NFTs represent unique digital assets, verifying ownership and authenticity through blockchain technology. Digital Art and NFTs 1. Unique digital creations 2. Art, music, videos, and collectibles 3. Verifiable ownership 4. Decentralized storage Types of Digital Art NFTs 1. Graphic art 2. 3D modeling 3. Photography 4. Music and audio 5. Virtual reality experiences Popular NFT Marketplaces 1. OpenSea 2. Rarible 3. SuperRare 4. Nifty Gateway 5. Foundation NFT Creation and Minting 1. Choose blockchain platform (e.g., Ethereum, Flow) 2. Select NFT standard (e.g., ERC-721) 3. Create digital art 4. Mint NFT on marketplace or self-hosted platform NFT Ownership and Storage 1. Digital wallets (e.g., MetaMask) 2. Hardware wallets (e.g., Ledger) 3. Decentralized storage (e.g., IPFS) Benefits of NFTs 1. Ownership verification 2. Unique digital scarcity 3. Decentralized and transparent 4. New revenue streams for artists 5. Immersive experiences Challenges and Limitations 1. Scalability and gas fees 2. Regulatory uncertainty 3. Market volatility 4. Digital preservation 5. Accessibility and user experience Notable Digital Artists and NFT Sales 1. Beeple ($69 million sale) 2. Grimes ($6 million sale) 3. CryptoPunks ($1 million+ sales) 4. Digital art platforms (e.g., Art Blocks)