Thierry Ehrmann, CEO and Founder of Artmarket.com and its Artprice division: “There is a strong temptation for artists to test the new NFT market driven by rapid growth and offering all sorts of openings such as fashion, music and video games. But this universe is dominated by its own code. You need to be able to build a real digital project. You also need to bring together a community of collectors, create smart contracts, and master the entire process, such as “drops.”“.
Many of these logistic tasks are usually managed by galleries, but so far they have been handled by the artist himself and his team, with varying degrees of success.
Big name of contemporary art
Japanese artist who is good at collaborating with major brands Takashi Murakami Over the past few months, I’ve worked at RTFKT Studios, which was recently acquired by Nike.I felt I was able to learn a lot about the Metaverse from these young people“At the end of. March 2021, Murakami posted 108 flowers on the OpenSea platform, but dropped them a few days later. A new collaboration with RTFKT has allowed him to recreate his work and smart contracts, so he is creating a new drop for Murakami.Flowers.
Urs Fischer We also released the NFT collection in the spring of 2021.Interview with The Wall Street Journal, the owner of his gallery Larry Gagosian Before moving on, he said he would like to take the time to investigate issues with NFT technology. in the meantime, Damien Hirst We have also launched a collection of NFTs called The currency..Follow in the footsteps of Andy Warhol (The eponymous Foundation sold five of his digital works in the form of NFTs through Christie’s. May 2021), Damien Hirst He has created 10,000 works on the border of unique and exchangeable investments, questioning the irreplaceable aspects of NFTs. “When art changes and becomes currency, and when currency becomes art“.
A street artist who is already ahead of the game …
Street artists who are accustomed to working with or without gallery support are a little more equipped to navigate the NFT jungle. Most of them adopted pseudonyms and often started working in the shadows in the middle of the night, but their work was discovered only at dawn and then traveled around the world on social networks.this Tricks It has a lot in common with NFT drops.
Portuguese artist Vhils, Famous for his murals created by removing material with fleas and explosives, he clearly demonstrates his mastery of digital code. He is very active on Twitter, Discord and Instagram and already has about 10 collections on the Nifty Gateway platform. Therefore, his short-lived work is given another way to exist in digital space. It is now possible to get a video of his explosion and the resulting “Detritus”.
Reflecting his artistic practice, Vhils also uses one of the NFT-related options known as “writes” to eliminate NFTs from blockchain contracts. “”NFT holders from my previous drops can burn them to replace them with new and unusual ones. This process allows supporters of my work to influence which parts live and which parts perish...
Two other street artists from the Danysz gallery, Fail When Futura 2000I also created a token on the Nifty Gateway platform, as I actually have Shepard Fairey, D *face, Graffiti And even Kenny scharf..
Daniel Arsham Through collaboration with SixN.Five Studios, he quickly realized the potential to extend his universe to the Metaverse.of May 2021They jointly said Bust erosion and modification Rome (1 year): 671 NFT is the introduction price $ 1,500The lowest price for any of these is currently $ 4,900.. Represented by the Perotin Gallery Daniel Arsham Has already created 6 other series of NFTs in more or less rare editions from unique titled pieces. Venus of Arles Erosion and Reform (72.6) In 200 copies called Erosion and modification 356..
One of the most notable suggestions by contemporary artists to get the most out of the NFT market code is Rocket factory..Artist Tom sachsRepresented by the Thaddaeus Ropac Gallery, has invented 1,000 rockets consisting of three parts (nose cone, body and tail assembly). These can be purchased separately and recombined to create a complete rocket. This allows you to “take off”. Three parts will be erased and replaced with a new rocket. On the other hand, the “real” copy is Tom sachs And sent into the air: “The completed rocket NFT, its physical rocket twin (if recovered), and the video recording the launch form Holy Trinity.
Despite the issues surrounding the security of electronic wallet collections and the origin of NFTs on platforms (starting with OpenSea), more and more contemporary artists have a tremendous opportunity to bring all chapters of their work to life with NFT technology. I’m watching. Not previously traded, and to invent new creations in the Metaverse.
Image: https: //imgpublic.artprice.com/img/wp/sites/11/2022/03/image1-Vhils-Delphic.jpg
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