WTF Is An NFT: An immersive digital art exhibition is coming to the Manchester Art Fair for the first time

A groundbreaking immersive digital art exhibition will be coming to the Manchester Art Fair for the very first time, and will give Mancunians the chance to delve into the promising world of NFTs.

But firstly, let’s clear one thing up; What exactly is an NFT?

Well, being none the wiser myself, I decided to delve into the complex (and somewhat scary) world of NFTs to see what the heck all the fuss is about, and here’s what I found; An NFT – or non-fungible token – is a ‘one-of-a-kind’ asset in the digital world that can be bought and sold like any other piece of property.

To break it down even further, a ‘fungible’ asset is something with units that can be readily interchanged, like money. However, if something is ‘non-fungible’, it is a completely unique property, meaning it is impossible to be swapped or interchanged.

NFTs can be anything in a digital form, such as paintings, drawings and music, but most of the excitement surrounding them these days is the staggering amount of money they can be sold for – I’m talking hundreds of thousands of pounds and even millions, in some instances.

Though it is worth mentioning that you will need a cryptocurrency wallet to be able to purchase or invest in your own NFT (cryptocurrency is basically a digital form of currency in that you exchange your pounds for, such as Bitcoin and Dogecoin etc.).

And don’t worry if you’re still feeling a bit lost; NFTs are notoriously complex to wrap your heads around so it may take some time to get to grips with things. 

But let’s get down to the exciting stuff; for the first time ever, the Manchester Art Fair will be hosting an NFT event courtesy of KnownOrigin and Manchester’s Finest’s digital exhibition, ‘WTF Is An NFT‘.

The collaborative exhibition booth will give attendees the opportunity to talk to the KnownOrigin team about everything there is to know about NFTs and also get a bit of much-needed advice on how to get started in this emerging digital space.

The groundbreaking exhibition will feature KnownOrigin’s crypto-art by artists such as David-Koblesky, Anna Natter and Lucho, alongside Manchester’s Finest own curated artists, Numan,  and LeiMai LeMaow.

Manchester’s Finest’s collection will focus on the utility of NFTs, which will give collectors a set of benefits with the purchase – therefore, anyone who buys one of the digital artworks by the Manchester’s Finest collaborative artists will be able to redeem a supper club with the artist in question through an invite that will be airdropped to them at some point in the near future.

Attendees will also be able to get their hands on an exclusive POAP (Proof of Attendance Protocol), a digital gift to prove their attendance to an event and a much sought-after and valuable asset in the NFT community.

Steven Pankhurt, Creative Director at Manchester’s Finest, said: “The ‘utility’ or ‘added extra’ side of NFTs and the fact the artist benefits from commission on any resales is something we at Manchester’s Finest really want to champion.

“The additional ability to link unique perks, gifts & events direct to the holders of these NFTs allows us to also generate revenue for our independent food & drink partners. NFTs will span every aspect of people’s lives in years to come, this is just the start.”

WTF is an NFT? A Disruptive Exhibition will be at the Manchester Art Fair 2021 from November 19th – November 21st. 

To get FREE tickets to the exhibition, use our discount code ‘WTFNFT’ here.