Last July, Sacha Jafri’s NFT Artwork titled ‘On the Wings of an Angel’ sold for nearly US$1 million in under a minute. See more here. CannesGala
and digital art while highlighting philanthropic causes, Sacha aims to create several more. Expect to see an online auction of further editions of ‘On the Wings of an Angel’ on Infinity8, and Sacha’s series of NFT’s called 99 “crypto angels,” each for different charities. Sacha hopes that the auction money garnered from the sale of these NFTs will be distributed to charitable causes..
NFTs, or non-fungible tokens, provide blockchain-backed “proof of ownership” on an item that the token is attached to. When that artwork is sold, the blockchain will record that new ownership and also serve as a certificate of authenticity. This guarantees sole ownership in perpetuity and ensures that any copy of that art will not be “re-sold” as a fake because the blockchain is fixed and to date, unhackable.
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