While non-fungible tokens (NFTs) have been around since the early days of cryptocurrency, they really started to explode in 2020. During this time, thousands of musicians and digital artists around the world discovered a new, innovative way to sell their creativity in the form of NFTs.
An NFT is a digital token based on cryptographic technology that represents a unique, one-of-a-kind work of art existing on the blockchain. Owning an NFT is just like owning a collectible item in the real world but instead of a physical item that can be held, an NFT is digital with its uniqueness verifiable via the blockchain.
When one buys an NFT, a ledger entry is created on the blockchain. In that entry, a file exists that identifies the true ownership of that NFT meaning it can never be altered or stolen. Just like if someone tries to duplicate Vincent van Gogh’s “Starry Night” masterpiece and fails to sell it since it’s not the original piece, those who copy an original NFT cannot sell it without the original file proving it’s the real collectible.
The main benefit of owning an NFT is that collectors get the chance to support their favorite artists directly while also enjoying full ownership of a digital asset that can never be replicated. With various NFT marketplaces popping up, it’s extremely easy to sell an NFT for financial gain depending on the supply and demand of the NFT. Hence, not only are collecting NFTs fun, but they could be potentially profitable as well..
Drifter’s Surf NFT gallery has some of the most iconic items and events in surfing’s storied history. We’ve had some of these images on display at our physical store in Bali for years but now, we’ve decided to tokenize them and share them with the world. So if you want to know how to buy NFTs and own a part of the surfing legend, stay tuned. We will announce more details about the launch of the world’s first proper Surf NFT gallery.
For now, just kick back and relax. Take some time to learn more about NFTs or pop on over to our online store to check out our latest surf gear, travel accessories, and stylish outerwear for any adventure. We also now accept payments in cryptocurrency! So if you want to buy clothes with Bitcoin or a handful of other great cryptocurrencies, now you can at our online shop.