01/07/2021 Are NFTs Revitalizing the Art Market?

The art world as is the case for most other fields was devastated by the COVID-19 pandemic lockdowns. The interface of art with the public was cut off and artists struggled to get their art seen, let alone sold.

The blockchain came to the rescue again with the introduction of NFTs for art. In a very short time, artists have been able to offer digital representations of their art in its creation or destruction in some cases in an online auction format using cryptocurrency as the medium of exchange.

NFT's use of blockchain technology also provides the proof of originality of the artwork and its history of ownership. Ideally, this concept of 'provenance' is where the value of an NFT is derived from as a digital asset.

The record-breaking Christie's auction of Beeple's “Everydays: The First 5000 Days” for $69 million has drawn the interest of many in the art world but some fear that speculation and hype will dominate the market leaving most artists disappointed.

Other major art auction houses like Sotheby's,  (BID) - Get Report are jumping into the NFT space along with online marketplaces SuperRare, OpenSea, and even crypto exchanges such as Binance.

To some artists such as Max Denison-Pender, the new technological innovation is full of possibilities. His recent auction of self-portrait 'Take Me To The Moon' which was flown into an active volcano in Iceland was a financial success on the OpenSea NFT marketplace. His optimism about the future of NFTs remains cautious.

 

Arts

https://www.thestreet.com/video/are-nfts-revitalizing-the-art-market

Interesting NFTs
AI Huascaq #3/5
Transdimensional art is a movement of blending online and offline stylesassisted blending and combining different styles of online and offline art. AI Huasca uses a DMT style AI blending over a kaleidoscopic remix of a painting that was "generated" via acrylic paint after an entheogenic trip.
Alex in Wonderland
A figure, Alex, stands mostly naked in the midst of a physical and psychological maelstrom. He is clad only in nostalgic 80’s era socks, on a tenuous island between active waters and a variety of shark denizens. Sharks on the right side of the image are all beached, including a shark with a quartz crystal snout, an orange shark wrapped in a life buoy, and a shark further in the distance wearing an 80’s style shirt with the number “88”. On the left side is the largest shark, wearing bright glossy red lipstick and brandishing prominent teeth with braces. She is cordoned off from the figure by a roped float divider, and within her thought bubble is a warning symbol. Behind the figure, hovering in the air, are Grey aliens emerging from the distance, out of a series of elliptical UFO shaped interdimensional membranes. The Greys take on the visual form of spermazoa ostensibly impregnating the interdimensional thresholds. As is typical, these Greys inhabit a zone just behind the unconscious topology of Alex’s dissociative mind. Though Alex’s bottom half is representative, his top half mutates into a psychological cornucopia. In a manner akin to “Auto-Erotic Sphinx”, a predecessor work, the figure has self suctioned—an act of sensual infatuation, enjoyment, and exploration. Upward exists the figure’s primary conscious eye, adorned with a revolutionary beret emblazoned with a Bitcoin badge. The figure’s summit features the nose of a fighter jet facing off against video game Bullet Bills, one of whom is marked by a communist North Korean star. A cropped section of a UFO observes the contest. Alex’s mind branches both left and right. To the left is more singular embodied consciousness, manifesting two eyes and a Ganesh trunk grasping crayons. The right branch dissociates upward diagonally, emerging into an array of eyes, faces, teeth, tail, a unicorn horn, and much more—all of which participate in expressing his unconscious being; a democracy of psychic factions representing thought impressions and associations. All illumination and darkness– fernal, infernal, high consciousness and corporeal underbelly–reside in this realm. In the distance are relatively languid, light clouds, and against the firmament hovers a colossal distant eye peering over the scene and far beyond. This painting possesses underlying genetic traits with previous works such as “Auto-Erotic Sphinx with Toys”, “Dionysus”, and “Fuku-Shiva”. The work serves also as a nod to an earlier period of art inspiration during late teens and early twenties— born out of the nakedness, vulnerability, curiosity, and wonder inherent to coming of age and all subsequent psychedelic revelation.
#90297
By OthersideDeployer
CryptoKitties
Hi-ya! Kitty #226478 here. I'm here to enjoy shakin' dat booty and riding unicorns. Sometimes I daydream of a life full of being a nevernude, lasagna, and playing chess. Maybe you and I can be partners in crime.
The River Plate Machine
Digital illustration for the cover of These Football Times magazine in its issue dedicated to the Argentine football team "Club Atlético River Plate". Original from 2020. For this cover I have created a complex machine that links all the generations and legends of the club with its great shield and emblem crowning the center as the heart of the fantasy machinery. Full of details and ornaments this is a highly detailed work. An authentic trip to the history of River through the imagination and the colors of the club. The most significant titles of the club are also included, such as the Libertadores Cup, the famous Intercontinental and the new Super Liga and the Argentine Cup in its newest cup design. If you see a hen, don't be surprised, it is the nickname that its fans give themselves, and they like it. ----- https://javierarres.com/about.html