![]() For instance, my company seeks to protect the rights of artists and ensure that the value of NFTs is not compromised once a transaction has occurred.Īs we currently sit in a global pandemic and face-to-face interaction is substantially minimized, it is even more important to gain trust across all areas by being more virtually present through social media, video links and other technological advancements that have made relationships easier to maintain. Just like any new venture, each side has objectives that must be met, and as legal experts debate how to handle this new market, auction houses and art galleries can find the best approach to satisfying both sides of this emerging landscape. The task for those in the art industry in this new arena is complicated and vast. For art companies, respect the relationship between artists and buyers.Once you get involved in the process, explore how NFTs function and disseminate to others that might be new to the arena. You can view your NFTs in your wallet or on a marketplace. Once you have access, there are a few avenues to collecting NFTs that include acquisitions from playing a game, purchasing them on a marketplace or having an NFT traded to you by others. You can create a cloud account by using a username and password. First, you'll learn more effectively by literally throwing yourself into the realm and acquiring some. I am often asked how to go about getting involved in NFTs, and the process is fairly easy. For those looking to buy NFTs, the best way to learn is to just do it. ![]() The records that artists are breaking through NFTs continue to dominate the news as of late, and Beeple is just one example of a growing trend of emerging artists that are using this avenue to reach an entire new coterie of art connoisseurs. Recently, the artist Beeple also shook up the art industry by setting a record at Christie’s for $69 million, positioning him in the top three of current most valuable living artists worldwide. NBA Top Shot is the latest in NFT news, allowing users to trade virtual clips of some of the league’s biggest stars. For example, the NBA is capitalizing on NFTs in a major way.
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