The Digital Art Boom: An Explainer On NFTs, The Latest Crypto Craze, And Predictions For Its Future

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“It’s the birth of a new kind of system.”

“With the Beeple drop, we realized this market was really gaining momentum,” says Boucher, for whom the long-term investment of NFTs is something called the metaverse: “the ability to be interoperable between virtual platforms,” he says. Yes, there’s the collecting and fandom element of NFTs, and, yes, the authorship transparency, too; but there is also a question of joining virtual worlds, or even the real world with the virtual world, which might sound mind-boggling.

“I can tell you this will happen this year, somebody will get a mortgage for a house with an NFT as collateral.”, agrees: “Because it’s the birth of a new kind of system.” He says the studio has always operated as though it’s 2030 — as a medium, NFTs will be everywhere, from concert tickets to buying land, which you can already do on platforms likeand being used to buying and selling skins.

“There’s always been recognition and respect for the craft and for the art, but it’s always been for the fact we do it for the love of it,” says the digital artist, who has been creating digital work for the past six years or so and who is known for his sweeping landscapes or, as he describes them, “mind’s eye” visuals. “It’s like you close your eyes and that’s kind of what you see.” Infinite.

One that, really, is only limited by the code that is created for it. “Why are we limited to our physical bodies when there are no boundaries to what we could be in the virtual space?” says Boucher. “There’s going to be a lot of virtual worlds being sold as NFTs where you can welcome people to your own universe, you can have a virtual sculpture garden,” predicts Knight. “Humans have a problem with being like, ‘Oh that will never happen.’ ... Like the smartphone. No one ever saw that coming.”

 

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