It’s all the art world is talking about these days: NFTs. Are they here to stay? Will they disrupt the art world for good ? What about the environmental impact?
Or is it just another tech bubble?
Beyond the hype, I have come to see the possibilities; the real life applications in the art world and how NFTs can bring about positive changes, for artists, collectors and the art world at large.
Brick-and-mortar galleries specializing in NFT art are popping up all over the United States.
The Uffizi in Florence is now selling NFTs replica of its renaissance masterpieces as a way to raise funds to mitigate the impact of the pandemic. Instead of auctioning off works from their collections to raise funds, museums can now sell NFTs of masterpieces and diversify their source of revenue that way.
Ultimately, it is not solely what NFTs do to digital art that will revolutionize the art world, it is the Non Fungible Token itself, this digital certificate of authenticity (A.k.a. NFT) that provides a unique and clear proof of ownership and its many applications for all kind of art and artists that will.
NFTs can also revolutionize how art collectors track and store data about their art collection.
I strongly believe NFTs are here to stay and as an art advisor, whose mission is to facilitate art sourcing, acquisition and placement for my clients as well as advise on collection management, I feel it is important to be open to new possibilities. Art is as much a reflection of one’s taste as it is a reflection of our times.
I hope you will find in this newsletter art and information that pick you interest. I’d love to hear from you. Let’s talk!
Warmly,
Estelle