The Winklevoss-backed marketplace for non-fungible tokens and digital art Nifty Gateway recorded its largest-valued NFT transaction to-date during an auction two weeks ago.
55 to Pablo Rodriguez-Fraile of the Museum of Crypto Art on Nifty.
"It was my first crypto conference so there was a lot for me to take in. I ended up chatting with David Moore, the CEO of the NFT art marketplace KnownOrigin. He was trying to explain the concept behind NFTs to me."
Jones explores NFTsDespite initially dismissing non-fungible tokens as doomed to fail, the momentum enjoyed by the sector last year prompted Jones to consider creating and selling artworks in the form of NFTs."It was 5 or 6 months after my conversation with David, around September when I began noticing a lot more artists appearing on Crypto Twitter and talking about NFTs and the various marketplaces popping up," said Jones.
"A lot of interest and excitement was developing around the digital art scene and when I saw a few artists selling their work for decent prices I had to admit I was wrong."
NFTs are 'huge part' of art's futureJones' first foray into NFTs comprised a collaborative work composed in partnership with fellow artist Money Alotta called 'EthGirl'.
Equating to roughly $10,080, the auction broke the previous record for the highest-valued artwork sold on SuperRare by 600%.Jones has since created one dozen NFTs over the course of nine months.
"I see NFTs as a huge part of my future and the future of art and the art market in general," he continued.
"As the space grows and more sales like Picasso's Bull occur the traditional art market will eventually catch on to the digital art market revolution."
"The art colleges and artists, commercial galleries and auction houses that don't adapt to the new ways of creating, selling, investing in and displaying art will eventually become obsolete."
Artist Whose NFT Broke Auction Records 'Dismissed' NFTs Initially
Published on Aug 6, 2020
by Cointele | Published on Coinage
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