About NFT's — ACCA Fine Arts Company

What is an NFT?

A non-fungible token (NFT) is a unit of data stored on a digital ledger, called a blockchain, that certifies a digital asset to be unique and therefore not interchangeable. NFTs can be used to represent items such as photos, videos, audio, and other types of digital files. Access to any copy of the original file, however, is not restricted to the buyer of the NFT. While copies of these digital items are available for anyone to obtain, NFTs are tracked on blockchains to provide the owner with a proof of ownership that is separate from copyright.

The NFT market value tripled in 2020, reaching more than $250 million. During the first quarter of 2021, NFT sales exceeded $2 billion.

NFT enthusiasts see them as collectibles with intrinsic value because of their cultural significance, while others treat them as an investment, speculating on rising prices.

Why buy NFT’s

We want a long-term ownership, we want art to exist beyond us, the blockchain is a solution to many traditional restrictions in transparency, security, exhibition, and storage cost.

Why collect NFT’s?

The digital world is the real world now, and blockchain is a new way to own and invest in art.

Number of NFT’S sold in the last 24hrs: 38,041 total transactions: 64,485

Trading Volume 54.99 million.

Market Capitalization over 1.6 billion USD

What do I get when purchased the NFT’s?

Crypto art refers to digital artworks whose ownership can be authenticated, just like with physical art. Usually, the authenticity of physical artworks can be proved in different ways, for example, by examining the artist’s signature or receiving authentication certificates.

In the case of crypto art, different methods must be used. The authentication and proof of ownership of digital files relies primarily on non-fungible tokens (NTFs), which are unique digital assets that are stored in blockchain. NFTs cannot be reproduced and can represent any type of digital format such as GIF, JPEG, and MP3. They are not mutually interchangeable, but it is possible to buy them with cryptocurrencies.

Once a digital artwork is uploaded on a blockchain in the form of NFT, it will become a unique piece of art, as it will always be possible to determine the original file even if its copies are shared indefinitely on the web.

As described in the NFT basics concept guide, an NFT is a digital asset that can be bought and sold on a blockchain network. The value of an NFT is based on what it represents — for example, an image, video, or game asset. To make an NFT represent something, we use metadata.

Metadata (opens new window) is data that provides information about other data; in the case of an NFT, it describes that NFT's essential properties, including its name, description, and anything else its creator feels is important. In many cases, an NFT's metadata also contains links to the images and other "primary" digital assets that give an NFT its value.

Buyer receives:

• Proof of ownership: Each NFT has an independent single ERC 721 Token ID minted to the specific art piece in the form of a digital smart contract. These digital smart contracts contain the Metadata of Ownership, sale, and transfer to record the Asset Data. These contracts will be stored forever on the Ethereum Blockchain.

Buyer Extras:

Owners are given an additional physical asset pack that include:

• Secured key 3z-usb USB flash drive -encrypted 128gb -usb 3.1-fips 1 40-2 Level 3

What do I get when purchased the NFT’s videos?

• Full Resolution Mpeg: The most widely compatible video format in the world.