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What is NFT and the application of NFT in Iranian art?

nft in Iranian Art Holding

First let’s add some excitement to this article

A piece of digital artwork sold for $ 69.3 million at Christie’s auction.

The above effect «Every day: The first 5000 days (EVERYDAYS: THE FIRST 5000 DAYS) and was created by Beeple. This work contains 5,000 digital images and has been created over 13 years.

In the final moments of the online auction, the price went from $ 20 million to more than $ 50 million.

At 10:00 a.m., the bid for the artwork was $ 60.25 million, with the final price reaching $ 69,346,250 at the last minute of the auction.

This is the largest NFT sale, NFT or non-replaceable tokens are located on the Atrium blockchain and the digital ownership of these NFTs is registered on this blockchain.

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What is NFT in simple language?

NFT stands for “Indispensable Marker”.

This type of token is like a digital currency and bitcoin, except that as long as you can trade bitcoins and have more than one thing that represents real money with a different market value, each NFT is unique.

You have a sign that says you have something like a work of art and you can trade it, but if you do, you will get a completely different work.

Simply put yourself in the fact that a work of art can be created on screen, be it a phone, computer, tablet and so on. This artwork can then be viewed, taken on screen and downloaded by anyone online. But the deeper meaning of NFT art is the agreed value and ownership.

Even if one can view, download, print and close a digital work of art, only a handful of them can actually work on just that piece, so NFT is a type of digital asset that is registered in blockchain.

What is a blockchain?

Imagine an online office that keeps a public record of who owns what, such as the types of networks that form cryptocurrencies such as Bitcoin or Dogecoin.

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How to buy NFT for artist:

There are several markets where you can buy and sell NFT:

Nifty Gateway ، MakersPlace ، SuperRare ، OpenSea ، Decentraland و Rarible

There are only a few of these markets.

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How to make and sell NFT for an artist in Iran

You can build your own NFT component. Let’s say you have a painting you want to convert to NFT, or an art sculpture, or something like an exquisite art book, a digital artwork. This process varies from site to site, but can start on platforms like Nifty Gateway, where you can apply to create a project that sells as NFT in the market.

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Are NFTs just for the art world or do they have other uses?

While NFTs and digital collections have attracted more attention in the field of cryptocurrency, more developments and uses are expected in the coming months and years. Over time, NFTs may eventually find their way into various industries, including financial services and technology.

For example, financial documents, including invoices, purchase orders, and key information, can be converted to NFT to facilitate tasks such as procurement management for the financing chain. NFTs can also be used as insurance as well as securities.

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But the operational conclusion of this topic

But the operational conclusion of this topic of Iranian Art Holding with extensive research and establishing a relationship with two trusted galleries in the United States and South Africa has made it possible to register and receive NFT for interested artists.

Good news (click)

Through the NFT menu, you can share your purchase order, issue and even cooperation in NFT sales with Iranian Art Holding experts.

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