Why do people own art with NFT?

When digital artist Beeple sold an artwork "Everydays: the first 5,000 days" for $69 million in March 2021, many media outlets covered the event. Some were skeptical of the NFT phenomenon, while others saw new opportunities for creators, collectors and investors alike. There are thousands of other NFTs that have been sold for high sums, such as the Twitter founder's first tweet, digital monkeys and various kinds of digital trading cards.

The main reason why people own art with NFT

Is because technology has enabled ownership of digital assets. Because ownership can be recorded on the blockchain, it is possible to collect digital art in a similar way to physical art. The owner can invest, use and sell digital artworks just like physical artworks.

Accessibility is another reason why more and more people want to own art with NFT. Digital art is a very broad term that includes multi-million dollar works of art as well as collector's cards for a few dollars. In addition, digital artworks are just a few clicks away. In other words, digital art is accessible to a wider audience than most physical artworks. An example of the accessibility of NFTs is Benyamin Ahmed's collection "Weird whales". Benyamin is only 12 years old, but has made over 3.5 million dollars by creating and selling digital artworks featuring whales.