The NFT market will explode on the cryptocurrency scene in 2021, with USD 18.5 billion total sales That year, pixelated art such as Bored Ape Yacht Club and CryptoPunks dominated the market at prices that were sometimes astronomical for blockchain-based works.
Hong Kong’s Xperience Digital Art Fair, which kicks off on October 20th and runs through December 6th at the Asia Standard Tower, aims to show that there is more to NFTs than just files and pixels. is. The fair will showcase his NFTs that utilize virtual reality and artificial intelligence, as well as tokens that stream real-time data from the physical world to the digital world.
In the work of digital artist Victor Wong stand by youHong Kong’s landmark Lion Rock, is depicted with weather, cloud cover, tides, and sun and moon positions reflecting real-time data from Hong Kong weather stations.
“I think the most important thing in art is connecting with the audience. How can I express my heart and be in sync with the audience?” Wong said. “We can use technology to create artwork that has depth and can be ever-changing.”
Another animated work by Spanish artist Daniel Canogar displays and reinterprets real-time financial information from major stock indices such as the Dow Jones Industrial Average and Nasdaq, as well as cryptocurrency and foreign exchange market data. programmed to
One of the show’s highlights is artist Jacky Tsai’s 10 years, an immersive art room sold as NFT. The exhibition uses digital projection to display kinetic art by London-based Chinese artist Jackie Tsai, who was named his Artist of the Year.
Tsai also used real-time data with NFT. athena and buddha, displayed as a 3D hologram at the fair. The holographic image switches between representations of the Greek goddess Athena and the Buddhist goddess Guanyin, depending on the real-time exchange rate of the Hong Kong dollar against the euro.
Other featured artists include veterans like Damien Hirst these days set fire 1,000 pieces of artwork he created as a digital art NFT and Beeple who sold the first NFT, first 5000 daysUSD 69 million in 2021.
2021 was a record year for NFT sales, but Digital Art Fair founder and Global Fair Director Jillian Howard spotted 10 famous artists working on Web3 projects at that year’s event. I said I had a hard time with it. Currently, he has 200 submissions from galleries, the NFT project team and artists, with 30 galleries and as part of the exhibition he has 70 artists.
“Not only are more traditional artists entering the NFT, but we also have galleries and new projects to support and nurture artists who want to launch a career in the field,” said Howard.
NFT sales September fell to its lowest level since July 2021 for the fifth straight month, according to NFT aggregator CryptoSlam. I’m in.
“Non-fungible tokens are just certificates, a way to show that you own something, but digital art itself should be more than that,” she said. “At Digital Fair, we want to show and educate people that when they buy an NFT, they need a way to display and enjoy it, and that the quality of the art really matters.”
Additionally, the use of Web3 technology in fine art could help innovate in a market that remains overly traditional, Howard added. “In contrast to 2D painting, digital art can give creators the ability to combine aspects such as music, performance art and technology.”
Art patrons can access the digital works exhibited at the fair via DAFAx.io, a newly launched Web 3.0 digital fine art exchange platform. Last year, the 2021 Digital Art Fair reported that combined NFT and digital fine art sales reached $8.9 million.
Auctioneer Sotheby’s, which has its own NFT marketplace, will also be hosting an Xperience Digital Art Auction online through October 27th, giving exclusive access to select works.
Other art auctioneers are jumping in, including Christie’s opening its first NFT marketplace at the end of September. Contemporary art galleries such as Salto, Opera and Unit London all feature in this space.