On Kusama's Day, 7,000 paintings will be auctioned in NFT form| meta-universe

The Japan NFT Cultural Association announced that it will be released for the first time on March 22, the day of "Polka Dot Queen" Kusama Yayoi Day, as her painting "HANDBAG" NFT, the first release will circulate in the market 7,000, including the only image with the same tone as the original and 6999 art filter NFT digital works.

In the trend of artist stardom, if any artist does not enter the NFT, it may be relatively fresh, right?

When a video clip sold for $100,000, a tweet sold for $2.916 million, and a JPG file stitched together from 5,000 pictures fetched a sky-high price of $69.35 million... Once something that sounded bizarre, in just one year's time, has gone from being in the limelight to becoming accustomed to it, and the names of artists we know are increasingly associated with NFTs.

Just like Beeple's "Every Day: The First 5,000 Days" started at $100, the price climbed to $1 million in an hour, and 15 days later dropped at an astonishing speed of $69.35 million, the time in the virtual world is like a transmission, as if you were still talking about it not long ago.

In this wave, works of art are redefined, the rules of trade in works of art are rewritten, and the boundaries of exhibitions become blurred.

"Digital art" has been a buzzword in the art market for some time, but the heat has not diminished. Art has become different and even incredible through technological means.

Conservatives see digital art like the NFT as nothing more than a high-profile gimmick cloaked in art, while optimistic radicals are ecstatic that the "new age of art" will reactivate the entire slow-moving art market.

Everyone's understanding and understanding of digital art is full of contradictions and difficulties, and even questions and arguments. Some say that digital art allows everyone to be artists to create "art" itself, while others say that everything is being discussed except for "art" itself.

However, this uncertainty is precisely where the charm and space of digital art lie. So now that the matter is over, what exactly is left to art by "numbers"?

The "waves" have been running

What is certain is that with each wave in the art world, the way artists are creating art, the way people look at art, and the rules of the art market as a whole will change with it, whether you embrace it or resist it.

Let us briefly review that the development of the Industrial Revolution gave the Impressionists the opportunity to move their creative space outdoors, changing the supply and demand relationship of the art market at that time; the birth of photographic technology in the early 19th century, which led to major changes in the art of painting; at the end of the 19th century, the birth of film art brought new challenges to the art of photography and painting.

Since the 1960s, computer technology has not yet been "a small lotus", but artists have used algorithms to sketch and draw. In the 1990s, in the overall environment of global interconnection, art was influenced by the dual influence of traditional art history and technological history, and began to take on an aesthetic feature of "controlled randomness".

Since the 1990s, the two concepts of "new media art" and "digital art" are often used alternately, and the current NFT that appears in our discussion with high frequency refers to a "non-homogeneous token", which is not a "digital art work in the traditional sense", it is not stored on the computer hard disk or U disk, but the data is encrypted and stored in the blockchain, which ensures that collectors can hold the original work signed by the artist, and have the ownership and copyright of the work. It also makes it possible to trade digital artworks.

Obviously, any development and change in the field of art has never been carried out in isolation, it is closely related to the progress of science and technology and the development of social structure.

When technological development reached the metaverse, under the unique attributes of NFT "non-homogeneity" and "confirmation of authority", each work of art became unique. Then for artists, galleries, auction houses, and collectors in the art industry chain, their respective rules will once again be rewritten.

Artist stardom

The opening of the Internet era, so that more artists directly through the media to be concerned, on the platform to publish their own artworks, with the major brands of co-branding, etc., whether you are familiar with or do not know the artists rely on NFT turnover is not a minority, artists thus get high income, in this regard, the Japanese trend artist Takashi Murakami played very well.

In each resale of NFT artworks, artists can make a profit, and even if the price of the artwork falls, it may still make money. Because each resale income of the work will be calculated according to the proportion and resale price, a part of it will be calculated to belong to the artist, which can be found on the Internet.

In addition, the NFT trading platform uses virtual currency for trading, if the price of art falls, the currency appreciates, the same can get investment profits, of course, vice versa, there will also be a price increase in the art but the currency depreciation. According to a new report Nonfungible.com by NFT Data Corporation, NFT transactions reached $17.6 billion in 2021, up 21,000 percent from $82 million in 2020.

"In the midst of the pandemic, people will be more interested in games, crypto assets and things like that. At this time, people will naturally like those things with wonderful elements, whether cute or sci-fi, which can help them rescue their souls from this cruel reality. And crypto art, which is currently growing with the crypto world, the sci-fi and compatibility of crypto art is driving the rapid development of the NFT field, and Takashi Murakami elaborated his views on NFTs on social platforms.

At the end of December 2021, the 595 notes in musician Ryuichi Sakamoto's classic "Merry Christmas, Mr. Lawrence" were split into 595 NFTs, and three of them were released on the Adam by GMO (NFT trading platform) for a starting price of 100,000 yen (about 5456.8 yuan), and I also tried one excitedly with a participatory attitude. Sure enough, in the process of setting the alarm clock and constantly refreshing the web page, the notes have long been empty, and the popularity of the professor and the heat of the NFT are absolutely expected.

Therefore, the Japan NFT Cultural Association announced that it will be released for the first time as her painting "HANDBAG" NFT on March 22, the day of "Polka Dot Queen" Kusama Yayoi, which will be released for the first time in the market, and the first release will be 7,000 in circulation, including the only image with the same tone as the original work and 6999 art filter NFT digital works.

In fact, this is not Kusama Yayoi's first foray into NFTs, after Shanghai Jiahe auctioned the original kusama Yayoi's "Infinite Net" and NFT, which finally fell for 91.5 million yuan, plus a commission of about 105 million yuan.

From this point of view, it also shows that NFTs need artists to have enough innovation ability, embrace the idea of change and the wrist of commercial operation, for some phenomenal artists who have their own traffic, it seems to be a natural thing to enter the NFT, and for relatively traditional artists, this puts forward higher difficult requirements.

Due to the strict "confirmation of rights", NFTs can completely skip intermediate institutions such as galleries and auction houses directly, and complete transactions with the use of a mouse. Although major auction houses have held many NFT auctions in the past year, in essence, the popularity of NFTs has changed the "just meal" rules of the secondary market.

In the trend of artist stardom, the value of the artist's own IP and his works has become more and more prominent. The NFT decentralized blockchain gene is undoubtedly the catalyst to change all this, when the "mouse" in the hand has gained greater rights, when the use of "cold wallet" or "hot wallet" has become a choice, the change of the art industry as a projection, but also affects the change of science and technology, the spread of culture, the development of business, after all, any development and change is not carried out in isolation.

Conservative relationships have been broken, what is pouring into this gap? In the current situation of changing in seconds, it is difficult to make up your mind, and many things need to be looked back, and retrospective is to better predict.