Curators in the CryptoArt Scene – A Necessary
The role of a curator – a loved yet sometimes hated middleman. Curation in the CryptoArt scene has seen a huge shift in the past one year. Two years ago, a curator, which also implies a middleman of sorts, would have raised many eyebrows, back then the community preferred peer-to-peer relationships over intermediaries.
In the early stage of NFTs, we saw groups form encouraging communities with artists critiquing each other, collaborating on new artwork, or collectors commissioning artists. After all, that is what the space aims to create, a community of autonomous creators, and one of the most remarkable aspects of CryptoArt is the community, with participants coming from diverse and international backgrounds.
But here we are in 2021, and things are looking very different. Each week there are thousands of new artists entering the space and the community is rapidly growing. While many of us want to escape the “old world” structures of the traditional art world and its elitist attitude, it has become clear that without some sort of structure the CryptoArt world will easily become the Wild West.
Curated NFT marketplaces have almost become a necessity with the rise in artists, collectors and tokenized artworks. Without some sort of guidelines to spotlight art pieces, creators and art collections, the number of NFT artworks could easily spiral out of control which would lead to less exposure and value for the artists themselves.
In my own experience, I sold an animated version of one of my Doll series within 24 hours of it being minted in early April on foundation.io. It ended up selling for around 1.210 Ethereum (about $400). What is an Ethereum? Well, that is where this entire thing takes a bit of an exciting turn. Ethereum is a digital currency like Bitcoin, and its value can vary wildly by the hour. So why use digital currency? Even though this is a bit convoluted, I want to explain precisely how this works because a digital currency is at the heart of this entire process.
NFTs can be used to represent items such as photos, videos, audio, and other types of digital files. Access to any copy of the original file, however, is not restricted to the buyer of the NFT.
Understanding Non-Fungible Tokens for Photographers with Scott Detweiler
I am writing this article in early April, and the vast majority of the photography universe has no idea what a non-fungible token is or why it is important. So I will assume this will surprise many of you. It is quite pertinent to our industry, so hold on through this trip down the rabbit hole!
In the digital imagery universe, we are on the cusp of a significant milestone: the circulation and collection of digital originals. That part makes this hard to grasp… We all have the exact same JPG, yet only one of us has what can be considered the actual original.