What Are NFTs and Why They Are Shaking Up the Art World? | Time

The digitization of art through NFTs, (non-fungible tokens), is a more recent concept. Anything can be transformed into one, an image, a video, a voice memo– even video game characters. This allows not only anything to be transformed into art, but the value of the art to sustain with global digital access. This type of digital art has also transformed the way we store art, easing the process of preservation and investment. Fine art itself as an investment requires proper storage and challenging, but with this evolution of art– from fine art to NFTs, the way we collect art has been changed, especially in the context of museums. In the future, will we be seeing museums showcasing virtual artwork, or even digital museums?

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