You height is taking the art world by storm. Some individuals are now earning tens of millions for their digital works of art. Or thanks to whats known as an f t s, none fungible tokens. But what exactly . All of a n f t, a digital ownership documents. Its kind of like a container for a value on of auction in recent years. And if teas have become the new toys of mostly young art collectors. With bulging Crypto Wallets, we visited one of the worlds Biggest International office and spoke to some of the pioneers of n, if to yacht. I think that everyone in the art world is going to be accepting crypto currency very soon and others for the 1st time in history, artists are actually making money. And as i, in this real and the actual world swimming in crypto cash. And if t artists are the new profiteers, obviously when you get something of this amount of value far its challenging to the existing power structures per person. Money is a representation of our prime lobbies and god who are the new war halls. The new bosky us will soon find out at home. It is a fairy tale. Well, too good to be true. A dangerous pyramid scheme or a sign of change with an impact that goes beyond object. So if you ask me why and if ts are important right now, why and if the artisan for right now it is the genesis the beginning of a new civilization. Ah, welcome to the weird and Wonderful World of nf teeth, ah once a year, the u. S. Date of florida hosts a Major International art fair, wealthy collectors from all over the world come to the miami beach, offshoot of a swiss art fare to buy works and check out the latest trends. Sculptures and paintings take center stage of course, but this year theres something new vying for the visitors, attention, digital art sold with nf ts. The accompanying hype is generating plenty of interest and attracting a different kind of ground. Yeah, it is for a beautiful with vote for me, im running her tears of his i have this tattoo and if t is am, its a Digital Certificate of authenticity. Sits on a smart contract which piggybacks on in the fury crypto currency. But m if t ism is all these people here are better listening for care. This is a police are made all crypto artists union. Imagine if andy warhol was alive today, he would have been the most proactive employer. This is a sculpture, a sculpture of andy warhol that originated through a computer file that i made an a video and an an animation, but its also an object. So digital art has many different lives that can exist as a painting that can exist as a sculpture. As a photograph is a hologram, and of teas and Digital Technology is not tomorrow, its here. Its here today. Its in the fair, like, snuck into the basel are fair. You could almost see like a divide. You see the traditional, our world, and you see the digital world. Its a tool. Its enabled artists to sell their work by themselves without relying on external gatekeepers, which has never existed in history before. This is breaking down the hierarchies of these galleries, creating opportunities for people, inspiring people, and telling people, instead of always saying you can come to this gallery, you cant buy something, looking people up and down, and pigeon holing people, and categorizing people. This is the opposite of that. So visitors still finding their way in the well, the digital art, an installation by the block Chain SoftwareCompany Tells us, allows visitors to make their own an f t, in a process called minting. They become part of an algorithmic image in a work by artist mario cleveland. The minted and f t is unsafe digitally in whats known as a Crypto Wallet to look like my mom, your i was a look like this makes them the owner of the image. One, they are free to settle trade. I think this is just like my mom. Oh my god. Now and you had now meant it in and ive seen this, youre personally. Yeah, youre gonna click on that. And i will note in about 5 minutes now cuz it matches by your personal and up to you that you just created. Utilizing mario payments algorithm utilizing a signal are excellent, we only have and why does it look like a small child, a shift . Oh, so its actually on when you stand there and scanned the q r code ah, its his digital arts and yeah, i specialize in ai. So hes created an algorithm that it will use elements of you and it will incorporate elements of you within the piece. So youre smiling if youre moving, so thats just what it elicited. What were the smaller ways that you guys and i point 100 . How long are you there for . I dont know. My callback time. 70 hours feather is on. We meet dutch artist ralph now to from studio drift. His 1st n f t was sold even before the art fair opened and has already been taken down. I dont think many people can say that he still trying to get his head around whats happened as an a lash outflow. So i have been thats we just sold our work. Our 1st and f t was a, is a collaboration between don diablo and drift. So were thrilled, im into garcia blaming the f said, who bought the wack, the eyes of his arm, lar and our collector who knows don and has bought his work before. And after that he hadnt seen the work beforehand. I dont, thats very typical for an f ts. He bought it for his collection score for samples. Arming is either, sir, and if to here you can see the mended, and f t will stab estelle. So cal, marked i, our solar system made a box of her complex. He died from when we reduced the complexity of our solar system to a human scale that we can understand and are we not as if it refers to the way people construct systems to understand and classify everything vibrant, diblasio is visible, so this is the method artwork that go, but the buyer also gets a physical piece and the fatal fit called a fidgety. The, she adds a physical cube that emanates light takes, or its placed in an augmented reality with a digital solar system of block forms revolving around it and look for how much does it go so and hell kick them over the place at display. Its so weird to talk about prices as an artist. Unity is, but in the n f t community its normal, is that every ones very open about it . From ag maam, that never happened in the circles. I used to move in with her. It was sold for 550000. 00 or anything over 500000. 00 goes directly to an organization in africa that aims to plant trees across the continent. This were a pace for 360 hector in africa. I did very well. I was then important to you have dish and f t harm the environment and it is. Thank god, its important to send a message and folks we can do something in return with the money we. Ernie shannon millikan reached, took dont react when you get paid in the visit dollars. And the lars a co, i prefer getting the ether ether. Oh yeah, definitely of course taylor i once on that thats the whole point. Well, it isnt deacon, this is a Disruptive New Technology that breaks away from the old financial system. Shayla. She stain door, blake, so it offers opportunities for restructuring. Thank a to in, on being at the hash. I want to be part of that olivia 40. 00. Thats the old world phone just i wheeled. Mm. Senate dutchman dont. I am. No. Is one of the highest paid and its t artists on the candidate venue her. Im currently finishing a new and f t a for the new. And if the im writing music for it together with drift, its an audio visual artwork and image and sound, a field i class and the big right now im fine tuning the final details and sound effects slides. In the end, well have one not work about 2 minutes long, and you and se to those little in a new entity. Ah, ah, it like you now create anything i want visual he as well as physically and audio wise also i can build a whole new world from a corner and then ill figure out how to present it visually on it is, are we a fee . So its not just a loop on a phone, but something you really feel as though estess where you thought nicholas is the i can sell an entity, digitally. It of some great, like really look good, but i also want to see it and feel it. Now sheet, so would have my cell a digital i work as an f t on the block chain, and then i put it on a cartridge that you can hold in your hand, go fast, our. It feels like an old school game. Our game shook my, thats old school gaming. Cool. You plug it into a drive here on the side i called and on before hers her card ethnic and then your digital file begins to show itself in the physical world. She could feel like thats my 1st work, that the one that gave me my breakthrough may have been doth walker, but it is, and its an Infinity Loop that goes on forever over the rest of your life is open black. Thats an important aspect of nf ts that with the perfect loop. So you cant see where it begins, arise to for hug, like i wanted my art to make a statement about the transient and disposable side of culture or especially music and images. Oh, that was the focus of my 2nd dentist. He all vill america fall within the state of it. On the votes. Measure people watch things and listen to music for a few euros a month for streaming, watching, downloading, hottest to the value of creating this kind of gone this to via phone at care of when its activated. And for my most useful, im always performing somewhere and they give the live stream away for free apps. Verify the whoa, whoa, watches what i do with that pain. I will stop doing what if i turn it around . I making a one hour film that contains every creative idea i want to share by all what would be the value of a film like that cried whatll divide it up with the moment that once youve established that value, people start thinking differently about over at india they have a greater appreciation of the work that ive otherwise always given a while for free. I satisfy the moment bidick the highest. Im currently the highest averaging artist in the n f t space to come at least on the average price of my work host with an ogre consign vehicles. My 1st work sold for about a 120. 00 theory, which was amazing those hill mobiles. I went to my moms for the auction logic now my mother, she wasnt really paying attention because she didnt really understand it at that point for me. But i wanted to be in my moms house because thats where i 1st started writing music. And i wanted to come full circle in chic marker and full of my own full circle. And when the auction missouri is that the price was a 120. 00 ethan etha was abbreviated to a small lane and my mother spoke the legendary woods. Wow 120 years later, she was so happy and so proud of me. You sold your 1st work for a 12120 euros a on the 10th. I said to her mom, mom anita, is worth about 2500. 00 at the moment in the old. He did the math in her head a 120 times, 2500 and quite a bit more than 120 years. And so to me, its not like being respected as an artist, because the 1st time it was a really special moment to share with my mother momento, to kill affordable dana. What a meg is. Not just dispos my culture. Its odd that vehicle to this oak grants, ah, miami wants to become the crypto capital of the world. The mayor has asked to be paid in bitcoin, and he wants residence to be able to pay their local taxes with crypto currencies as well. A lot of the young crowd at the aunt fat acquired their wealth by playing the markets in bitcoin and other digital currencies. We speak to crypto investor an n f t artist christa kim. She calls herself a futurist but draws her inspiration from various genres of art history. I love roscoe, hes incredible artist that really sort of broke convention. She was a rebel and he was able to completely redefine beauty, redefined the standards of what art is. It could be anything, it could be a feeling doesnt have to be something literary. It could be non conformist, it could be more free. And then of course, theres james corral was like a rock star to me. You know, using light light as a medium in itself. Truly an inspiration for me. I used to paint i entered a masters, a Fine Art Program and singapore. And it was then were i felt that it was redundant for me to pursue painting as a medium because i was so addicted to my phone. I thought, well, if im feeling it on an individual level than that means billions of people around the world are also feeling it. And then i started thinking while i need to create arch, that is a communicating to people through digital. So what i wanted to do is i wanted to create zen consciousness in the digital medium. So i could bring sand into the 21st century beyond, within my work. So my work became healing mechanism for me. So when i create the work, it makes me feel good. Weve a physiological response to the color and light of the screen. Right, so the screen i realized can be repurposed and technology can be repurposed for well being. And for she, mandy, during the high, did the coven crisis . I was daydreaming about my dream home. I was like stuck in my condo in toronto. Every one was locked down globally. I think everyone can relate, that you start to imagine a better place to be. So i actually designed the mars house during that period. And then knowing that i can experience this house in v r, that i can have people join me and experience it together. This was an exciting journey for me. It was, i bought my art on internet who is a very well known collector in the space and i she, she bought it for 512000. You us 288 over in march. And it was a record at the time. Every major news outlets picked up the story cuz people had to know, why are people paying more for digital house than that wheelhouse . Mm. Mm. Because like andy warhol. Yes, i dont. I dont any war horn . Of course. You know, boss. Yeah. Best friends. I some of any war someone is the one that i really liked the site marilyn monroe. Mm hm. If you saw the one of the monies are you here to buy . So if we see something we like most definitely im, im interested in a couple of different pieces. Alba and if these im not very experienced in, at these im, im not a fan of video tunes, right . When it is, this is the piece that i dont give i, we could take if we could take a picture e bay. So my understanding if t, theres like the authenticity factor thats associated with the co. But it doesnt mean that everyone else can have the same picture. How much, how valuable is it to me to say that i have the authentic piece to pay x amount for something that everyone else would now what you still have . Oh, were talking about like a bio that we put on objects in general, right . Whether youre buying a louie baton, sir, or where are you buying a coat shirt or were you buying a Dollar General the hangs teacher, right. Is the value that we say that its work thats worth of money really comes in from the authentication . No different, they like baseball cards and you know, memorabilia worst dislike, you know . Okay, is this authentic barry bonds signature or is this something that someone just made and wrote, you know, and, and so when you get to the authentication, thats where everything changes. Is that the authenticity is written both anymore. These checking quo the see if this digital representation is the authors lawyers. Anyway, for the so many, some aunt collectors have nagging questions about the digital proof of ownership. Not surprisingly, and if tease of the hottest topic at the fam, historically, i think isnt a culture. And technology is probably of the stage where the internet was in 95. 00. And a 95 there was no who will not amazon no smartphone. And it was a time of extreme experimentation. And i, i feel the spirit is in the end, no one does not, not a standard way to deal with it. You know, the up un, if hes there. And if hes who have also physical address connected to them in dutch digital artist and f t pioneer hom benton dopa, is asked to explain this brave new well to aunt fair guests. I was really surprised because i had been at the started for school for quite a while and hadnt really been successful in making money with that. And then basically this year we woke up one day and look on the internet and is like, oh, the whole world gets it now. And, and this was actually really annoying because i was like, why didnt you get it earlier . And also, why are these incredibly ugly and of teas being sold for so much money thanks to his background in i t hum, understands the Technology Behind and if teas better than most or theres a lot of new, its all very new. Im looking for getting things off and dont work properly when were gonna fill out. It Needs Development to make it more accessible for a wide audience to lots of people are going to visit the whole thing. Still very risky. And look, if you lose the key to your wallet, then you lose your money. Felt home, theres no bank you can call for help or if to fix it, i come, i love. Bah, the composer and when i listen to him last, i sometimes burst into tears with its so beautiful. Its an abstract beauty and hide it. Been. Im an artist good. Ive always made digital art and it was always hard to sell dollars underneath difficult. It was unclear what people were buying. Because digital art can be copied only to dish delicate. There is no original dont computer, which then in the year 2015, i learned about block chain technology. When we cannot arguments look changed at milwaukee. The anesthesia, the nf keys i made use the internal logic of the block chain itself as a kind of input for a visual program that generates an image. My in building a 2 dimensional layered and colored composition cleared quite modernist, artificial. Im a typical dutch artist minute dixon aiden should consume. What doth was all dead morlock only digital art was never appreciated at the same level as painting or sculpture on the door. Thats because peoples desire to possess an object is inextricably linked to its the scarcity of myths far so to markham and dark or gandhi good. So digital art has never had an especially good reputation that holds it for how formed the guns was heathen. His work in and out was high in all modesty licked off of my dish. I think my digital art could also be interesting in relation to all images made of form. Here the whole martin. Oh oh, oh cup i do see fl marked once a present. I made an addition of 512 tokens annually. It was dropped in july, which means that he can buy it online and i sold out in 2 and a half hours. Which was weird because there was no preview or official openings about it was just me and my student, elaine stew jojo, and the money started pouring in, thinking like a jack out in. It was surreal. Ulysses though that the whole n f t hype were experiencing now confirms to me that in hindsight, all the, all those years of being a nerd, were pretty cool that with noonish coolers. Also news in the financial heart of miami christies. Auction house is organized, an exhibition of n f ts artist christa kim is accompanied by veritas, kemi, he buys nf ts. For the wealthy Indian Crypto king meta coven. Ah, are you brother purple with all my god