A new digital art marketplace is transforming how collectors acquire and own original artwork by offering pieces that can be minted as non-fungible tokens on the blockchain. Royce’s Digital Art Store provides collectors with the rights to digital artwork that can be authenticated, traded, and tracked through blockchain technology.
The platform operates on a straightforward model where buyers purchase digital artwork, download the files, and then have the option to mint them as NFTs on platforms like OpenSea. This process creates a digital certificate of ownership that lives entirely online, establishing verifiable provenance for each piece.
Unlike traditional art galleries where physical pieces change hands, this virtual gallery model allows artwork to exist purely in digital form while maintaining the same principles of ownership and value that apply to physical art. The blockchain technology underlying NFTs provides a public ledger that tracks and verifies ownership, creating transparency in the digital art market.
The digital art gallery sells the rights to original artwork, enabling collectors to become the official owners of these digital pieces. Once minted as NFTs, these artworks can be held in digital wallets, displayed in virtual galleries, or traded on various NFT marketplaces.
One notable feature of NFT artwork is the potential for artists to receive royalties on future sales when their work changes hands in the secondary market. This creates an ongoing revenue stream that doesn’t exist in traditional art sales, where artists typically only benefit from the initial purchase.
The emergence of platforms like this digital art store reflects broader changes in how art is created, distributed, and collected in the digital age. As more collectors become comfortable with blockchain technology and digital ownership, virtual galleries are positioning themselves as legitimate alternatives to traditional art marketplaces.
For collectors interested in entering the NFT art space, the process begins with selecting artwork from the available collection, completing the purchase, and then deciding whether to mint the piece as an NFT. This flexibility allows buyers to engage with digital art at their own pace while maintaining full ownership rights to their acquired pieces.
