Nft collections

NFT stands for Non Fungible Token, this means that it’s unique and cannot be replaced with something else. An NFT is a digital file with a distinctive fingerprint that protects it from being copied, counterfeited or stolen. Most NFTs are part of the Ethereum or the Tezos blockchains. Both Ethereum (ETH) and Tezos (XTZ) are cryptocurrencies, like Bitcoin, but their blockchains also supports these NFTs, which store extra information that makes them work differently from an actual ETH or XTZ coin. Say, by having the capability of holding a contract or an original piece of art.

When you buy your favorite artists work as an NFT, you are investing in them like you're buying stocks in a company, hoping their work will rise and in turn your art will appreciate in value.

Technically, any digital file from the Internet can be downloaded and copied (even for free) as many times as you want, including the art that comes with an NFT. But NFTs are designed to give you something extra that can’t never be copied: the proof of ownership of an artwork (while the artist can still retain the copyright and reproduction rights, just as it happens with physical artworks).