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The cyber-utopian façade of NFT and crypto art spaces is at odds with an elitist underbelly – we go beneath its decentralised veneer to uncover the mammoth effort to make the crypto world more inclusive ....
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NFTs give artists more autonomy, but the space is becoming more competitive. We asked NFT artists if it would be strategic for traditional artists to pivot to the digital space. NFT artists are now making millions of dollars from their work. But if you re a traditional artist looking to enter the growing space, pivoting solely to NFT art may be more difficult than it seems. As an artist, there are several benefits to pursuing NFT art. For one, it mimics the global shift towards remote work during COVID-19. Unlike the 1980s when artists used to cluster in major cities like New York, NFT art has made it possible for artists around the world to achieve financial success, Sergio Scalet of Hackatao, an Italy-based NFT pop art duo, told Insider. ....
NFT artist Trevor Jones says traditional art markets could become obsolete in the face of NFTs. Mike Winkelmann of Beeple says galleries will end up pivoting to cater to this emerging market. NFT art has suddenly dominated headlines across the world, and it s impact on the traditional art scene may be here to stay. NFTs, or non-fungible tokens, are more straightforward than they sound. Basically, a NFT provides blockchain-backed proof of ownership on an item that the token is attached to. This could be anything, from the Nyan Cat meme to virtual NBA moments to an upcoming album from Kings of Leon. ....
NFT artists who are making millions on their creations say the craze could permanently change the traditional art world yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.