During the vibrant Armory Week in New York City, Arthur AI initiated a dialogue regarding the role of NFTs in the evolving landscape of traditional art.
The Armory Show recently concluded its 28th edition at the Javits Center, marking its inaugural post-pandemic showcase with an impressive 100 additional galleries. The art world continues to thrive despite fluctuating markets, finding a way to adapt and grow. NFTs at art fairs —including New York’s own.
As we find ourselves at the close of 2022, emerging patterns are becoming apparent.
Artists and art professionals are increasingly captivated by blockchain technology, with discussions on NFTs and digital realms taking center stage at panels and installations filled with glowing screens. However, when it comes to actual galleries at these fairs, very few take the plunge to exhibit NFTs. metaverse Considering the current landscape, one can't help but wonder how art powered by blockchain will fare in the traditional art world moving forward.
On September 10, Arthur AI organized a panel filled with diverse experts to delve into these questions. Among them were former art dealer and artist Mieke Marple, theVERSEverse founder Sasha Stiles, curator Sofia Garcia, and web3 marketing expert Maritza Yoes. The panel even featured a surprise visit from stone sculptor and crypto artist Hamzat Raheem.
Yoes kicked off the discussion by referencing Urs Fischer’s recent digital art exhibition at Gagosian. Initially hesitant to showcase Fischer’s own NFTs, the prominent gallery eventually recognized their value. Yoes then pointed out that the press release did not mention them. Yoes asked the panelists about their journeys into the NFT space. Stiles shared her story, echoing thoughts from her previous talks. Garcia's background is rooted in traditional art, as she transitioned from working at an art gallery to diving into computer science and later becoming an engineer at JP Morgan. With a longing for creativity, she stumbled upon two artists who utilized code as their medium and exhibited physical versions of their pieces at a small fair, prompting her to book a booth for just $75.
Marple also began her career in fine art, spending five years as a partner at the acclaimed Night Gallery on the West Coast while nurturing her own painting skills. In early 2021, an artist she knew minted an NFT for an earlier piece. Intrigued by the prospect of earning double without extra labor, Marple decided to try it herself that March. NFTs even once.
She successfully sold her work for an astonishing $25,500—significantly higher than her typical painting prices. Since then, Marple has advanced to more intricate projects, like her Medusa series, which reframes the iconic figure as a champion of resilience. SuperRare panel appearance last month .
Raheem shared with the audience that he had always envisioned himself as a stone sculptor since his childhood days, where discovering smooth pebbles was a playful ritual. Growing up in Nigeria, he learned about the unpredictability of electricity through regular power shortages.
Those experiences shape his current view of technology—melding it seamlessly with durable, natural materials such as stone. NFT Raheem accepted payment for his inaugural sculpture in cryptocurrency, highlighting his fascination with alternative monetary systems. He articulated during the panel, \"The intersection of art and technology fundamentally lies in finance,\" adding that gatekeeping in the art world remains a significant issue, despite the sector's push for decentralization.
A visitor at the Armory Show engages with one of the scarce digital artworks displayed at the event. Photo courtesy of Vittoria Benzine. generative art projects While studying in Japan, Raheem began 3D scanning his sculptures, only to later destroy the originals and sell those digital records. He also experimented with 'creative archaeology,' burying his stones during a metaverse festival for attendees to uncover. His experience taught him that he needed to enhance his hiding skills; many of the relics were found almost instantly.
During a panel at SuperRare in August, Stiles discussed strategies to involve writers in the Web3 sphere. Shifting gears, Yoes queried the panelists on ways to encourage collectors to invest in NFTs. The merging of the digital and physical realms—termed URL to IRL and back to URL—was a recurring theme.
Stiles highlighted that displaying her poetry NFTs in person at SuperRare's Soho location generates newfound interest among potential collectors.
Marple acknowledged that the security issues and unpredictability of the cryptocurrency market present significant hurdles to broad acceptance of NFTs, even as that volatility can be appealing to a niche audience. ETH Garcia pointed out that the very concept of a collector is evolving as they adapt their financial strategies. Yet, in certain instances, combining physical and digital components may complicate matters. For instance, how can a DAO effectively divide a physical artwork that is tied to an NFT? The logistics of art handling can also be costly—where would such pieces even be stored?
Raheem reflected on the potential of individual tokens allowing personal growth, transitioning logically from platforms like Patreon and GoFundMe, enabling direct support for inspiring creatives. He expressed interest in acquiring Sasha token.
At the conclusion, the discussion was opened to questions from the audience, which proved to be a fascinating aspect as it revealed the attendees' curiosities. One participant inquired about the role of generative art tools within the blockchain framework and whether the actual prompts could themselves be categorized as NFTs. It might still be premature to answer definitively, as some critics argue that blockchain technology mainly serves as a monetary vehicle for digital assets that could otherwise be open source. phygital activities As a writer in the art realm, I found myself intrigued by what the panelists would say about blockchain functioning as a medium in its own right. Marple articulated a compelling insight—\"This represents the essence of being a contemporary artist. You're engaging with the reality of our world and reflecting it through your own unique lens.\"
The intersection of art and technology is inherently tied to our shared experience.
This year, the Armory Show coincided with a resurgence in the city's creative sectors following a summer filled with travel to exotic locales or relaxation in the Hamptons. Some of us were fortunate enough to enjoy both experiences. DAOs add crypto art assets Our latest NFO print release features each physical print cryptographically connected to an NFT, enabling dynamic tracking of provenance, resale history, and royalties on the secondary market.
Utilizing Moab Entrada paper embedded with NFO technology.
Garcia’s most inspired by the rise of specialized NFT platforms During the festivities, attendees pondered the connections between NFTs and high fashion, provoking discussions about the true essence of NFTs. Other audience members contributed insights about existing projects, such as those from sLabs, that utilize chips to document physical assets on blockchain ledgers.
What began as a panel discussion evolved into a lively conversation that engaged the entire room—an ideal conclusion for such an event. Notably absent from the dialogue, however, was the fact that Arthur AI offers its technology using the NFO chip, which securely links physical items to blockchain tokens, allowing for provenance tracking, authenticity verification, and seamless transactions via a simple scan of the embedded chip with a mobile device. DALL-E With branding as 'Your AI Art Advisor,' the company exudes strong Web3 energy but does not function like the specialized NFT platforms discussed by Garcia. Instead, it acts as an aggregator that analyzes collectors' preferences, providing them with personalized 'crates' of art options—including NFTs and traditional canvases—reflecting the transitional phase the fine art world is currently navigating as it learns to blend online and offline experiences.
SuperRare featured a panel discussion titled 'A Space Odyssey,' focusing on decentralized curation hosted in SoHo. Blockchain The 15th edition of Art Dubai has embraced the rise of digital art and NFTs.
The potential impact of sentient AI on our future is compelling. New York Fashion Week Please be aware that the information contained within this page isn't meant to serve as legal, tax, investment, financial, or any other type of professional advice. It's crucial only to invest what you can financially manage to lose and to seek independent financial counsel if you have uncertainties. For comprehensive details, we recommend reviewing the terms and conditions along with the assistance pages provided by the relevant issuer or advertiser. MetaversePost strives for precise and impartial reporting, but market conditions can fluctuate without prior notice.
An audience member in town from Los Angeles Omniston is tackling the issue of DeFi fragmentation by enhancing liquidity on the TON blockchain. Americana Vanilla has launched a groundbreaking 10,000x leverage Super Perpetuals product on the BNB Chain.
During the recent Armory Week in New York City, Arthur AI initiated a discussion on the integration of NFTs within the future landscape of traditional art, as reported by Metaverse Post. pinned Tweet reads.
The panelists have kicked off this engaging dialogue. The image by Vittoria Benzine captures the moment. The Armory Show has celebrated its 28th year recently, marking its second gathering at the Javits Center. AI tool Arthur AI raised the essential question of how NFTs will influence the trajectory of traditional art during New York City's Armory Week.
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