Demystifying NFTs, and why is it a mystery on the first place?
The concept of NFT as a relatively new phenomenon despite its inception in 2014, when Kevin McCoy first ‘minted’ his #NFT Quantum in collaboration with a programer Anil Dash in 2014. The concept behind it was to protect digital art reproduced on the web without credit or attribution. It came to the forefront of the art world and hit the radar of the general public after Beeple’s NFT “EVERYDAYS: THE FIRST 5000 DAYS,” was sold at the Christie’s for the eye watering $69,346,250. On the Crysties’ website it was claimed that the work is “first purely digital artwork (NFT) ever offered at Christie’s”. Perhaps Beeple’s Everydays: EVERYDAYS: THE FIRST 5000 DAYS, […] ever offered at Christie’s, but equaling “purely digital artwork” to NFT (in parentheses) was truly misleading.
Still from Quantum, Kevin McCoy
What is digital artwork, and how is it different form NFT? Which artists are interested in producing NFTs, and what are their reasons? How NFT can be a record of any artwork and not only “purely digital” artwork, and what value NFT world carry in connection to the art world? What does the concept of NFT adds to the concept of art, contemporary as well as traditional?
Still from Love Letters, Petre Kaltenbach
These and other questions, EphemerEye is set to ask while talking with artists and industry experts, as we are starting the interview series entitled “Demystifying NFTs, and why is it a mystery on the first place?”
Still from Prehistoric | Art Novo, Terry Flaxton (View in Makerplace)
First interview is to be announced shortly.