NFT Art: A hypetrain or the Latest Paradigm Shift in ART?

Image Credits: Photo by Luis Alfonso Orellana on Unsplash
Figure dans un Fauteuil (Seated Nude, Femme nue assise), oil on canvas, 92.1 × 73 cm,
Pablo Picasso, 1909–10, Figure dans un Fauteuil (Seated Nude, Femme nue assise), oil on canvas, 92.1 × 73 cm, Tate Modern, London; Source: Wikipedia

Definition of Art

Defining art was perhaps the singular most unsolvable problem that fazed intellectuals across the ages.

If one general statement can be made about the art of our times, it is that one by one the old criteria of what a work of art ought to be have been discarded in favor of a dynamic approach in which everything is possible.

Today, NFT art finds resonance among a new generation of artists and enthusiasts.

NFTs change the lens by which we see art

Much like photographic art that relied on the development of photographic plates and later the digital camera, NFT art is also a product of technological innovation.

Beeple’s Everydays: the First 5000 Days, a digital collage of 5000 images developed over a period of 14 years
Beeple’s Everydays: the First 5000 Days, a digital collage of 5000 images developed over a period of 14 years; Source: Wikipedia
One of the 5000 images that comprise the above artwork
One of the 5000 images that comprise the above artwork; Source: Wikipedia
LaMelo Ball NFTs
Image Credits: Playground Studios

“The dynamic nature of Beeple’s art speaks to an emerging paradigm in both art and crypto, where the artist and the buyer are in prolonged conversation — and the transaction is just the start of the deal.”

NFTs have shaken up the art industry

In 2021, Murat Pak’s The Merge was sold for $91.8 million, making it the most expensive NFT ever sold. Certain NFTs are indeed valued high, making many critics question the democratizing aspect of the technology.

So, what do we think?

NFTs have shifted the lens by which we view art, but it hasn’t discarded the past.

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