After considering my ideas I have decided that the one where I could do something that really adds to my skills is creating the digital art and using this on a gallery to sell as Non Fungible Tokens (NFT) as this is something I would like to investigate and it has a real world context. Investopedia states; 'Non-fungible tokens (NFTs) are cryptographic assets on a blockchain with unique identification codes and metadata that distinguish them from each other. Unlike cryptocurrencies, they cannot be traded or exchanged at equivalency. This differs from fungible tokens like cryptocurrencies, which are identical to each other and, therefore, can serve as a medium for commercial transactions' (Sharma, 2022). An NFT can be a digital version of the original artwork and the British Museum allow you to own an NFT copy of original artworks, these are limited edition and can reach high prices but you then own the digital asset.
The ghost at Sara-yaskiki, from the series One Hundred Ghost Tales
Katsushika Hokusai (1760-1849)
This is from the British Museum collection and there are 2 editions available so is 'Ultra Rare' and these are being sold for £99,000 as an NFT.
Sharma, R., 2022. Non-Fungible Token (NFT). [online] Investopedia. Available at: https://www.investopedia.com/non-fungible-tokens-nft-5115211 [Accessed 5 April 2022].The British Museum: La Collection. 2022. [online] Available at: https://lacollection.io/marketplace [Accessed 5 April 2022].
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