NFT Art and Israeli Art Gallery in Jerusalem

NFT Art and Israeli Art Gallery in Jerusalem

Description: Platforms pop up every day and Israel is becoming a forerunner for NFT art in Israeli virtual galleries. Even Jerusalem is on board and Jerusalem art galleries will surely embrace this new technology, with the promise of great opportunity for Israeli artists.

The latest rage and craze that has the world all abuzz is NFTs. An NFT is a non-fungible token minted on a particular platform with a smart contract that will prevent it from being usurped or altered in any way. The token creator and buyer must both have electronic wallets with cryptocurrency, in order to trade. Being that the post-COVID 19 mentality is to broaden horizons but maintain safe distances, for this reason, while people might hesitate to fly to Israeli art galleries and see and buy works firsthand, they can buy any token they want with no need for hand sanitizer gel or measuring distance between people. Jerusalem, which is already a conservative society, can be even more modest and distant. On the other side of the coin, or cryptocurrency as it might be, artists can gain secured exposure as never before, since digital graphics programs have made it painfully easy to alter, copy and otherwise take images, thereby lowering the value of the piece and probability that the artist will sell the original. NFT art and Israeli art galleries in Jerusalem are beshert, or in other words, made for one another.

  • What Is It?

When an NFT is minted, it is very real. This is not some Hogwarts funny money that only exists in fantasy. An NFT is a unit of data, like an image file in jpg interchangeable format, for example. This data is stored on a digital ledger that is called a blockchain. A blockchain is a technology that certifies any digital asset to be unique and therefore non-fungible, i.e., not interchangeable.

NFTs can represent a variety of items, from art to fashion and more:

  • photos
  • videos
  • audio
  • any kind of digital file

While the NFT buyer will have exclusive rights to his or her token, the original piece can be sold by the artist or Israeli art gallery owner, at will, with no connection to the buyer or buyers of the NFT. Proof of ownership is guaranteed to the owner, since the NFTs are tracked on the cryptographic blockchains, not to be confused with copyright.

American-Israeli artist Menucha Page has been creating spiritually inspired pieces that are displayed in her art gallery in Jerusalem. If she will, in the future, mint some NFT art tokens, she will join the ranks of cutting-edge crypto enthusiasts and reach an unlimited number of potential collectors.

  • NFT Israeli Art Gallery in Jerusalem

Each week, more and more NFT platforms arise. The platform creators craft their own, utilizing one of many different blockchain technologies, and they are then ripe and ready to support NFTs from the specific chain. Ethereum, Matic, WAX, and even Bitcoin to a lesser extent can support NFTs. Platforms pop up every day and Israel is becoming a forerunner for NFT art in Israeli virtual galleries. Even Jerusalem is on board and Jerusalem art galleries will surely embrace this new technology, with the promise of great opportunity for Israeli artists.

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