Posts with the tag « NFT » :

🔗 JR Has Created a New NFT Installation for a Great Pyramid of Giza Exhibition

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[img[https://news.artnet.com/app/news-upload/2021/10/photo-nft.cd1d99d3-1024x779.jpeg]]

For his Egypt installation, JR divided the work’s image file into 4,591 pieces, and determined that each individual piece will be collectible as an NFT. “Thanks to technology and NFTs, it is the first time that anyone can actually collect a piece of the public artwork,” the artist wrote on Instagram.

In general, NFTs are a scam and I hope my artist friends think hard before getting involved in it. What the artist is saying above is misleading, you don't own or collect any part of the original artwork. It is just a digital certificate of authenticity stored on the blockchain. The original artwork isn't stored on the blockchain and the jpeg image can …