Lebanese artists explore NFTs
The adoption of NFT art in Lebanon seems to be a milestone for artists.
Artists across Lebanon are increasingly diving into the world of nonfungible tokens (NFTs), which are digital tokens that can be thought of as certificates of ownership for virtual assets.
They cannot be traded or exchanged as each is unique. Hence, NFTs are different from cryptocurrencies as they’re nonfungible, meaning the value of one NFT is not equal to another because each NFT is a unique, one-of-a-kind digital item — unlike a Bitcoin or an Ethereum, which are interchangeable as they hold the same value.
For Lebanese artists, NFT art has transformed their careers for the better by opening a global opportunity and offering higher exposure to their artwork while allowing them to break boundaries in their form of art. This has proven to be of crucial importance for small-scale artists in the country.
Grace Hasrouny, a 21-year-old digital media graduate, is one of Lebanon’s many artists using digital means to both create and sell her work.
