Why is everybody talking about NFTs?
The past 12 months has seen NFT talk literally break the internet. From TikTok and Twitter to CNN News, the trending topic has left millions wondering, what is it and how can it work for me?
Fear not, we have taken the time to break it down in layman’s terms, so you will be in the dark no longer.
What Does NFT Stand For?
NFT stands for ‘Non Fungible Token’. Anndddd what exactly does that mean, we hear you ask!?
We’ll try to make this nice and digestible…
A good example of a Fungible Token, is the process of swapping a $100 note for 5 x $20 notes. These equal to the same value. However, if that $100 note has been signed by Madonna for example, the value increases exponentially. This note then becomes a Non Fungible Token.
A Non Fungible Token cannot be swapped for any equivalent value. It also means that, like any investment, its value can increase or decrease in the future depending on the circumstances.
What Do NFTs Mean For Artists?
NFTS are important in many ways for creatives and artists. With the world becoming more and more digitised, this allows creatives to really own their art and seek the rewards.
The main benefit of using NFTs for artists are as such:
- True ownership of their digital art
- Generate income through royalties
- Scale and global reach
How Do I Create An NFT?
The first step to creating your very own Non Fungible Token is to of course, create the masterpiece, in all its glory.
Using a high quality drawing tablet, like the Wacom Cintiq Pro you can create directly on screen, with a natural pen experience. Watch your artwork come to life on a premium 4K screen, with world class colour performance.
Well known concept and character artist, Pablo Munoz uses the Cintiq 24 Pro to transform his artworks into digital assets. “The Wacom Cintiq 24″ pro is, by far, the piece of tech I rely on the most for any of my creative projects… At this point it is such an integral part of my process that it is hard to remember what it was like before I got my hands on a Cintiq”
“What I love about the Cintiq is that it gives me confidence to approach any type of work, whether it is a 3D project, an illustration or just teaching online. Here is a recent collection I released a few days ago: https://opensea.io/collection/rosetta-centurions.”