"Since the conception of art, many paintings, drawings, and sculptures have existed in the physical world. As technology has advanced, so have the ways for making and experiencing art. More and more artists are creating work digitally, and many of their pieces exist purely as pixels on a screen. However, just because we’re not able to hold these artworks in our hands, it doesn’t mean they’re less valuable. In fact, digital art is quickly becoming one of the most valuable art forms of our time. The art world is rapidly changing with the introduction of NFTs, or non-fungible tokens. In particular, 2021 has seen a spike in digital art sales, with many high-profile artists and brands exploring new ways of selling their work through blockchain technology.
Even centuries-old auction houses such as Sotheby’s and Christie’s see the value in crypto art. One of the first high-profile NFT art sales was auctioned at Christie’s when artist Beeple sold a digital collage for $69 million. And Sotheby’s recently launched Sotheby’s Metaverse, an online platform designed for digital art collectors to bid on a curated selection of NFTs.
As a year that's been huge for NFTs, especially in the art world, it's only natural to take a look back."
"John Orion Young is a 3D artist who sells animated characters and figurines as NFTs. One of his collections is a series of “Joy” characters that are “handmade in virtual reality.” Each collectible NFT looks like a surreal creature from another world and comes with a unique magical power. Young’s most recent NFT, titled The Persistence of Time, is a slug-like creature that is 'sliming through the cosmic verses on a thick slick of meta-melting-mucus.'"