Photographic Interpretations

  "Over the Edge" by Michael Barone It wasn't long ago that I wrote a long post about how the art world might change with the advent of the NFT market. Non-fungible tokens seemed like they could be another way for artists to get their art, not only out in the world but sold. Well, a recent article might have something else to say about that. "On May 3, the NFT market reached a peak with $102 million USD worth of Non-Fungible Tokens sold just that day. But looking at sales data from the last week of May, only $19.4 million USD in NFT sales was processed. Compared to the $170 million USD in NFTs transacted the week of the peak, the market saw a 90 percent drop. Although NFT collectibles like CryptoPunks and Hashmasks are still going strong, there looks to be a shift from crypto-art to “metaverse” NFTs. It is also important to note, the number of active NFT wallets has dropped from over 12,000 at each NFT category to just 3,900." So as it looks from the data, the a...

NFTs or  Non-Fungible Tokens have grabbed the attention of artists all over the world.  With the digital collage art selling at Christie's for $69 Million, artists are not starting to take notice of this interesting way to sell art. But what is a NFT?  And how do I get in on this? We all know a digital image can be copied, shared and duplicated over and over again. This is where NFTs have changed the digital art world. They allow you to create something that can't be duplicated, the actual ownership of the artwork. This is your digital signature or certificate of authenticity of your photo. NFTs allow you to create limited editions of your digital artwork, all while retaining the copyright. What makes them valuable is the ownership recorded on a blockchain. A block chain is a digital ledger similar to the networks that support cryptocurrency. Each NFT is unique and can't be duplicated. They are unique digital artworks no one else can own. Of course, people might have a co...