Digital Innovation Events

Event program: https://lnkd.in/e8xtHCc5

Some Takeaways

💡To discover NFT artists, follow popular curators on social media, e.g., Twitter, and join the conversations.

💡A key difference between collecting physical vs. digital art is that digital communities are more engaged and artists are in continuous dialogue with followers.

💡NFTs allow transitioning from a linear way of communication to a decentralized way of interaction, which is constantly happening in digital environments, e.g., social media & the metaverse.

💡NFTs also facilitate artists' recognition and business engagement, especially for those who couldn't or had difficulties commercializing their artworks.

💡 When collecting NFTs, start with your personal interest, then develop themes from patterns in your selection, and as it evolves, you can always request the advice of curators, who can guide you to refine your collection and help professionalize the whole process.

💡Currently, there are reservations from legacy institutions, e.g., museums, to use NFTs especially due to tax reasons. However, they will realize that NFTs are part of our history and will soon adopt them. A trustworthy board of directors can speed up and enable the acquisition of NFTs in art institutions.

💡For NFT marketplaces, it is important to make the experience fun, simple, and cheap.

💡NFTs are a nice way to bring art closer to younger generations.

➡ Interesting concept: NFT collectors = 1st class citizens on objects.

Remaining Questions

❓ How are NFT curators different from traditional art curators?

❓What is the value of NFTs for collectors? What do they want to achieve through the purchase & ownership of NFTs?

❓What are other factors influencing NFT art prices besides past listing? Are these factors different from pricing physical artworks? How do social communities influence NFT art prices?

❓Who are the target customers for NFTs? What are they looking for? How can we ease their access to NFTs?

❓How can we democratize art making & art trading through blockchain and NFTs?

❓What are the risks of commercializing art as NFTs? How can we mitigate them?

❓What are the challenges for making NFTs accessible to customers? How can they be solved?

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