{"id":14882,"date":"2021-04-19T12:37:51","date_gmt":"2021-04-19T10:37:51","guid":{"rendered":"https:\/\/magazine.swissinformatics.org\/the-art-of-the-blockchain\/"},"modified":"2022-07-28T00:11:48","modified_gmt":"2022-07-27T22:11:48","slug":"the-art-of-the-blockchain","status":"publish","type":"post","link":"https:\/\/magazine.swissinformatics.org\/it\/the-art-of-the-blockchain\/","title":{"rendered":"The Art of the Blockchain"},"content":{"rendered":"

The acronym NTF stands for non-fungible token is one that is crossing boundaries in the digital world. An NTF is a unit of data stored on a blockchain so that it certifies as unique and non-interchangeable\u00a0digital asset. Although, NFTs can be used to represent items such as photos, videos, audio and other types of digital files, it was its novel application in the digital arts and the resultant high-profile sales on cryptocurrency marketplace that have given acronym a headline status.<\/p>\n

In 2021 there has been increased interest in using NFTs and the market value fort hem tripled in 2020, reaching more than $250 million. The digital avatar “CryptoPunk #7804” was recently sold for US $7.5 million and the digital avatar “Ape, Fedora #6965” was for US$ 1.5 million. Specific token standards have been created to support various\u00a0blockchain\u00a0use-cases. These include the\u00a0Ethereum\u00a0ERC-721 standard\u00a0and the more recent ERC-1155 standard.\u00a0The the blockchain for open worlds FLOW and the\u00a0 Bitcoin fork Bitcoin Cash\u00a0blockchains support NFTs.<\/p>\n

NFTs are challenging the norms of contemporary art with an approach to creative expression that is entirely digital and certifiably unique. The phenomena is opening up new possibilities in\u00a0contemporary art. \u00a0The number if NFT marketplace sites are increasing and that ability to facilitate the transactions between all those interested in cryptoart and increases the potential in cryptoart in art industry for artists, buyers, and collectors. Clearly, NFTs are changing not only the way in which we perceive and consume arts today but are opening up the possibilities for culture and social interaction that are on the digital horizon.<\/p>\n

Links
\n<\/strong><\/p>\n

Non-Fungible Tokens (NFT): Beginner’s Guide, Melanie Kramer and Daniel Phillips
\nhttps:\/\/decrypt.co\/resources\/non-fungible-tokens-nfts-explained-guide-learn-blockchain<\/a><\/p>\n

Art\u2019s NFT Question: Next Frontier in Trading, or a New Form of Tulip?, Scott Reyburn
\nhttps:\/\/www.nytimes.com\/2021\/03\/30\/arts\/design\/nft-bubble.html<\/a><\/p>\n

Krypto-Kunst wird f\u00fcr Millionen verkauft, Sabrina Weiss
\nhttps:\/\/www.nzz.ch\/technologie\/hype-um-nft-digitale-kunst-zieht-eine-neue-art-von-kaeufern-an-ld.1610487?reduced=true<\/a><\/p>\n

Who are the CryptoPunks?, larvalabs
\nhttps:\/\/larvalabs.com\/cryptopunks<\/a><\/p>\n

What Critics Don\u2019t Understand About NFTs, Jonathan Zittrain and Will Marks
\nhttps:\/\/www.theatlantic.com\/ideas\/archive\/2021\/04\/nfts-show-value-owning-unownable\/618525\/<\/a><\/p>\n

Art and the Blockchain, Carolyn Edlund
\nhttps:\/\/www.artsyshark.com\/2021\/04\/14\/art-and-the-blockchain<\/a><\/p>\n

Niftygateway, the digital art auction platform for non-fungible token art.
\nhttps:\/\/niftygateway.com\/marketplace<\/a><\/p>\n

Non-Fungible Tokens: Auch in der Schweiz ein Big Business, Brigitte Ulmer
\nhttps:\/\/www.handelszeitung.ch\/panorama\/non-fungible-tokens-auch-in-der-schweiz-ein-big-business<\/a><\/p>\n

Hashmasks \u2013 wie Schweizer NFT-Pionieren der Durchbruch gelang, John Stanley Hunter
\nhttps:\/\/financefwd.com\/de\/hashmasks-nft-hype<\/a><\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The acronym NTF stands for non-fungible token is one that is crossing boundaries in the digital world. An NTF is a unit of data stored on a blockchain so that it certifies as unique and non-interchangeable\u00a0digital asset. Although, NFTs can be used to represent items such as photos, videos, audio and other types of digital […]<\/p>\n","protected":false},"author":1984,"featured_media":12390,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4268,461,469,4876],"tags":[],"yoast_head":"\nThe Art of the Blockchain - SI Digital Magazine<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/magazine.swissinformatics.org\/it\/the-art-of-the-blockchain\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Art of the Blockchain - SI Digital Magazine\" \/>\n<meta property=\"og:description\" content=\"The acronym NTF stands for non-fungible token is one that is crossing boundaries in the digital world. 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