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The practical applications of NFTs are numerous, but can they democratize art?

British rock band Muse’s upcoming new album will be released as a limited-edition NFT on the Polygon-powered platform Serenade.

https://cointelegraph.com/news/2021-ends-with-a-question-are-nfts-here-to-stay NFTs are the biggest disrupter in art this year, with artists minting, exhibiting and auctioning, and investors buying, selling and trading. On Nov. 14, Tezos-based nonfungible token (NFT) marketplace Hic Et Nunc — which in Latin means “here and now” — abruptly shut down. Artists became worried about their NFTs on exhibit at the Hermitage Museum’s first-ever NFT exhibition, “Ethereal Aether” (Nov. 10 to ...

https://cointelegraph.com/news/2021-ends-with-a-question-are-nfts-here-to-stay NFTs are the biggest disrupter in art this year, with artists minting, exhibiting and auctioning, and investors buying, selling and trading. On Nov. 14, Tezos-based nonfungible token (NFT) marketplace Hic Et Nunc — which in Latin means “here and now” — abruptly shut down. Artists became worried about their NFTs on exhibit at the Hermitage Museum’s first-ever NFT exhibition, “Ethereal Aether” (Nov. 10 to ...

Art is inevitably digitizing, and nonfungible tokens open up a lot of new opportunities for artists, museums, investors and even the environment.