Are digital art and NFTs slowly replacing old members?

The way we use the media has changed over the years. It used to be that you had to own physical devices, but now you can get 24/7 digital services and access your library of music, movies, and texts anytime. However, until now, the art world has not adapted to these changes, and most of the paintings, sculptures and sculptures can still be found in the halls. However, with the emergence of new viruses and the emergence of non-fungible tokens (NFTs), this is likely to change. Art will be pushed to the forefront of the consumer revolution.

Ulvi Kasimov, founder of the ".ART" trademark registration website and a member of the 2020 Arts Power Top 50, said:

“In fact, due to the spread of the novel coronavirus, the 'art world' has no choice but to connect, and so events created the art world to become a founder of joint ventures . ", switch to NFT and shared support. "

"A new virus has changed the world" on the Internet. "-Ulvi Kasimov

Shane Lavalette and Ashlyn Davis Burns, co-founders of the gallery and design studio, said:

“People have needed digital knowledge for a long time, and blockchains coincidentally represent the concept of 'stability' in the digital space. Of course, in the future there will be more and more digital racial art. with NFTs. More and more artists I 'I'm passionate about creating projects related to NFTs and blockchain. In fact, all of this has happened before. "

Kasimov believes times have changed and young people like art about "feelings and experiences" more than physical objects.

The transition from member culture to continuous media culture in the arts such as film and television went smoothly, and with the advent of NFT, the transition began to affect the world of art. themes, such as artwork and music. This means that not only will ownership of digital art seem unprecedented, but it will also affect the scarcity of digital images. for

digital pioneer

Kasimov thinks that's where digital pioneers like .ART come in. "The less you lose, the more you get. For artists themselves and for producers in general, the changes are usually below. First, the digital usage process needs to be created and sales of NFT works created by the same artists. Make the data do it. "

In this sense, .ART promises to be a bridge between theaters, museums, retail stores and theaters who wish to own NFT. It provides one-stop service for low-cost domain registration and free access to the art world website, and is very simple and convenient by directly connecting to the blockchain platform to provide the service. Ethereum naming and NFT coins service. This is the key to a new integration.

As Kasimov explains:

.ART drink-a culture that must be brought about in the face of change. "

Kasimov continues.

“People's production has to meet their needs, and the government is committed to reducing production. I don't think that's a good option. If there is no change, the design cannot. The basis of modern consumption is actually our product of culture, and now we are all in "culture."

Kasimov also pointed out:

"Is the art world a combination of other conceptions, and will it be useful in solving global problems, and when will they be?" These problems merit consideration. "

With the rise of NFT in the performing arts, a culture of sharing has also developed. Kennedy says:

“A lot of great things are happening in the art world and I think it will slowly become part of the culture. In this world and in the digital world there will be an impact… disrupting the culture that directly affects our lives. "

.ART ushers in a new era of registration services that allow artists to quickly and easily build websites on the web, join crypto portfolios, and create true digital certification tools, twins, and NFTs through the blockchain .

From the world of simulation to the world of the Web 3

Joe Kennedy, co-founder and director of the London Contemporary Art Gallery, said:

“We are moving from the world of simulation to the world of Web3, where human-to-human communication begins to change and beauty changes. With constant changes, many relationships will continue to change. The changes will not be seen.”

"We are in the process of moving from a simulation world to a Web 3 world." - Joe Kennedy

The London Room is one of the many venues that have hosted NFT exhibitions in recent months. The emergence of NFTs has radically changed the art world. Earlier this year, digital artist Beeple broke the news by selling his work NFT for $ 69 million and overnight became the world's third greatest artist. Since then, the auction houses of the giant art galleries Sotheby's and Christie's have devoted themselves to the NFT arena.

Another place to host NFT is the "House of Fine Art" in London. Jake Elias, Director of the Digital Division, said:

"If NFT art continues to grow and attracts artists from traditional agriculture, then the best place to get involved."

But these rooms have to face real questions. How are NFTs changing the art world? Lavalette and Davis Burns explain:

“NFT stands for democracy, freedom. Then the middle organizations will disappear. But that suppression is still there. It can give new opportunities to developers. New and send new opportunities in the future. The way of working at through the community. No need for publicity in the middle like theaters and museums to complement people's visit, but at the same time establishing deep levels with collectors and direct contact. "

Kasimov believes that the theater, along with theaters, retail stores, theaters and theater technology partners, will continue to play a key role in "presenting the culture of the art world." He added that the museum has played a key role in this transition through "the expertise, cooperation and care they receive from curators and staff."

Lavalette and Davis Burns say:

“It can be a bit difficult if you want to make a difference based purely on the strength of the author.” I seriously thought about how to improve it. Artists for the outside world and working on the creation and promotion of food. "

However, Kasimov noted that museums are restricted by traditional organizations. “Even with small changes, the museum has lost a lot. This rule still applies to all organs, such as apartments and shops.

Retailers are an important group in the NFT industry and the main reason they are motivated by revenue.

There is no doubt that Non-Fungible Token (NFT), the rising star in the cryptocurrency space in 2021, has reached its all-time high and achieved unprecedented growth in the packaging industry and of use. .

Businesses still play a role in the business enterprise, but a recent report from Chainalysis shows that so far this year 80% of NFT business has been done by entrepreneurs, as well as producers and organizations supporting large companies. . in this area.

The main players in the NFT industry market

According to a report sent by Chainalysis titled "2021 NFT Research Research," from January to October 2021, the chain's data showed that NFT stores can pack over 80% of the total, with marketing completed by scribes. The Group's activity only represents 19% of the total market share.

Interestingly, in March of this year the volume was only 6% and had not reached 19% until the start of the fourth quarter. It also shows that NFT has had a year of growth and reached an enthusiastic audience.

Chainalysis also concluded early on that companies only made up 1% of the total market share, but once the analysis was completed, it was surprising to see that the corporate market accounts for 26% of the total market share. % valued.

How Chainalysis separates all the exchanges and finally gets to a conclusion, explains the blockchain analytics company: ranked according to buyer. classified by home business.

In addition, the study came to some conclusions:

“The data shows that compared to the traditional cryptocurrency market, the NFT market has been more affected by the market. In the traditional cryptocurrency market, retailers make up almost a percentage of the total economy.

The greed drives the NFT boom

Many people have invested in cryptocurrencies to fight inflation and make more money, and investing in NFTs has also been tempted by the benefits of investing heavily in employment in this region. However, analysis of existing data shows that not all of these NFTs will ultimately pay off for investors.

According to data released by Chainalysis, only around 29% of NFTs sold on the platform at the time of delivery are eligible for it. However, when new NFTs were announced to register for free, revenue increased by 75.7%.

According to the NFTSKA, the free registration process is possible through the prior approval of crypto wallets for future NFT castings (also known as "loss").

After reviewing previous data, Chainalysis focused on:

"It is almost impossible to make returns by purchasing coins unless the new minted NFTs are listed for free."

It should be noted that public interest in NFTs has returned since Facebook changed its name to Meta a few weeks ago. Going forward, it is estimated that the business market will focus on how to bring more people into the meta world. Surprisingly, sales of virtual assets like virtual land and other virtual goods have reached nearly $ 300 million in the past seven days.

concludes

What can I do after purchasing NFT? We have no laws, so we cannot benefit from the manufacture of products, but we have the right to sell or rent in second-hand stores, bring rent or use they are responsible for the toboggan. , may also cause damage to you. In fact, NFTs can provide support just as well as art. With more and more cryptocurrency writing, game tools, digital modes, skins, and more and more content, you will find that the range of programming artwork and utilities is more and more blurry. As manufacturers create a new environment for the survival of NFTs, the demand for digital vendors will continue to grow and NFTs will continue to open new windows for digital owners.