Digital & Technology

Non-fungible (NFTs) tokens are currently one of the most well-liked trends in the cryptocurrency art market. NFTs, which are different digital assets, represent the ownership of a particular thing, such as a piece of art, music, a movie, or even a tweet. The NFT marketplaces have been fast growing as more artistis - and collectors - have started adopting NFTs to monetize their content.

NFTs. Cryptocurrencies. Bitcoin. Ethereum. Web3. To someone who has never directly interacted with these things before, the crypto world can seem obtuse, opaque, and overtly strange. All of which is completely understandable. The advent of the blockchain and the technologies it supports represent a sea-change on par with the advent of the internet itself. And just as people reacted to the early days of the internet with a wide variety of emotions that included skepticism, excitement, and outright fear, blockchain-based technology is inspiring the same gamut in people today. 

The only art project that stands a chance for success is that which can cultivate an online community.  I believe this most in the NFT world, as projects earning the most tractions and transactions are NFTs focusing on smaller collections and narrative storytelling (often with a dose of humor). I suggest that in 2023 you'll still have winners here and there (like one-off collections that soared during the hype period of 2022) ; but for the most part, it's high-quality effort to build community that will be rewarded.

 

An NFT is a digital asset that exists completely in the digital universe—you can't touch it, but you can own it. An NFT can be any type of digital file: an artwork, an article, music or even a meme such as “Disaster Girl”, the original photo of which sold for $500k earlier this year.

Art and technology have a complex but meaningful history of working together and influencing one another, particularly in the last decade. Art and technology has eclipsed and evolved alongside each other, arriving at their place in the world today; a digital era where they constantly portray new ideas and new ways of viewing art. This blog will discusses how diverse innovations in technology have directly impacted the creation and viewing of art, and will continue to do so in the years to come.