Phemex Announces Q aRt – Their First NFT Created by the Community

Phemex Announces Q aRt – Their First NFT Created by the Community


Phemex just announced Q aRt, an event that will create an NFT using the QR codes of all the participants.

Once created, the NFT art piece will be auctioned, and all participants will have a shot at winning a part of the final bid.

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A summary of NFTs

In case you somehow missed all the craze about NFTs, here’s a quick breakdown.

NFTs, or non-fungible tokens, are goods that are irreplaceable, unique and limited in quantity, minted in the form of a token.

They can take the form of art, music, ownership titles, collectibles and even tweets. Such was the case with Jack Dorsey’s first-ever tweet, which was recently sold as an NFT for the equivalent of $2.9 million.

Various other public figures joined the NFT craze, such as Elon Musk,

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