Crypto-art is digital art, which is valued like physical art because of the possibility of confirming ownership of it.

NFT – This is the kind of digital asset that represents something unique. The familiar tokens Bitcoin, Ethereum, Ripple and others belong to the class of fungible assets. In this, they are similar to traditional (fiat) money.

What is fungibility? You can exchange any banknote of 1,000 rubles to another banknote of the same denomination, and the value of your assets will not change. Likewise, any two bitcoins have the same value in the market and can be exchanged at the same time at the same rate to another currency, or the same goods and services can be obtained for them (in those countries where it is allowed).

An example of non-exchangeable real assets is real estate, art objects, or any other assets that cannot be exchanged for exactly the same ones with the same value. It is impossible to find two identical apartments located at the same address, on the same floor, with the same layout, area, and view from the window. Some characteristics will definitely be different.

All possible assets can be divided into: Interchangeable and Non-Interchangeable, and into Physical and Digital. Unique items in online video games, NFT certificates and crypto-art items themselves refer to Digital Non-exchangeable assets
A big and long-standing problem in the world of digital art is how easily it can be copied and distributed. Once something is copied and replicated for free, the value of that asset drops, and all perspective of the market disappears. For something to have value, it needs to be scarce.

Blockchain helps digital artists solve this problem by introducing the idea of “digital scarcity”: producing a limited number of copies of items and tying them to unique tokens that confirm ownership.

A token in this case is a digital certificate that is stored in a secure and decentralized database – a blockchain. It confirms your right to something unique. You can attach it to anything: JPEGs, GIFs, MP4s, even music. This token, proving ownership of the “original” file, is stored in the blockchain.

NFT is intellectual property, your right to which is publicly proven on the blockchain.

Everyone can download and share your picture, they can even print it out and hang it on their wall, but only you will own it. And only you, respectively, can sell the artwork.