Can art save NFTs?. Some argue that NFTs save… | by Erman Akdogan | October 2022
With the rise of digital art and the popularity of NFTs, the art world is changing. Some claim that NFTs are saving the art world, while others believe that they are destroying it. It’s been three years since the launch of Crypto Kitties, the game that (for better or for worse) put non-fungible tokens, or NFTs, on the map. In that time, we’ve seen a lot of excitement and experimentation around this new technology, but also a fair amount of disillusionment. Some have proclaimed NFTs to be little more than a fad, while others believe they hold great promise but have yet to reach their true potential.
I fall into the latter camp and think NFTs have great potential, but so far we’ve only scratched the surface of what’s possible. For NFTs to really take off, we need to see more high quality art and content being created specifically for this new medium. When it comes to digital art and content, quality has always been important. But it’s even more important with NFTs because there’s so much more riding on them.
With traditional digital art, you can create something just for fun or as a way to express yourself; if it’s popular, great, but if not, no big deal. However, with NFTs, there is a financial incentive to create popular content since you can make money selling your creations. This creates a bit of a chicken-and-egg problem: for artists and creators to be motivated to produce high-quality art for NFTs, there needs to be enough demand for it in the first place. And for there to be demand, quality art must be available. It’s a difficult cycle to break out of, but it’s essential if we want to see NFTs reach their full potential. (Of course, there are different use cases for NFTs, such as utility tokens, etc. But we discuss NFTs for digital art in this article).
So how do we raise the bar when it comes to NFT art and content? More platforms must appear that focus on quality rather than quantity. Right now there are too many platforms that allow anyone and everyone to upload whatever they want without any kind of control process. This causes a lot of low quality art and content to fill the space and makes it difficult for people looking for quality stuff to find what they are looking for.
If we want people to take NFTs seriously as an artistic medium, we need platforms that carefully curate their content and showcase only the best of the best.
It is undeniable that NFT has created a new era of digital art. NFTs are digital assets stored on a blockchain, and they can represent anything from a piece of art to a tweet. Because they are stored on a blockchain, they are unique and cannot be replicated. This uniqueness has made NFTs extremely popular among collectors. In the past, digital art was often seen as inferior to traditional art because it could be easily copied and distributed. With NFTs, digital art can be collected and sold just like any other artwork. NFTs have also enabled artists to monetize their work in new ways. In the past, artists would usually sell their work for a one-time fee. With NFT’s, artists can sell their work for a percentage of the sale price each time the work is sold. This model is similar to the way musicians earn royalties from the sale of their music.
The popularity of NFTs has led to a boom in the digital art market. In recent years, the value of the digital art market has grown from millions to billions of dollars. This growth is expected to continue as more people become aware of NFTs and their potential. However, not everyone is happy with the way NFTs are changing the art world. Some believe that NFTs are making the art world more exclusive. They claim that only those who can afford to buy NFTs will be able to participate in the digital art market. Others believe that NFTs make the art world more superficial. They argue that the focus on art’s monetary value causes people to lose sight of art’s true value. Regardless of the criticism, it is clear that NFT is here to stay. The question is not whether NFTs are good or bad for the art world, but how the art world will adapt to this new technology.
Why is most of the NFT art low quality?
There are a few reasons why NFT art is often of low quality. First, it is important to understand that NFT art is often made by amateur or hobby artists. These artists may not have the same skill level or experience as professional artists, which may result in lower quality art.
Another reason why NFT art is often of low quality is because it is often made quickly and without much thought or planning. This can lead to rushed and sloppy artwork.
Finally, NFT art is often created using simple or basic tools and techniques. This can further reduce the quality of the art.
How to find value in NFT Art
Despite the fact that NFT art is more often of low quality, there are still ways to find value in it. One way is to look for art that has a personal connection to you. This could be art that represents your favorite hobby or interest, or art that reminds you of a special memory.
Another way to find value in NFT art is to look for art that has been created by skilled or accomplished artists. While there may not be much of this art available, it may be worth seeking out.
Finally, you can also find value in NFT art by looking for art that is unique or rare. This can be art that is unique, or art that is not widely available. By looking for art with a personal connection, art created by skilled artists, or art that is unique or rare, you can find NFT art that is valuable to you.
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