Coin Week

  • bitcoinBitcoin$17,160.19-0.50%
  • ethereumEthereum$1,266.13-1.35%
  • binancecoinBNB$286.74-1.06%
  • rippleXRP$0.388816-1.57%
  • dogecoinDogecoin$0.097115-1.30%
  • SolanaSolana$13.64-0.34%

Fhatuwani Mukheli Among Many South African Artists to Benefit from NFTs

Fhatuwani Mukheli thrives in the art scene thanks to traditional art and NFTs

Cryptocurrencies and NFTs have been on the forefront of technological innovation for years now, but they’re just two out of many examples that show how modern trends are being created using these new technologies.

The popularity of Non-Fungible Tokens (NFTs) has skyrocketed in recent months, with many people quickly jumping on the hype. Although brands generally utilize these digital assets as an investment opportunity. Others show their support for particular artists by purchasing specific works they want introduced into public awareness.

Fhatuwani Mukheli is an artist from South Africa who has been experimenting with both traditional and digital art for years now.

The digital space is a vast and ever-changing landscape. As an artist in this environment, Mukheli shares his works on The Tree (a website where other artists can put their NFTs up for sale) to give art lovers across South Africa and abroad access to rare pieces of artwork from talented artists like himself.

Read also: The English Premier League Steps Out of the Pitch and Into the Metaverse

Mukheli also discussed metaverse, which is a virtual reality space where people can socialize in an entirely new experience.

“There’s a virtual world where people are buying land in it,” said the artist. “People have properties there, and your art can be on these walls.”

Throughout his artist career, Fhatuwani Mukheli has been able to give both canvas paintings and NFTs. Other artists on The Tree sell up-to five limited editions of each NFT, which are equivalent digital prints for those who want something more durable with their art investment.

Mukheli’s business has seen an unbelievable increase since she started using The Tree.

The critics of NFTs, blockchains, and digital ledgers are worried that they pose a danger to Earth’s environment.

The Tree is a revolutionary platform that makes it easy to support sustainable businesses while saving energy. Each transaction on The Tree uses Polygon, an eco-friendly blockchain with less power consumption and plants more trees with environmental organization Greenpop.

“It’s not just about art and artists and the story,” said The Tree co-founder Dan Portal. “It’s about making sure that this growth in technology for artists doesn’t come at a cost to the planet.”

Read also: NFT Project Stepn Pioneers the Integration of NFTs and Exercise

Opinions expressed by Coin Week contributors are their own.