NFTs are the buzz of Miami Art Week. So what are they?

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Miami – Among the large exhibitions and events scattered around the city for Miami Art Week, some artists want new forms of digital expression to continue to grow with popularity and enthusiasm — NFT.

NFTs, or non-fungible tokens, are part of the digital content built and managed on the blockchain. This is a digital system used by Bitcoin and other cryptocurrencies to track transactions and ownership.

“All digital art and digital music can have a fully certified and collectable limited edition version,” said Lin Dai, CEO of OneOf, an NFT platform for music.

Each NFT is completely unique and original. That is, the two are not the same. NFTs can be created from anything from music to drawing to video highlights.

“It’s very likely,” said Salah Zalatimo, CEO of Voice, an NFT platform. “I think the introduction of NFTs in society and the Internet could really change everything.”

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NFTs are already widespread in other ways. For example, the NBA has entered the field with the NBA Topshot, a marketplace where fans can buy, exchange, or sell officially licensed video highlights.

It is also offered by AMC Theaters and Sony Pictures, the world’s largest theater chains. Limited Edition NFT To customers who have purchased advance tickets for the screening of “Spider-Man: No Way Home”.

This flexibility in both access and purchase capabilities is what artists and executives across multiple sectors of the business believe will maintain NFTs for the foreseeable future.

“It’s a future where the world of URLs and IRLs meet,” said Cherise Gray, an artist also known as UNIIQU3.

That explosive ambition is struck by the true excitement of artists like Gray and Shan Vincent De Paul. They say that if you have the opportunity to turn your work into an NFT and profit from sales, you can manage your work more creatively and financially.

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“This is a complete change in art, culture and innovation, and how far can we achieve this,” said Vincent de Paul.

“Music, art, that’s all about all forms of NFT,” Gray emphasized.

What’s more, Miami’s charm and its Monica as a “magic city” provide these artists with unparalleled energy anywhere else.

“We feel like we’re at the epicenter that changes the way we look at art … and places like Miami are at the forefront,” said Vincent de Paul.

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