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Will NFTs open up new opportunities for digital artists?

Auction house Christie’s New York recently sold a digital-only artwork by the artist known as Beeple for $69m (£50m).

The artwork was sold as a non-fungible-token (NFT) which uses blockchain technology to create a unique digital certificate which states who owns it.

It is part of a wider trend which has seen an animated Gif sold for more than $500,000, musician Grimes selling some of her digital art for more than $6m and even trading cards turning digital-only.

So could this approach help artists monetise their work?

BBC Click’s Lara Lewington reports.

See more at Click's website and @BBCClick

24 March 2021

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