User:Connormem/Non-fungible token

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=== A non-fungible token (NFT) is a unique and non-interchangeable unit of data stored on a digital ledger (blockchain). NFTs can be associated with ===

=== -reproducible items such as photos, videos, audio, and other types of digital files as unique items (analogous to a certificate of authenticity), and use blockchain technology to give the NFT a public proof of ownership. Copies of the original file are not restricted to the owner of the NFT, and can be copied and shared like any file. The lack of interchangeability (fungibility) distinguishes NFTs from blockchain cryptocurrencies, such as Bitcoin. ===

Digital art
Digital art was an early use case for NFTs, because of the blockchain's ability to assure the unique signature and ownership of NFTs. The digital artwork entitled Everydays: the First 5000 Days, by artist Mike Winkelmann (known professionally as Beeple), sold for US$69.3 million in 2021. This was the third-highest auction price for a work by living artist, after works by Jeff Koons and David Hockney, respectively.

Another Beeple piece entitled Crossroad, a 10-second video showing animated pedestrians walking past a figure of Donald Trump, sold for US$6.6 million at Nifty Gateway in March 2021.

Curio Cards, a digital set of 30 unique cards considered to be the first NFT art collectibles on the Ethereum blockchain, sold for $1.2 million at Christie's Post-War to Present auction. The lot included the card "17b," a digital "misprint" (a series of which were made by mistake).

Some NFT collections are examples of generative art, where many different images can be created by assembling a selection of simple picture components in different combinations. In March 2021, the blockchain company Injective Protocol bought a $95,000 original screen print entitled "Morons (White)" from English graffiti artist Banksy, and filmed somebody burning it with a cigarette lighter, with the video being minted and sold as an NFT. The person who destroyed the artwork, who called themselves "Burnt Banksy", described the act was a way to transfer a physical work of art to the NFT space.

Stolen digital artworks are often fraudulently sold as NFTs. In their announcement of developing NFT support for the graphics editor Photoshop, Adobe has proposed creating an InterPlanetary File System database in order to better guarantee the proper attribution of NFT art.