If you have ever wondered what on earth non-fungible tokens are, there is an NFT created by multimedia artist Amrita Sethi that explains it.
Demand for digital signature-based collectible goods, which are stored in a digital format and known as NFTs, exploded in early 2021 when platforms enabled modern artists to list their work online and sell ownership rights.
United Arab Emirates-based Ms. Sethi, who used to work in the insurance and banking sectors and is now a full-time artist, unveiled her animated art piece called "What the NFT?!" on May 7 during an online auction. The work, which is in a 3D format, sold for $102,000.
To create the art, Ms. Sethi recorded herself explaining the history and evolution of the NFT space, which produced a visual waveform. She then turned each vertical line in the waveform into an individual image, such as a bitcoin logo. The artwork also featured Ms. Sethi's voice as she pronounced words such as "democracy" and "revolution," concepts that she said enabled the development of NFTs.
"This is the first time I have applied 3D visualization techniques to my voice note art concept. I believe this allows me to create dynamic art, while harnessing the creative advantages of NFT art," Ms. Sethi said in a news release.
In an emailed comment to P&I, Ms. Sethi said: "I wanted to build a bridge between the physical and virtual worlds. 'WTNFT?!' voice note art provides an explanation of the history and evolution of the NFT space especially to those who are new to the NFT space, while celebrating and honoring key pivotal and historical moments for those more familiar with the crypto world."