NFTs are the subject of silent ideological struggles, yet they are a real opportunity for art

A statement from Rayan Kassir, co-founder of digital art publisher From Belgium Witloof – Digital art from a surreal country.

Art is, as Ernst Bloch said, a “laboratory” within which, based on a few fragments of reality, the contours of what he called “not yet there” are imagined and shaped.

By the beginning of the 21st century, these shards are digital. They penetrate our lives, organize them, entertain them, sometimes monopolize them, distort them if we surrender to them, and carry bacteria that will undoubtedly accompany our and our descendants’ lives.

It was therefore inevitable that the digital revolution would lead to a decompartmentalization of art if one of the first controversial terms could be summed up with a three-letter acronym: NFT (for Non Fungible Token).

As a reminder, an NFT is a digital file stored on a blockchain to which a digital certificate of authenticity is attached. Traditionally, the ownership and authenticity of many assets (works of art, valuables, titles on land, etc.) have been controlled by often inefficient digital or paper-based systems that have errors in transfer and control.

Today, and although our topic concerns the art market, it is important to clarify that NFTs can have applications for different and varied areas, ranging from art to digital identity identifiers and titles.

In fact, the invention of NFTs can be applied to a wide variety of fields, as by using the digital signature scheme specific to blockchains, it becomes easy to verify the authenticity of an asset by tracing its history and identifying it. different owners, which greatly reduces the risk of fraud by transferring assets to new owners.

A quiet ideological struggle

Art in its quintessence requires the permanent invention of new techniques, the emergence of new forms and the inauguration of new movements, all of which at their beginning are opposed, condemned and ridiculed. In this eternal search for expansion, art is a tool of liberation and revolution, the most successful form of which is the one capable of offering the best representation of the outside world (Aristotle).

NFTs thus represent a new disruptive social space that overturns codes and forces innovation. As in any movement, change is frightening and leaves room for a wide range of questions for those struggling to discover opportunities and innovations.

The emergence of the world of the artistic NFTs therefore embodies a silent ideological struggle, which for years has constantly suffocated protectionism and cultural relativism, and thus strangely resembles the birth of the surrealist movement.

For the benefit of artists

For artists, one of the major changes that NFTs bring to their advantage is resale right. How many works have been sold and exchanged without the artists ever enjoying the economic benefits due to the appreciation of the value of such and such a creation? NFTs provide a solution to this problem by allowing the artist’s compensation to coincide with each resale.

At a time of Web 3.0 decentralization, NFTs provide exceptional legal and technical benefits, as all transactions are guaranteed by blockchain and its smart contracts.

By 2021, the NFT market reached a total volume of $ 44 billion.

This dazzling ability to democratize art by giving it new visibility with planetary dimensions, broadens its horizon and multiplies its reach by reaching a new audience that discovers its codes, designs it, and consumes it in accordance with various precepts.

Millions of people are now just a stone’s throw away from unlimited access to art and the works that touch them. For the benefit of our artists.

It is above all in this that NFTs are an option and not a mirage.

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