About Us

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The Beverly Hills NFT Gallery is the first Celebrity Owned, experience-driven blockchain powered Art Gallery NFT platform that brings together the most iconic names in pop-culture to create unique 8k rendered AI NFT Art utilizing quantum computers.

Leadership

Mikel Ravenscroft

Founder 

Ralph Johnson                      

Founder

Enrique Zueco

Founder

Let us share,

(Non-Fungible Token) has recently become one of the most popular words in the art world. It is a new way of investing in art or digital assets such as GIFs or tweets.

338 Million is trading USD – this was the amount reported by the company NonFungible of Non Fungible Tokens sold in 2020. This means that their value increased over 8 times since 2018. NFTs have the potential to revolutionize the art world, perhaps it is better to say that they are already revolutionizing it. Why is this trend increasing and what does art tokenization mean? We have gathered everything you need to know to understand this new digital movement.

When purchasing a digital asset such as a digital artwork, tweet, GIF or any other digital file, the buyer receives an NFT token – a type of a serial number encrypted by the artist’s signature. Therefore, the token becomes a kind of a signature or rather a certificate of authenticity. Such a transaction is registered in blockchain (a digital system of recording information in a way that makes it nearly impossible to commit any fraud) and becomes public. It cannot be changed, deleted or cancelled. The buyer of the digital asset becomes the official owner of the good which is often widely accessible and available to larger audiences. The NFT token can be resold and as a result the title to the digital asset can be transferred to the next buyer. 

We are all asking ourselves if NFTs will become a main trend in the future of art. Since Christie’s has recently offered at its auction a purely digital artwork, we can see that the trend is increasing and entering the mainstream of art sales. In March 2021 an artwork by Mike Winkelmann, the digital artist known as Beeple, sold at Christie’s for 69 million USD. The work is a collage of 5000 digital images, created by Winkelmann for his Everydaysseries. This sale made his work the third most expensive art piece of a living artist. 

What impact can NFTs have? First of all they can strengthen the artists themselves and impact the growing trend of the creator’s economy in which artists will have more possibilities to sell their works directly to collectors. NFTs also contribute to the development of digital art. 

This trend seems to be extremely popular with wealthy millennials who see high-end art purchases as a great financial asset and an important part of building a comprehensive wealth strategy. However it is worth adding that NFTs might be a revolution for art museums and galleries and the way they earn money. Perhaps such institutions will start selling or renting parts of their works or entire works with blockchain technology. 

The element that we can buy or sell with NFT is basically anything that is digital, from a painting to a piece of music. We might think, what is the point of buying it if there are millions of copies all around the internet? True. But NFTs are a form of a digital asset in which ownership is recorded in a blockchain. It is the same as having an original Monet painting on your wall.