SPALENKA EYE

NFTs are generally one of a kind, or at least one of a very limited run, and have unique identifying codes. Think of it as a limited edition print that is digital, not on paper. However, there are different types- Multi-Edition NFTs, 1/1 NFTs, Generative Collections, Autonomous NFTs, Dynamic NFTs, Music NFTs.

So they can be one of kind pieces or variations on a theme. Some of the art and music can evolve over time so it is never the same from the time you bought it! 

Purchasing an NFT allows the buyer to own the original item. It contains built-in authentication, which serves as proof of ownership. Sometimes, collectors value “digital bragging rights” almost more than the item itself!The artist known as “Beeple,” crafted a composite of 5,000 daily drawings to create perhaps the most famous NFT of 2021, “EVERYDAYS: The First 5000 Days,” which sold at Christie’s for a record-breaking $69.3 million.

Award-winning rapper, Snoop Dogg has been a part of NFTs with his music for years. One of his first NFT collections called “Journey of the Dogg” saw one token sell at auction for over $100,000. He plans to turn Death Row Records, a record label that he acquired from Blackstone into an “NFT label."

Even TIME magazine released five NFT collections. TIME has made over $10 million in profit from its NFTs alone revitalizing its analog brand.

NFT collectors are mainly men and in the younger age groups. However this dynamic is always changing. The bottom line is that the NFT market is not going away and will only get larger and more sophisticated along with its collectors.

One of the goals of some NFT artists is creating a community around their brand. Some have chat rooms and offer buyers in their club access to specific experiences or perks. 

NFT Marketplaces

OpenSea and SuperRare are two marketplaces known for art and music. There are others and more opening all the time. Some are more specific, for instance, Pianity focuses on music. 

Here is a list of some of the best NFT Marketplaces for different categories.

I feel that NFTs will become an invaluable resource for art career sustainability and also offer collectors and patrons more options to support their favorite artists. NFTs can be an investment which I will write about in the next post.

I will be dropping my NFT in collaboration with the singer song/writer SEAY on OpenSea. Stay tuned!

Here is an article from Forbes that gives a pretty good overview if you want to dive in more.

Matisse. Hard/soft pastels on Strathmore Drawing Paper. Click on the image to watch the video creation. See the final art HERE. 

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I just starting teaching my online classes via ZOOM!

The courses range from graphite/charcoal techniques to painting techniques with an emphasis on experimentation. A class dedicated to conceptual art will be offered, as well illustration and concept design classes for film and games.

The courses are for artists with medium to advanced skills who want to experiment with materials and take their talent to the next level.