NFT Aesthetics continues “Net Aesthetics,” a series of panels presented by Rhizome that seeks to examine how the internet is reshaping contemporary art. Where prior panels (presented in 2006, 2008, and 2013) responded to developments such as blogs, social media, and postinternet art, this panel gathers artists to consider the implications of NFT marketplaces and platforms for artistic practice.
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$69 Million JPG File Is Bought in the Name of “NFT Mania” Every day for over a year, a Beeple illustration called “Everyday – The First 5000 Days” has taken the title for longest-running work.
How Non-Fungible Tokens Work (NFTs)
A digital asset that symbolizes real-world goods like art is an NFT (or Non-Fungible Token), and when you purchase an NFT, you get a digital file instead of the real thing. It holds an excess of data that places it above just currency and makes it viable for literally anything—different kinds of NFTs.
