What the NFT boom has meant for generative artists, and what it really signifies for the genre’s prospects
In today’s digital age artists have always felt out of space in the modern fast-paced world. To be relevant on social media they need to churn out content on an almost daily basis, or they’ll never have reach. This also means that there is a lot of pressure on artists to be consistent and persistent than ever.
But the good news is that the exclusivity in the art world is returning. NFT or non-fungible tokens are unique pieces of art that do not exist anywhere else. This makes them a one-off piece that can be bought using the various cryptocurrencies.
This means that artists now have a new avenue to explore and potentially earn a lot of money. With major crypto household names already participating in NFT, it is only time before it becomes much more prevalent.
The new emergence of NFT has reignited the hope for many artists who are trying to adapt to the digital world. Anyone who is in the graphic space knows how cut-throat the market is, and they have been trying to find a foothold themselves. This also means that new art forms will be born, and they can take advantage of this.
Artists have already started to switch to NFT and many people have raked in great profits with just one artwork. This makes the blockchain and DeFi movement much more inclusive and how they are also now integrating people from outside the Finance and STEM fields. NFT is going to get more popular as time passes and it is the right time to invest in one right now.