NFT artists who are making millions on their creations say the craze could permanently change the traditional art world

NFT artists who are making millions on their creations say the craze could permanently change the traditional art world

NFT art has suddenly dominated headlines across the world, and it's impact on the "traditional" art scene may be here to stay.

NFTs, or non-fungible tokens, are more straightforward than they sound. Basically, a NFT provides blockchain-backed "proof of ownership" on an item that the token is attached to. This could be anything, from the Nyan Cat meme to virtual NBA "moments" to an upcoming album from Kings of Leon.

Mainstream players like Grimes and Mark Cuban are also getting in on the NFT scene.

"I have a feeling it's only going to get a lot bigger!" Trevor Jones, an artist who has an educational background in fine arts with a focus on drawing and painting, told Insider in an interview. "Ride that crypto wave! 

Jones, who has been a full-time artist since 2015, considers himself a "traditional painter," but has been interested in the intersection between art and technology for the past decade, including exploring the NFT art space since 2019.

In homage to his training, all of Jones' NFT work still begins as a traditional "physical" painting. And so far, this formula has been finding him massive success: His artwork has been selling for between $40,000 to $180,000 each, Jones told Insider.

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