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Showing posts from August, 2021

NFT's Long Story Short

If you are into cryptocurrencies. You'll probably already know what NFT's actually are. But if you are not, don't worry, we got your back 😄 Due to the development of fintech, programmers found a way to make transactions even more complicated! Hahaha.  As we already know, every genre of art, such as drawings, sculptures etc. can be sold for very low price, or even a very high price. That's because every single piece of art is unique (thanks to the artist, the date that the piece was created, the colors, the way of creation and many many more factors). Thus, selling a piece of art has not a certain price, but its price is defined firstly from the creator and then, from the supply and demand.  For example, let's say that an artist draws a painting and he sells it at an auction for 100$. The buyer arrives and he buys the painting. After 1 year, the artist becomes very famous because of his talent and his publlic visibility. Now there are hundreds of people who want to ...