“Not Forgotten, But Gone” is an NFT piece that consists of a video render of a gummy bear skeleton inside a box, which belongs to a series of NFTs that portray gummy bears in different artistic renditions made by one of New York’s contemporary artists, WhIsBe. Credit: twitter
For those still becoming familiar with NFTs (“Non-Fungible Tokens”), they use the Ethereum blockchain to sell original versions of digital artefacts. An example would be Andy Warhol’s famed Campbell’s Soup can. Were Warhol alive and creating this artwork today, he might choose to release it as a token on the blockchain, with only one original owner registered, as an NFT is a token we use to represent a right in something we own.
Two years ago, artists who created NFTs literally couldn’t give their art away Fast forward to the time of writing this piece and there is a bid for $10,896,985.60 for a piece of NFT art called Punk 635.
