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NFT and the art market: How digital, blockchain, and new materials are being used to sell works

Posted on December 3, 2022 by admin

NFTs (non-fungible symbol) e the art worldWho are the champions of this innovative market and what do companies wanting to explore the Earth need to know?

marking Fifty-ninth Venice International ExhibitionLake City was full of exhibitions, temporary exhibitions and side events in the main pavilions of the Biennale. Also in this edition, the European Cultural Center does not disappoint with the exhibition “Personal Structures: Reflections”, which was held in the Palazzo Mora, the Bimbo Palace and the Marinarisa Gardens.

In particular the Palazzo Mora can be visited Until November 27, 2022 “NFT Art Biennale“, part of a larger “Reflections” dedicated entirely to digital art.

Here is an in-depth look at how NFTs work in art.

NFT ART BIENNALE CHAMPIONS

Superchief Gallery NFT: The world’s first digital art gallery

Founded in 2012 by Edward Zybko and Bill Donleavy in New York, the goal of the Brooklyn Independent Gallery is to support underground artists and take them to a global level. In the 2016 Superchief opens its first digital art gallery in SohoNew York, to create a space entirely dedicated to original digital artists with hopes of adding digital art to the legitimate media platform with more classic genres such as painting, sculpture, and architecture.

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On March 25, 2021, Superchief Gallery NFT officially opened its doors to the public, and it became The first digital art gallery to have a physical location.

Superchief is participating in the Venice exhibition with “Membrana,” by Aaron Sanchez-Paranda, an abstract representation of the biological tissues and physiology of life and “Asunder Culture,” a body of work built on the binomial anxiety/euphoria regarding world cultures and the extent of technology Evolution destroys historically unified power relations.

Art Blocks: The platform that generates artwork on demand based on an algorithm

Founded in 2020 by Eric Calderón, current CEO, Art Blocks is a platform that creates artwork on demand from an algorithm.

Art Blocks curates projects with some of the most creative digital artists of the moment. The platform connects the writing of the code with the Ethereum blockchain To create a new business creation and ownership model.

The relationship between artists and collectors is interesting: collectors are actively involved in realizing the artist’s vision by generating unique works of art through algorithms. A symbiotic relationship and shared experience is the foundation of Art Blocks’ dynamic community. Generative Art Idea mediates communication between artists and buyers using an algorithm: Buyers choose the algorithm that interests them the most on the ArtBlocks website based on the tokens generated by the same algorithm that acts as the bid and decides to “mint” a block that will be similar in style and undergo simulations but has never been generated before. And without knowing the exact end result. The blockchain, in this case Ethereum, has memory for both the algorithm and the process that led to the final work, ensuring ownership and uniqueness of the work.

The algorithms are proposed by artists who joined Art Blocks and who decide how many works can be minted by each algorithm. Starting with the first work minted in 2020, originArt Blocks has come a long way. Path teacher is The 19 works were sold by Sotheby’s, one of the most influential auction houses in the world, for a profit of $81,000.

to Venice He shares works inspired by still life and landscape painting by Sarah E. Ridgley mpkoz (Michael Kozlowski).

Bright moments and the chance to coin your own NFT artwork

Founded in March 2021 by Seth Goldstein In Venice, California, at the start a central entity on the chain; As of January 2022, it is a DAO (Decentralized Autonomous Organization) with over 10,000 NFTs spread across the world. Their mission is to educate, encourage and connect entire communities located in different parts of the world through intangible experiences.

on their 10-stop world tour (currently Galaxy, Venice Beach, New York, Berlin, London, and Mexico City) Possibility for visitors to create their own NFT artworkwhose blockchain reference is ArtBlocks.

Visitors to the physical Bright Moments exhibition in each city You will be able to mint CryptoCitizen. Depending on which city I live in, it would be CryptoNewYorker, CryptoVenetian, etc., ie Limited number of algorithm-generated digital artworks inspired by real locals. In addition to ownership of the work, buyers will have encrypted or “crypto-nationality,” allowing them exclusive access to certain select events.

Art, NFT, Obscura DAO and NFT for the world of photography

It is a photography organization whose goal is to create a community that drives photographers to implement their projects through funding from external commissions. With blockchain technology and NFTs, Obscura DAO wants to secure commissions, mentoring, grants, partnerships and trainings. For artists and organizations working in the NFT imaging space.

Founded in 2021 by Alejandro Cartagena, Tony Herrera, and Cooper Ray, Obscura DAO empowers photographers to pursue their creative endeavors with native NFT photography production.

From jute to pixels, the evolution of digital paintings

To provide props that show digital photos and videos Infinite whimsy and beings. fancywith its digital panels created from glass, aluminum, and silicone, aims to create a unique visual experience by allowing the viewer to build a composition of images, NFTs, and applications, which can be displayed in a single canvas or in a series of horizontally adjacent panels, arranged as if they were to create a board.

infinite objects Instead, I specialized in publishing video to digital boards, which are not used in this way only to reproduce still images.

Rights guaranteed by artists’ digital works

The physical art market often ignores the needs of artists, relegating them to the background: for example, only the first sale to a collector generates a profit for artists, while secondary sales are not recognised. While that, In the world of NFTs, artists continue to earn a percentage each time the business changes hands. This is a great way to allow for economic sustainability starting with your business.

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