When we see the high prices some are paying for NFT art, we must assume more performances, and potentially, acts of protest, could circulate as NFTs.
NFTs don't even exist in the real world, but the market around them has a big effect on the planet.
NFTs are made the same way as crypto coins, but where every crypto coin is like every other, each NFT is a unique digital item – from images to sound files to text.
If you look at the reasons people buy art, almost none of them have to do with the physical work.
A blockchain company has bought a piece of Banksy artwork worth US$95,000 and burnt it.
The digital tokens are a way to create scarcity and an aura of authenticity in an online world of infinite copying, pasting and remixing.
To quote the artist: 'bruh... this crypto space seems super interesting though and i see a ton of potential to do some weird shit nobody has done yet.'