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I'm a "cryptoartist" one one of the curated NFT platforms. I've always had creative hobbies, and over the years have taken time off of my career to try and make
by twox2 6y ago
I'm a "cryptoartist" one one of the curated NFT platforms. I've always had creative hobbies, and over the years have taken time off of my career to try and make a living from art (LOL impossible). Now this NFT thing comes along, and I start uploading my creations and collectors are buying them. Not life changing money in anyway, I'm a nobody in this space, but let's say a few $K in the last year.
My take is that most of the bigger collectors are probably wealthy folks that have $xsx,xxx - $x,xxx,xxx budgets in "investing" in this emerging economy of NFTs. They are creating the market by collecting. That's all fine, but the really promising piece of all of this is that it acts as a type of "patreon" for artists, especially digital artists.
Not sure I even touched on answering your question, but I think it's great that people of means suddenly have an easy way to support artists far and wide, instead of say buying from a gallery, or buying from the guy you walk by on the street when you're on vacation.
This new space has allowed folks to feel like artists, and some of the more talented people that got attention early have even been able to remove themselves from poverty.
People spend money to buy things for many reasons. I think that anyone collecting NFT art because they are "investing" is walking a dangerous tightrope, but it's a great way to support artists you like, especially if you believe "digital ownership" is something that will be moving forward in our culture.