Do your pArt NFT's
is a project launched by Moraitis Visual Art IB students that aims to elevate and promote the value of digital art in its current context. Each collection's purpose is to demonstrate the artistic, conceptual and technical value of young aspiring student artists and enable you to become the proud owners of unique and fresh artworks at a low price. Part of the proceeds will go to children's charities, as art can be inspiring and healing at the same time. We hope to create a community of empathetic art-lovers who choose to celebrate the unique viewpoints of young talents from across the world and ultimately help in making a difference in the lives of children in need.
What is an NFT?
A non-fungible token (NFT) is a unit of data that may be sold and traded and is held on a blockchain
, which is a type of digital ledger. An NFT is a Digital asset that represents real-world objects like art, music, in-game items and videos which are bought, sold and traded on platforms like Opensea(5)*****, Rarible, Magic eden and more. NFTs vary from blockchain cryptocurrencies
like Bitcoin, ethereum
, solana and many others since each token is individually recognized. (Click here for info on how to buy an NFT)(4)*****
What is a blockchain
A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems. It is composed of blocks which contain a number of transactions, and every time a new transaction occurs on the blockchain, a record of that transaction is added to every participant's ledger. This is what ultimately makes the blockchain a safe and very hard to hack or alter. Because everyone has records of every transaction that happens it's almost impossible to cheat the system.
What is a cryptocurrency?
Cryptocurrency is a digital payment mechanism that does not rely on banks for transaction verification. It's a peer-to-peer system that allows anyone to make and receive payments from anywhere. Cryptocurrency payments exist solely as digital entries to an online database identifying specific transactions, rather than as tangible money carried around and exchanged in the real world. The transactions that you make with cryptocurrency funds are recorded in a public ledger called blockchain.
What is Ethereum and how does it work?
Ethereum is a decentralized blockchain platform that creates a peer-to-peer network for securely executing and verifying application code, often known as smart contracts. As a cost of processing transactions on the network, a sender must sign transactions and spend Ether, Ethereum's native coin.