NFTs give artists and creators a presence like never before. On blockchain technology they have risen in popularity to 40,000 buyers per month with a turnover weekly of $20 million.
The top sales include CryptoPunks, Human One, Bored Apes as well as games and communities that have developed from them.
NFTs are digital assets that cannot be duplicated. They have individually verifiable ownership that is recorded on the blockchain.
Although NFTs are generally understood to be 2D artworks, 3D worlds or metaverses have been created where NFTs can be bought and sold directly in an interactive space. This gives businesses and creatives a global outlet to have their brand displayed on the blockchain.