An opinion from Rayan Kassir, Co-founder of digital art publisher From Belgium Witloof – Digital art from a surrealist country.
Art, as Ernst Bloch said, is a “laboratory” within which, starting from a few shards of reality, the contours of what he called the “not yet there” are imagined and shaped.
At the dawn of the 21st century, these shards are digital. They penetrate our lives, organize them, entertain them, sometimes monopolize them, distort them if we abandon ourselves to them and carry germs which will undoubtedly accompany our lives and those of our descendants.
It was therefore inevitable that the digital revolution would lead to a decompartmentalization of art, one of the first controversial expressions of which can be summed up by a three-letter acronym: NFT (for Non Fungible Token).
As a reminder, an NFT is a digital file stored on a blockchain, to which is attached a digital certificate of authenticity. Traditionally, the ownership and authenticity of many assets (works of art, valuables, land titles, etc.) have been controlled by often inefficient digital or paper-based systems that have flaws in the transfer and control.
Today, and although our subject concerns the art market, it is important to clarify that NFTs can have uses for various and varied fields, ranging from art to digital identity identifiers and titles. land.
The invention of NFTs can indeed be applied to a wide range of fields since by using the digital signature scheme specific to blockchains, it becomes easy to verify the authenticity of an asset, by tracing its history and identifying it. different owners, greatly reducing the risk of fraud when transferring assets to new owners.
A silent ideological struggle
Art in its quintessence requires the permanent invention of new techniques, the emergence of new forms, and the consecration of new movements, all of which, at their inception, are opposed, denounced and ridiculed. In this perpetual quest for expansion, art is a tool of emancipation and revolution, the most successful form of which is that capable of offering the best representation of the outside world (Aristotle).
NFTs thus represent a new disruptive social space that overturns codes and forces innovation. As in any movement, change is frightening and leaves room for a multitude of questions for those who struggle to detect opportunities and innovations.
The emergence of the world of artistic NFTs therefore embodies a silent ideological struggle, which years of protectionism and cultural relativism have constantly stifled, thus strangely resembling the birth of the surrealist movement.
For the benefit of artists
For artists, one of the major changes brought to their benefit by NFTs is resale right. How many works have been sold and exchanged without the artists ever benefiting from the economic benefits due to the appreciation of the value of such and such a creation? NFTs provide a solution to this problem by allowing compensation for the artist to cascade with each resale.
At a time of Web 3.0 decentralization, NFTs provide exceptional legal and technical advantages since all transactions are guaranteed by the blockchain and its smart contracts.
In 2021, the NFT market reached a total volume of $44 billion.
This dazzling ability to democratize art, by giving it new visibility with planetary dimensions, widens its horizons and multiplies its scope by reaching a new audience who discovers its codes, designs it and consumes it according to different precepts.
Millions of people are now just a stone’s throw away from unrestricted access to the art and works that touch them. To the delight of our artists.
It is above all in this that NFTs are an opportunity and not a mirage.
We want to thank the writer of this post for this remarkable content
NFTs are the subject of silent ideological battles, yet they are a real opportunity for art
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