Name: NFTs, the metaverse and the future of digital art
Uploaded: 2022-04-05T15:34:27Z
Duration: 11 min 15 s
Description: In need of a brief yet illuminating lesson on the obsession with NFTs? Elizabeth Strickler breaks down the acronym and explains the fundamentals of non-fungible tokens, sharing how these digital assets are changing the landscape for artists and content creators looking to cash in on their creations -- in and out of the metaverse.

In need of a brief yet illuminating lesson on the obsession with NFTs? Elizabeth Strickler breaks down the acronym and explains the fundamentals of non-fungible tokens, sharing how these digital assets are changing the landscape for artists and content creators looking to cash in on their creations -- in and out of the metaverse.

NFTs, the metaverse and the future of digital art

Digital art and assets are being transformed by NFTs, which prove ownership and uniqueness through blockchain technology. In 2021, a digital artwork sold for $69 million, highlighting the real value these virtual tokens can hold. NFTs are empowering artists to monetize their work directly, bypassing intermediaries and securing royalties. As more of life shifts into virtual worlds, these innovations are laying the foundation for a fairer, creator-driven digital economy.