NFT art galleries: Future of digital artwork or another crypto fad?
Physical NFT art galleries are popping up all over, but why? And does the public appreciate them, regardless of their crypto knowledge? As nonfungible token (NFT) art continues to develop as an industry, a new trend is quickly emerging: physical NFT galleries featuring digital, nonfungible pieces of unique artwork. Most recently, the largest Bitcoin (BTC) event in history — the Bitcoin 2021 conference — featured a peer-to-peer pop-up NFT art gallery with artwork from over 30 different crypto artists. Teodora Atanasova, VIP relations manager and founding team member of Nexo — the company....
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Well, we all know that art is a form of expression - of thoughts, views and objects using different media. Works of art - maybe painting, drawing or sketches on different media including canvas, paper or even digital art is better enjoyed and appreciated when displayed for public view than by keeping it under wraps. Art galleries help artists and art owners to exhibit their collection to public, either for free or for a fee. Artworks aren't necessarily bound to its physical form anymore. We have traditional art on paper, canvas, fabrics, wood etc. and then we have digital art. Digital art,....
With NFTs, the future of art is in the palm of your hand. Here is a look at the topmost famous artists getting into NFTs right now. For millennia, the world of art has remained unchanged for the most part. The tradition has always revolved around artists selling their work to museums, galleries, or individual collectors. In return, the artist would get a market value for their work which was often kept in private vaults and only displayed to the public ever so often.With the advent of NFTs, many artists are now able to take their work and offer it up for sale as a digital collectible.....
The use of blockchain data to establish provenance for artwork has attracted the attention of more than a few innovators and engineers in the space. Now, professional services firm Deloitte has unveiled its own approach to the use case. The art world has explored the use of bitcoin and other blockchains to track provenance for some time, and the concept has drawn attention of digital creatives as well. Ultimately, the goal is to both ensure authenticity of an artwork and trace the history of ownership and use of that work. Deloitte’s proof-of-concept, dubbed ‘ArtTracktive’, was developed....
‘Spike’ is a unique piece of artwork that was created by the enigmatic street artist Banksy in 2005. Today, a “Digital Original” of the physical artwork is going to be auctioned off as a licensed NFT. 50% of the revenue from the auction will be donated to charities to support people suffering from conflicts around the globe. The original piece of artwork, which was created in Palestine during Banksy’s travels in the West Bank, is owned by Vittorio Grigolo. Grigolo is a famous Italian operatic tenor who is also the co-founder of Valuart, the platform on which....
The most popular trend of 2021, NFTs, took off ever since the legacy auction house Christie’s sold digital artist Beeple’s artwork for an eye-watering $69 million. Non-fungible tokens (NFTs) have changed the way we think of ownership and unlocked new financial opportunities for creators. While the hype continues to rise to new levels this year and at some point is expected to normalize, it will transform into a much bigger idea that will cover more than simply art but also intellectual property rights, ticketing, music and movies, streaming, medical, video games, software licensing,....