Frequently Asked Questions
What is an NFT?
A non-fungible token (NFT) is a unique and non-interchangeable unit of data stored on a digital ledger (blockchain).NFTs can be used to represent easily-reproducible items such as photos, videos, audio, and other types of digital files as unique items (analogous to a certificate of authenticity), and use blockchain technology to establish a verified and public proof of ownership.
How can I buy one of your NFTs?
All of our NFTs may be purchased by clicking on the link at the bottom of their page. This link will take you to the site where you can make the purchase. You may have to create an account at this site, so please see their specific instructions on doing so.
Will your NFTs go up in value?
While there is no guarantees and we make no promises, we do feel the value of our NFTs will continue to increase. Each of our NFTs is based on artwork in the real world. These artworks typically increase in value based on market conditions, exclusivity, exhibitions, and artist popularity. Our NFTs are the only authorized digital representations of these artworks in existence. So, many of the same reasons that affect the value of the original artwork could affect the NFTs in the same way. Again, eDigital makes no promises or guarantees, but we think this makes sense.
Why are you using real-world art as the basis of these NFTs?
We here at eDigital would like to bring a greater audience to the world of art collecting. But for most people, "art collecting" is cost prohibitive, complicated, and difficult to begin. By carefully selecting artworks from major art collections and bringing the spirit and feel of the original piece to the digital domain, eDigital hopes to provide people from around the world a chance to start their own digital art collections. We feel strongly about spreading the beauty and pleasure of what these artworks represent, and hope you will too!
Great! But what can I do with an NFT?
As explained above, an NFT is just a unit of data stored on a cryptographic blockchain, which points (in our case) to a digital file. This digital file has been authenticated by the owner of the original artwork as well as the artist themselves. No other version of this artwork is certified to be authentic. Once purchased, you can display your digital artwork on a wall, show it off on your phone, use it in your virtual home, or resell it at a later time. Your choice!
Does the original artist make any money from the NFT?
Of course! eDigital has exclusive relationships with all the artists in the collections that we are partnered with. While we cannot disclose the details of these agreements, supporting the art industry and the artists we represent is one of our major goals since our inception.
How do I create an electronic wallet?
First, you must select the type of electronic wallet you'd like to use. There are two options. The first is a "cold wallet", meaning, you will be saving your assets offline (such as with a Ledger X/hardware). The second type is a "hot wallet" which is a kind of software wallet that operates within your browser. There are many advantages and disadvantages to each of these types of wallets. Please do your own research and make the best decision that fits your personal situation.
Check out these links for more information:
Can an NFT be stolen?
Like everything on the Internet, you must be extremely careful with how you store your electronic assets. If someone were to know, guess or steal your login credentials from where you are storing your NFTs, then yes, they can be stolen. This is an inherent risk to all online assets so please exercise best practices with your passwords and electronic devices.
What other artists will you be releasing or working with?
I am an artist, can I work with eDigital?
eDigital only works with artists with the EFC Collection or with an established partner. Please contact us directly for more details.