BluChip NFT is a subsidiary of ArtCoinInt. And they are introducing an innovative platform that allows buyers to buy irreplaceable tokens, also known as NFTs, tied to original art paintings and sculptures.
On May 23, 2022, BluChip will host its first virtual NFT auction in the Coachella Valley of the Museum of Modern Art in Palm Desert. This BluChip NFT Auction / Sale is only available online. Have you heard of exchangeable NFTs?
Related: Coachella Music Festival Announces NFT Featuring Lifetime Pass
Digital tokens are exclusively associated with the auction item BluChip’s NFT, allowing you to exchange / exchange NFTs to receive real museum quality artwork.
First auction:
Andy Warhol / Robert Longo-Four Serigraphs ($ 100,000.00)
Keith Haring-Three Subway Drawings ($ 150,000.00 EA)
STIK-Love 143 ($ 200,000.00)
Second auction:
Joan Mitchell-Untitled Pastel ($ 150,000.00)
Bill Traylor-Rabbit Hunting ($ 350,000.00)
Gertrude Abercrombie-Moon Doors ($ 450,000.00)
Third auction:
Joan Miro-Dedicated work ($ 200,000.00)
Franz Kline-Collage (2) ($ 250,000.00 EA)
Rammellzee-Future Bot ($ 150,000.00)
After talking to Jame Fitzgerald on the CryptoFITZ podcast, he says, “The digital economy is the way to the future.”
For more information on cryptography and NFT spaces, please visit: CRYPTO FITZ In the podcast, you can learn more about the BluChip NFT from Jimi Fitz (the host of the radio show) and GThomas Kerr, president of ArtCoinInt.
For a full interview, keep an eye on News Channel 3 at 6pm.
Know first when the news breaks in the Coachella Valley. Download the News Channel 3 app here.
What is an NFT?Description of non-fungible token
(CNN)- Non-fungible token, or NFT, The latest cryptocurrency phenomenon that has become mainstream.And after Christie’s auction house sold the first ever NFT artwork, a collage of images by digital artist Beeple. What a $ 69.3 million —NFT suddenly caught the attention of the world.
So what is an NFT?
Simply put, NFTs transform digital artwork and other collectibles into unique verifiable assets that can be easily traded on the blockchain.
It may not be easy for beginners to understand, but for many artists, musicians, influencers, etc., there is a big reward, and investors are spending a lot of money to own an NFT version of digital images. increase.For example, Jack Dorsey’s first tweet is now $ 2.5 million bidLeBron James slam dunk video clip and 10-year-old “Nyan Cat” GIF, sold for over $ 200,000 Went for $ 600,000..
But NFTs aren’t entirely new. CryptoKitties, a digital trading game on the cryptocurrency platform Ethereum, Original NFTAllows you to buy and sell virtual cats that are unique and stored on the blockchain.
So why is the NFT phenomenon starting now?
“Part of that interest comes from people who enjoy supporting the work of independent creators by purchasing their work,” Artsy CEO Mike Steib told CNN Business. “Others are intrigued by the idea of acquiring a digital asset that anyone can copy and claiming its ownership. NFT’s recent headline price records will diversify Bitcoin holdings and more. It seems to have been driven primarily by billionaires and billionaires of newly created cryptocurrencies that are interested in the crypto ecosystem. “
Other things you need to know are:
What is an NFT?
Non-fungible tokens (NFTs) are part of the digital content linked to the blockchain and are the digital databases that underpin cryptocurrencies such as Bitcoin and Ethereum. Unlike NFTs, these assets are substitutable. That is, it can be exchanged or exchanged for another identical asset of the same value, such as a dollar bill.
NFTs, on the other hand, are unique and not interchangeable. That is, no two NFTs will be the same.
Think of a pair of Pokemon cards, rare coins, or a limited edition Jordan. NFTs create shortage among the assets that are otherwise endlessly available. There is even a certificate of authenticity to prove it. NFTs are typically used to buy and sell digital artwork and can take the form of GIFs, tweets, virtual trading cards, images of physical objects, video game skins, virtual real estate, and more.
How to buy NFT
Basically, any digital image can be purchased as an NFT. However, there are some things to consider when making a purchase, especially if you are a beginner. You need to decide on the marketplace to buy, the type of digital wallet you need to store it, and the type of cryptocurrency you need to complete the sale.
The most common NFT marketplaces include OpenSea, Mintable, Nifty Gateway and Rarible. There are also more specific types of NFT niche marketplaces, such as the NBA Top Shot. Basketball video highlights Or valuables for auctioning tweets such as Dorsey’s currently bidding.
However, please be careful about the price. Some markets charge a “gas” fee, which is the energy required to complete a transaction on the blockchain. Other fees may include the cost of converting dollars to Ethereum (the most commonly used currency for NFT purchases) and the cost of closing.
If you are interested and want to know more about what it’s like to buy an NFT, I went ahead and purchased.. (And yes, it’s a cat.)
How to sell NFTs?
NFTs are also sold in the market and the process is platform-specific. Basically, upload the content to the marketplace and then follow the instructions to convert it to an NFT. You can include details such as work descriptions and recommended prices. Most NFTs are purchased using Ethereum, but can also be purchased with other ERC-20 tokens such as WAX and Flow.
How to make an NFT?
Anyone can create an NFT. All you need is a digital wallet, a small purchase of Ethereum, and a connection to the NFT Marketplace where you can upload content and convert it to NFT or crypto art. It’s easy?
–CNN’s Oscar Holland and Rishi Iyengar contributed to this report.
