First Polygon Runway NFT on auction

What is NFT?

You can think of it as a painter selling their original work on canvas, but for digital artists. Blockchains, Bitcoins and Ethereum are primarily technologies, made to create digital assets, that can’t be tampered with and that can be owned. NFT represents such asset in a form of digital art. In short, you own the original in your collection.

You can read more about NFT’s down below in the FAQ section.

What’s the point of collecting NFT’s?

It is similar to collecting traditional art. If you believe in the creator and you think, that he’s work will get more known and popular, you can support him now and reap the profits in the future. 

Additionally, the fact, that it’s a unique blockchain token, gives it value. You can check out the CryptoPunks project if you want to better understand the collectible aspect of NFT’s. https://www.larvalabs.com/cryptopunks 

How can I purchase this artwork?

Polygon Runway is currently listed on Foundation auction site and the best way to learn, how to collect NFT’s on their site is their comprehensive guide. It will help you to understand the auction and set up your Ethereum wallet. https://help.foundation.app/en/articles/4742997-a-complete-guide-to-collecting-nfts-and-how-auctions-work

Can I sell it?

Of course! The same way a collector invests in upcoming artists in galleries and then resells the art for profit. 

How many copies will be sold?

Only this one. No more. Ever.

I heard it’s environmental issue, is it true?

Environment is essential matter to me, so I went and researched multiple sources. I like the methodical approach in this article, witch clearly identified data and information sources https://sterlingcrispin.blogspot.com/2021/02/crypto-art-sky-is-not-falling.html?m=1

In short, creating and selling one unique NFT has lower CO2 footprint, than creating merchandise T-shirt. 

But let’s keep an eye on this.