What Is Digital Art With Respect To NFT?

 

So Guys Digital art is a common use case for NFTs.  High-profile auctions of digital art as NFTs have received considerable public attention, with the work "Merge" by artist Pak being the most expensive NFT with a a price of $91.8 million dollars and Every days: the First 5000 Days, by artist Mike Winkelmann (known professionally as Beeple), the second most expensive auction at US$69.3 million in 2021.


Some NFT collections, including Ether Rocks and Crypto Punks 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 as a way to transfer a physical work of art to the NFT space.


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