There are currently three notable use cases of NFTs:

1. gaming
2. virtual land
3. collectibles
4. art

• the Sandbox is a metaverse built on the Ethereum blockchain, where players can build, own, and monetize their gaming experiences
• the SAND token is a fungible token that is used for value transfers as well as staking and governance
• the Sandbox offers an asset marketplace where NFTs are bought and sold for SAND
• another example is Axie Infinity with fungible token AXS

• Cryptovoxels and Decentraland are Ethereum blockchain metaverses where users can build, own, rent, and exchange virtual lands and other NFT items like digital wearables or game weapons and superpowers
• on a virtual land you can, for instance, build a digital art museum that displays your digital artworks (which are themselves NFTs)
• for instance, Momus Collection is a notable crypto art collection on Decentraland

Collectibles are collections of NFTs. Among the most popular, we have:

1. CryptoKitties is a blockchain game on Ethereum developed by Dapper Labs that allows players to purchase, collect, breed and sell virtual cats. It is one of the earliest attempts to deploy blockchain technology for recreation and leisure. The game’s popularity in December 2017 congested the Ethereum network, causing it to reach an all-time high in the number of transactions and slowing it down significantly
2. CryptoPunks is a NFT collection of punks on the Ethereum blockchain. The project was launched in June 2017 by the Larva Labs studio, inspired by the London punk scenes, the cyberpunk movement and electronic music artists Daft Punk. The project was an inspiration for the ERC-721 standard for NFTs and the modern crypto art movement
3. Autoglyphs, still by Larva Labs, is the first on-chain generative art on the Ethereum blockchain. They are a completely self-contained mechanism for the creation and ownership of an artwork
4. Bored Ape Yacht Club is a NFT collection of (bored) apes living on the Ethereum blockchain. Ownership grants access to members-only benefits, like a collaborative graffiti board

Blockchain technology, while commonly associated with cryptocurrencies, has a potential to bring radical structural change to the arts and creative industries.

Blockchain has core use cases in the arts including:

• provenance
• fractional ownership
• digital scarcity

There are already several notable examples of art using blockchain technology including the following:

• in 2018, the amount collected from the sale of the Barney A. Ebsworth collection at Christie’s was 318M$; the auction was held in partnership with the technology provider Artory using the blockchain to record information about the auction
• in 2018, the company Maecenas bought Andy Warhol’s 14 Electric Chairs and divided it up into shares sold as so-called ART tokens. The company raised 1.7M$ for 31.5% of the artwork at a valuation of 5.6M$
• Robert Alice’s Block 21 has been the first physical plus non-fungible token artwork sold at Christie’s in October 2020 through Async art gallery. Starting from an estimated valuation of 12,000$ - 18,000$, the artwork realised a price of 131,250$.
• EVERYDAYS: THE FIRST 5000 DAYS by digital artist Beeple (Mike Winkelmann) was the first NFT sold at Christie’s on March 2021 for the record-breaking amount of 69M$ through the crypto art gallery MakersPlace

Nothing happens by chance. Every phenomenon is the result of past movements, which meet as in a tectonic plate and generate sudden and violent earthquakes. The movements that have led to the birth of crypto art and NFTs are mainly four and have to do with art, politics, technology and economics.

Read more on Medium

1. Prepare a digital artwork (an image, a video or a sound), maximum 100MB of size
2. Open an account on Binance and go through the Know Your Customer (KYC) verification
3. Buy some Tezos (XTZ), the token of Tezos blockchain. You can use both credit card or bank transfer
4. Install kukai wallet for Tezos
5. Transfer some Tezos from Binance to your Tezos address
6. Open the kukai wallet and the Hic et Nunc (HEN) website on another tab
7. Sync HEN with kukai
8. Setup your profile on HEN
9. Click on OBJKT (mint) from the top-left menu and insert the metadata of your artwork
10. Approve the transaction on kukai
11. After the transaction is approved click on the artwork and make a swap (sell) if you want to put it on sale
12. Approve the transaction on kukai
13. Make a tweet promoting your new artwork!
14. Read more on Medium