No. That is the power of NFTs. The use of Blockchain technologies keeps track of ownership without limiting an artwork’s ability to freely circulate in the digital realm. We believe artists should be properly compensated for their work. With NFTs, Artists are empowered to sell digital artworks as unique objects, without limiting the ability for that artwork to move through networks. The secondary trading of digital art using NFTs makes things even more promising for Artists. As an artwork gains traction the original creator/collector can choose to resell it to another collector for a higher price. Our model is that every time an NFT is traded on Disrupt Art, the Artist makes a percentage of that sale. This opens up more opportunities for diverse Artists to receive the Equity they deserve.

When you buy an NFT, you receive a unique token representing the digital artwork. Ownership is then recorded. Owning the work doesn’t restrict how the work can be seen or shared; instead, it works more like an interactive trading card. NFTs can be distributed and traded among collectors, rising in value in the process. A buyer or collector has ownership of the NFT just as in the physical market. However, with the Disrupt Art platform, the Artist earns a percentage of every secondary sale. so every time the artwork sells the Artist receives payment.

NFTs are “Non-Fungible Tokens”, unique tokens backed by Blockchain technology. These tokens can represent a unique good or asset. Often they are called “crypto-collectibles”, because much like trading cards, NFTs can be bought and sold by collectors. NFTs also provide scarcity and demand which increases their value. The NFT Revolution has the potential to open up more opportunities for Equity with Diverse Creators.

From 2019 to 2020, the market capitalization of the NFT space rose 50% from $210 million to $315 million, with over $167.7 million worth of NFTs purchased up until January 2021. Robert Alice’s Block 21—an NFT work based on Blockchain technology—recently sold at a Christie’s Auction for 69 million dollars. Billions of transactions have occurred as of 2021 and even the NBA has gotten in on the action. This is just the beginning and Disrupt Art is making it easy to get started.