Being an artist in the times of crypto
To become a professional artist in the Web3 era is not an easy task, but it may be the only one that needs to be accomplished in order to achieve this goal
As an artist, I am conscious about the importance to stay up-to-date with the latest technologies and trends in order to remain relevant and competitive in today's digital landscape. One such trend that has been gaining significant attention in recent years is the rise of cryptocurrencies, web3 technologies and fintech. These technologies have the potential to revolutionize the way artists we do business and monetize our work, and there are several ways in which artists can leverage them to make a career. Also, artists using crypto and blockchain technologies can be beneficial for a fairer global art industry in several ways. For example, by accepting cryptocurrency payments for their work, artists can tap into a global and unknown markets and potentially reach new audiences who may not have been able to access their work otherwise. This can help to level the playing field for artists who may have previously been limited by geographic or economic barriers.
In addition, the use of blockchain technology can help to increase transparency and reduce the risk of fraud in the art market. By providing a secure and permanent record of ownership and provenance, blockchain technology can help to reduce the incidence of fake or stolen artworks being sold. This can help to protect both artists and collectors and create a more fair and trustworthy market for art.
Let’s take a look to some basics on how to act in those scenarios:
First of all, embrace the landscape and do not ignore new technologies. Artists need to accept cryptocurrency payments for their work. This can be done through the use of digital wallets and payment gateways that allow for easy and secure transactions. Some platforms, such as OpenSea, Rarible and KnownOrigin, specialize in selling digital art and collectibles using cryptocurrency.
Another way for artists to make a career in the world of crypto is to create and sell non-fungible tokens (NFTs), unique digital assets that are stored on a blockchain and can represent ownership of a specific piece of art or other collectible item. By creating and selling NFTs, artists can not only monetize their work but also provide their collectors with a verifiable and secure ownership record. NFTs have become particularly popular in the art world, with some high-profile artists selling NFTs for millions of dollars, however everything that glitters is not gold. Again, the key factor is not a particular product but include new technologies in your daily works or strategies. The use of non-fungible tokens (NFTs) can allow artists to monetize their work in new and innovative ways, potentially increasing the value of their art and helping to create a more equitable art market.
Web3 technologies, such as decentralized applications (DApps), can also provide new opportunities for artists to monetize their work. DApps are applications that are built on decentralized networks, such as Ethereum, and are not controlled by any single entity. A good example of DApp is KnownOrigin, a marketplace for buying and selling digital art. This allows for greater security and transparency in transactions, as well as the ability to create and sell digital assets.
Fintech, or financial technology, is another area that has been massively disrupting traditional financial systems and providing new opportunities for artists. Fintech platforms, such as Patreon and Ko-fi, allow artists to set up recurring payments or accept one-time donations from their fans and supporters. These platforms can be particularly useful for artists who want to monetize their work through a subscription model or rely on the support of their community to fund their projects. However, keep in mind these two words: Gateway Payments.
In summary, there are many ways for artists to make a career in the world of crypto, web3 and fintech. By accepting cryptocurrency payments, creating and selling NFTs, leveraging web3 technologies, and using fintech platforms or solutions, artists can tap and adapt into new markets and monetize their work in innovative ways.
In addition, the use of blockchain technology can help artists to better track and manage their intellectual property, as it provides a secure and transparent record of ownership.
Overall, these technologies have the potential to streamline many aspects of an artist's professional life and provide new opportunities to be stablished as a professional, help monetization and incentive growth.
The adoption of crypto and blockchain technologies by artists can help to create a more fair and equitable global art industry.
From old tested methods to new uncertain cliffs
In the past, a masterpiece was typically considered to be a work of art or other creative product that was created by a single individual artist. This could be a painting, sculpture, novel or other form of artistic expression that was the result of the vision and talent of a single person.
However, in the present, we are starting to see the emergence of new types of masterpieces that are created by a collective of creators, rather than a single individual. This, in a sense, obey us to rethink the definition of artist. The new scenario includes things like video games and other interactive media, which are often the result of the collaboration and teamwork of many different people, including designers, programmers, illustrators, 3D sculptors and other professionals.
Another example of a collective masterpiece is an algorithm or other form of artificial intelligence (AI). While AI algorithms are often created by a team of developers and researchers, the final product is the result of the combined efforts and expertise of the entire team. In this way, an AI algorithm can be considered a collective masterpiece, as it is the result of the collective knowledge and skills of many different individuals.
The traditional ways of creating and selling art by individual artists, such as exhibiting in galleries and selling through art dealers, have long been the dominant model in the art world. However, with the emergence of new technologies and platforms, we are starting to see the emergence of alternative ways of creating and distributing art that are more community-driven and decentralized.
One such example is the use of video games and software as a platform for creating and distributing art. Games and software have the unique ability to allow artists to create immersive and interactive experiences for their audience, and many artists are using this as an opportunity to push the boundaries of traditional art forms. For example, artists are creating custom skins and other types of digital assets for popular games like Fortnite and Minecraft, and using platforms like Steam and itch.io to sell and distribute these assets to a global audience.
Another way that traditional models of creating and selling art are being displaced is through the emergence of the ownership economy. In this model, artists are able to create and sell digital assets that represent ownership of a piece of art or other form of media. These assets, known as non-fungible tokens (NFTs), are unique and cannot be exchanged for other tokens or assets on a one-to-one basis, allowing artists to have complete control over their creations and the way they are distributed.
The use of these decentralized technologies is also enabling the creation of new types of art communities, where artists can collaborate and share resources in a more decentralized and equitable way.
Overall, it is clear that traditional ways of creating and selling art by individual artists are being displaced by new, more community-driven and decentralized models. Whether it is through the use of video games and software as a platform for creating and distributing art, or the emergence of the ownership economy enabled by NFTs and other decentralized technologies, it is clear that the art world is undergoing a transformation that is likely to have a significant impact on the way art is created and consumed in the future.
See you next time