Investing in NFT Art? Know what is NFT and why it is a good idea to invest in NFTs
Art does not just give a new meaning to the space but is also an excellent investment. Original Paintings & NFTs are great ways of investing in art. With blockchain technology, the way we buy art is changing worldwide. NFT is a Non-Fungible Token which in simple words means Non-replaceable Token. This token gets saved on the blockchain forever.
Art can now be sold online in exchange for cryptocurrency.
The collectors get a cryptographic token that represents their ownership of art.This transaction gets saved permanently in public ledger.
Thus the entire transaction gets recorded permanently in the public ledger. Therefore buying and selling art becomes safe, secure, and transparent. The whole transaction gets recorded and saved forever as a smart contract. The contents of the buyer-seller agreement are inscribed directly into lines of code using blockchain technology.
According to the European Business review, Blockchain technology will fundamentally change how we live and work in the future. The Global Blockchain Market is expected to reach USD 34 billion by 2026, with a growth rate of 45%
The collectors who value the uniqueness of art pieces see great value in invest in NFTs. NFT market is here to see as it will completely change how we do online transactions.
Sweet Magnoliaa has launched the first series of Fine Art NFTs with an abstract series in Vibrant colors to address the issue of Global Warming
About Save The Coral Series
"Save The Corals" is a Limited Edition Series that highlights the beauty of endangered Coral Reefs due to the issue of Global Warming. This is an abstract series that depicts the beauty of Coral Reefs in abstract form and vibrant colors. Each photograph from this series takes its viewer deep under the Ocean, exploring the rich colors of this magical underwater world. The artist draws attention to the beautiful coral reefs endangered because of climate change's global warming effects through this series. This series highlights the issue of global warming, which is impacting the coral reefs. The bold, beautiful colors of the coral reef depicted in this series remind us of what we have and what we are losing. Through this series, the artist urges the viewers to Act Now upon the issue of Global Warming.