Crosscut Now
Apr. 6, 2021 - Seattle artists are making a mint with NFTs
4/6/2021 | 1m 15sVideo has Closed Captions
Seattle artists are selling digital art on the blockchain.
Seattle artists are making a mint with NFTs and crypto art.
Problems playing video? | Closed Captioning Feedback
Problems playing video? | Closed Captioning Feedback
Crosscut Now is a local public television program presented by Cascade PBS
Crosscut Now
Apr. 6, 2021 - Seattle artists are making a mint with NFTs
4/6/2021 | 1m 15sVideo has Closed Captions
Seattle artists are making a mint with NFTs and crypto art.
Problems playing video? | Closed Captioning Feedback
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Learn Moreabout PBS online sponsorship(reverent orchestral music) - I'm Starla Sampaco in the Crosscut KCTS 9 newsroom.
(soft ambient music) There's a growing trend of young Seattle artists selling their digital art on the blockchain.
These artists create pieces with digital brushes and 3-D sculpting tools and save them as GIFs, MP4s, or JPEGs.
Their work is then uploaded, purchased, collected, and traded online as NFTs, that stands for non-fungible tokens, through cryptocurrency.
An NFT is a digital certificate of authenticity.
What an NFT purchase gets you is not the artwork, but the proof of ownership.
It's like a deed, except instead of a paper bill of sale, it's recorded on the blockchain, which is best described as a giant virtual ledger that tracks how goods exchange hands.
You can compare it to a master recording of an MP3 file or a web domain many people visit but only one person owns.
I'm Starla Sampaco.
Find nonprofit Northwest news every day on crosscut.com.
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