique and hold a corresponding monetary value.