What is the term used to describe a work of art that exists only in the digital world?

Crypto-art

Crypto-art, a revolution in how art is created, shared, and owned, uses blockchain technology to authenticate digital artworks as unique assets or "NFTs" (Non-Fungible Tokens). This innovation has enabled artists to monetize their digital works by ensuring their rarity and ownership, a concept previously difficult to apply in the digital realm. Crypto-art has opened new avenues for digital creators, allowing them to receive fair recognition and compensation for their work. This intersection between art and blockchain technology underscores the ongoing evolution of creativity in the digital age, rethinking what it means to "own" a piece of art.