NFTs, the way of the future?
-
-
NFTs, the way of the future?on: September 23, 2023 at 4:38 pm
Gentlemen,
NFT is not just the pfp collections mentioned by the article, and by Kevin (the Trump’s one). NFT is a way of commercialise (buy & sell) things, in particular art (digital art, photography, etc).
As such, NFTs have been bought and sold at Sotheby’s and other mainstream auction venues and they keep to do so. They have been exhibited in hundreds of physical exhibitions all over the world. They are part of mainstream collections such as, e.g., the MoMA, and so on.
As such, NFTs gave an outlet to a market to artists and photographers coming from countries where accessing the art and photography market would have been impossible. Hell, even in Italy or – I am sure – in the US getting into the “traditional” art market it’s not really that easy, if you don’t have the right connections.
The NFT market for art & photography, not pfp collections, is still very much alive – albeit not booming as it was a couple of years ago. Mainstream media just lost interest and moved on, except for the odd article like the one Jeremy quoted, which again just focuses on the pfp side of NFT – which has always been as the article pointed out, with the only difference that during the boom years many people made (and other lost) an inordinate amount of money buying and selling monkeys (and similar ridiculous things, of which the Trump one was one of the last and most ridiculous ones, if you ask me).
NFT are here to stay, pretty much the same way that digital photography did when it came out – and you might remember how, at first, many ridiculed it, many didn’t embrace it, many didn’t take it serious and so on. A vast majority of those photographers who did not embrace digital when it became a viable alternative to film went out of business.
Like with any new thing that comes along, and disrupts the status quo, there always are people embracing the new, people refusing to do so, people getting burned by doing one thing or the other, people ignoring the whole thing, and so on.
Like with any new thing that comes along and disrupts the status quo, NFTs are very polarising.
About my very very small personal experience with NFT, I sold enough photographs to be happy I joined the movement when I did, in 2021. Just to mention one small thing, NFT sales are paying for the 4 month trip non-stop around the world I am currently on. I am very happy to still be in the space, despite the market slowing down. I made connections there with other artists that I cherish. I have been exposed to a million of new ideas, new art, new photography, new business strategies, new marketing strategies, and so on, and I learned a lot as a result.
As always, YMMV, to me all that counts is that one is happy with one decisions and choices in life, and that everyone’s choices – no matter how different from our own – are always respected. Sadly, that’s something that doesn’t always happen, even in the best communities, and that can easily be seen when it comes to NFTs as well.
Best regards,
Vieri
- You must be logged in to reply to this topic.