Art or not? The absurd irony behind booming NFT art market

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Non-fungible tokens (NFTs) have been all the rage over the past year. If the media is passing by, one thing that has continued to occupy people during the blockade is investing in cryptocurrencies and buying NFTs.

One of the most focused on NFTs is what is labeled as NFT Art. Again, if the media passed by, the ultra-rich abandoned Maserati and Lamborghini and replaced them with boring apes and cryptopunks.

The NFT art market seems to be really booming. But to be precise, what is NFT art? Moreover, does it even constitute art? Opinions are divided on that.

My NFT Art Epiphany

Apparently, I’m not sure about the eligibility of NFT art. Last weekend I was at a party and someone broke the subject of NFT art (it could have been me). Either way, I have the opportunity to dive into the conversation and clarify why NFT artwork (like Beeple’s now-famous work sold for $ 69 million last year) is so popular. Did you think?

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I don’t remember exactly what I said. At that point I was drinking a few glasses of beer. I remember blurring words like “blockchain,” “Bored Ape Yacht Club,” “digital,” and “Beeple.” As I explained with pity, I noticed that the people standing around me nodded their heads and stroked their chin.

I knew that I was talking nonsense even in a half-drunken state. What I didn’t understand was why I made sense to them.

The next day, I pondered what happened. Why, oh, why did I hold a courtroom behind the Irish pub and explain NFT art to fellow party attendees? But more strangely, why did they all listen, as I did in Gettysburg’s speech?

Then it hit me. They didn’t listen to what I was saying. They certainly didn’t understand what I said.My sneak suspicion was that they didn’t want to appear Don’t “get” this latest pop culture trend.

Was this just a microcosm of what’s happening in the world of NFT art?It’s essentially a group of people who just want to get into this latest trend, and everything is scary and can’t be piped out. Oi! What the hell are you talking about? Boring apes? Beeple? Have we all lost our weird hearts?

The world of art can be ridiculous

Of course, this isn’t the first time the world of art has fallen into something totally ridiculous. In 1917, a Frenchman named Marcel Duchan picked up a men’s urinal and called “R. Mutt”. He then submitted a urinal titled “Fountain” to an art exhibition in New York City. There it was considered part of the avant-garde art.

When it comes to art, people can obviously get on board. So why isn’t it NFT art?

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In other words, really. Visit the Bored Ape Yacht Club. A collection of 10,000 unique monkey characters wearing different hats, sunglasses and makeup and wearing different eclectic hairstyles. The current minimum price for the cheapest boring apes is US $ 309,921.81. However, many sell for millions of dollars.

Image source: © Minirhenyx | Megapixl.com

I’m not an art snob, but …

Line up the boring apes with the Leonardo da Vinci’s Mona Lisa or Michelangelo’s vast Sistine Chapel ceiling. No comparison … is there?

Don’t get me wrong. I think boring apes are cool. They are funny little chimpanzees with their own little personality and style. They remind me of a lot of things you would draw inside the cover of your yearbook in 5th grade.

Actually, when I was in the 5th grade of school, many children were painting. Teenage Mutant Ninja Turtles Before their practice book and yearbook. In 1990, the Turtles were a global phenomenon. Four male-sized turtles living in the sewer and dressed as ninjas. They all had different styles and personalities and wore face masks of their own color. When you think about it, they look a lot like boring apes.

Was Ninja Turtles just a timeless NFT? If the first creator of TMNT had painted 10,000 Ninja Turtles in 1990, would they have sold millions at the time? If so, the creators would probably have gone that route instead of creating a manga or a series of manga.

Later, TMNT creators Kevin Eastman and Peter Raphael were, in fact, their favorite Italian Renaissance painters Donatello (Dinikolo di Betbaldi), Michelangelo (Dirod Vicob Onaroti Simoni), Leonardo (Da Vinci) and Raphael (Davinci). Sanzio da Urbino). Perhaps this was a statement that there was no gap between the High Renaissance art and the painting of a six-foot reptile wielding a weapon.

Now, if it is considered art, why shouldn’t the whimsical human creatures of fashion be considered art?

The market determines the price

After all, the debate about whether something is art often doesn’t hinder the sale of itself.

From signed urinals to completely blank canvases, there is something that can be reasonably and objectively categorized into anything. However Art that has been sold at ridiculously high prices.

If people are ready to scatter for that, as in the case of a particular NFT project, it’s certainly a way to classify them as art.

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When it comes to NFTs, this is just a new way to present and work with art. Owners now keep their artwork in crypto wallets instead of holding tangible canvases.

Anyway, this new media shows no signs of slowing down in the near future, which is probably great for artists.

((((Disclaimer: The opinions expressed in this article are those of the author and do not reflect the opinions or views of the organization. )

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