Anyone interested in art NFTs has several options for familiarizing themselves with the topic. Art marketplace Artprice.com has put together five strategies that future investors can use on the way to their first art NFT purchase.
• Web3 conquers the Art market
• Access to the virtual art world
• 5 Strategies for Getting Familiar with Art NFTs
Artprice.com sees itself as an art marketplace “that brings together all art market players to buy or sell art.” The portal offers extensive databases where art enthusiasts can find out about the art market, current prices and auctions. But art has long been more than physical: Web3 has long since found its way into the art market and offers art fans another way to access the market via art NFTs. Artprice itself wants to take a leading role and has set itself the goal of “becoming the world’s leading NFT platform for fine art.”
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To help newcomers enter this market, Artprice has identified five ways to help art enthusiasts “surf the virtual world” and “acquaint them with the art that moves from one owner to another in the form of NFTs , while the museums MoMA in New York, LACMA in Los Angeles and the Center Pompidou in Paris are opening their own digital art collections.
Use Twitter for research
Artprice cites the use of the short message service Twitter as the first option, the “regular route”. Those interested in art could initially follow the top NFT artists from the Artprice annual reports here, as digital artists often use Twitter to present their art. Twitter, in turn, provides “countless dynamic links to other artists, other works and of course also to collectors, curators and markets” by quoting the respective artist’s posts, the portal writes. You can then follow one link to the next and always discover new artists, new works and get information about new projects in the art sector.
Read articles and interviews
Artprice calls the “path of teaching” the second strategy for familiarizing yourself with art NFTs. The marketplace refers to information that “summarizes the work of the most important artists from the NFT world,” which Artprice itself offers. Currently, there are “only a few media outlets that dare to offer professional art criticism for NFT projects. Such work (art criticism), which is so essential to art history, would undoubtedly provide a more efficient assessment of the approaches of digital artists and their relationships to blockchain technology and the ‘communities’ on which it relies,” the art experts continue. In the future, Krypto-Art will need “space and time for reflection so that the innovative practices on the edge of technology can be analyzed and understood.”
Analysis of the important collections
Dubbed “the prudent path” by Artprice, the third strategy for entering the art NFT market is based on taking a closer look at major art collectors and their collections. This takes advantage of one of the biggest advantages of blockchain: transparency. In this way you can view collections to which individual works belong and discover new works. “Until museums and galleries become active in this universe, key collectors of NFTs still have significant influence, whether through sharing their favorite works on social media, collaborating with artists, exhibiting their collections in virtual worlds or in real ones places,” comments Artprice on this strategy.
Visit Krypto-Art on site
If you want to familiarize yourself with the topic of crypto art, you can also view the digital art directly on site in public institutions, i.e. galleries or museums. A presentation on a large screen sometimes looks better than on a smartphone or laptop, the experts write. In addition, Artprice also points to art fairs as a good opportunity to “experiment with digital art creation under the best possible conditions.” This also gives you the opportunity to meet market players.
Buy an NFT
Purchasing an NFT work is described by Artprice as “the safe route” and fifth strategy in the NFT market. Art enthusiasts who want to familiarize themselves with NFTs have to choose a product in the art segment when purchasing a non-fungible token and also carry out a “fairly unusual transaction”. The prerequisite on many platforms is the creation of a wallet that supports cryptocurrencies. Artprice refers to the experience that NFT buyers gain by purchasing crypto art in the market, as they have to choose between numerous purchase options.
Editorial team finanzen.net