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Saad Sheikh United Kingdom Digital Art3/28/2022 Saad Sheikh Nft expert in United Kingdom - The digital art collecting market experienced what may be a foundational moment when the meme Nyan Cat, the famous flying cat that leaves a trail of rainbows, was sold online for up to $580,000 worth of cryptocurrencies. This surprising record was possible thanks to the so-called Non-Fungible Tokens (NFTs), digital assets that are rapidly transforming the art market, allowing the revaluation of products or cultural goods that, until now, have circulated on the network in an unrestricted way. Its impact has been compared to a revolution or the Renaissance. How does that system work?
Saad Sheikh For centuries, human beings have collected artistic objects for their aesthetic, economic and emotional value. Collectors, traditionally aristocratic and wealthy, have acquired the works of artists such as Picasso, Van Gogh, Caravaggio or Banksy at astronomical prices. Their market value is very high because they are unique original pieces in the world. The exclusivity has promoted a sale that has spread to other artistic branches such as music, cinema or video games.
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