As the ecosystem consolidates, the cliché in tech circles is that the emerging crypto economy is in a “Builder’s Market.” Tech founders, as well as artists creating NFTs, are taking a step back to reassess their projects, while examining how their creations fit into network architecture. For all its shortcomings iterated in the previous market cycle, NFTs have the potential to offer incredible value to artists – from fractionalized ownership (such as Particle’s decision to tokenize a Banksy painting) to integration into live experiences. There will also likely be a continued explosion of the creation of NFTs as digital artwork, hitting platforms like OpenSea at the same velocity as the articles, blog posts, and opinion pieces which have characterized social media and the news industry.
- Are NFTs Rendering Art Meaningless?
Written by Bankerage Published on August 22, 2022