We turn your physical fine art
into NFT Crypto Art
NFTs – NON-FUNGIBLE TOKENS, are “one-of-a-kind” assets in the digital world that can be bought and sold like any other piece of property, but which have no tangible form of their own.
Digital tokens can be described as certificates of ownership for virtual or physical assets.
Why are NFTs important to the art market?
NFT’s technology allows for a new model of ownership for artists.
The advantages of registering your artwork as an NFT are:
It creates digital scarcity in a world where everything digital can be copied
Enables ownership of digital assets
Ensures authenticity of digital assets
Enables secure trail of ownership from one owner to the other for a secured provenance
Allows for Copyrights to be transferred or shared
NFTs can be purchased and sold peer-to-peer or on dedicated marketplaces online.
To understand if NFT’s will hold future value – you must first look for the following:
Rarity/Celebrity: Is the project highly desirable, limited supply, and or created by a celebrity?
Utility: Does the NFT project have use outside of just being a piece of art?
Uniqueness: Is the art/project unique, or does it follow the same 8-bit formula as those in the past?
NFT’s will undoubtedly exist in the future as the value of holding digital assets continues to gain traction. As seen in 2021, record sales for popular projects like Cyber Punks, advance the overall worth of NFT’s.
NFT’s that have a creator with notoriety will undoubtedly hold value longer term than those without. Further, projects that are utility-driven will be the next wave of NFT’s that are considered valuable. NFT owners can benefit from their digital assets outside of simple ownership; those projects will hold more value to the purchaser and the secondary market.
Whether your collection is made-up of tangible OR digital art – we can assess its market value.
Collecting NFT Artwork
The combination of uniqueness, ownership, gamification, and storytelling is fueling sales of this type of digital collectible among a new generation of collectors and investors.
Collecting digital art differs from classical collecting in some points. While decades ago it was not even conceivable that something non-material, virtual or ephemeral could become an object of collection at all – there are now good opportunities to expand your art collection with digital pieces.
The things to consider when collecting NFT artwork:
When collecting digital art, it is important to deal with the characteristics of different media of new media art. While video art often still has a material carrier, Internet art is usually detached from a real existing medium. Media installations, for example, often follow a strict structure and usually consist of very different components such as video and sound recordings, but also written instructions for construction or reception.
Unlike a painting painted on a canvas or a sculpture carved out of stone, digital art is usually ephemeral or virtual. Delivering digital art after it has been purchased is therefore somewhat different from what is done with traditional media. To be able to collect digital art and thus own it, it is usually materialized and stored on a USB stick or hard disk, for example, and thus actually delivered. This has one advantage: digital art is more space-saving than some other art. Another possibility is that a work of art can be sent virtually. More and more platforms such as Sedition are offering a digital interface for collecting digital art. On these platforms, collectors can buy digital art but also store it. This has a practical advantage: they can access their art at any time and from anywhere. At Sedition, collectors can find exclusive artworks by Yoko Ono, the light art of artist Tracey Emin that is sold in a digital version at Sedition as well as many different other artists.
Collecting art is interesting for many people not only as a good investment or out of a passion for art, but also because of its uniqueness, which in turn strongly influences the value of art. Digital artwork, on the other hand, is a product of the “age of technical reproducibility” as Walter Benjamin described it in his famous essay as early as 1935. Digital art or New Media art is reproducible and can usually be theoretically multiplied infinitely.
In order to make their works more exclusive, artists therefore often make only one copy of their artwork or a certain edition.
Digital art – and this is particularly true of Internet art based on programmed code – is generally easier to forge than other art. Quite apart from the fact that, despite a limited edition, pirated copies can also be circulated, which are often very easy to produce. An original is often difficult to recognize in New Media Art. It is difficult to determine the provenance of a digital work of art. This makes it all the more important to ensure that a certificate of authenticity is obtained when collecting digital art. Without such a certificate the resale of a work of art could be difficult.
Check Technical Requirements
While an art collector for a purchased painting needs at most a free wall to enjoy the work of art, collectors of new media art should definitely pay attention to the technical requirements needed to view the art. Often only a simple screen is needed to play a video, but sometimes a special performance of a TV or monitor is needed to play a certain resolution. In addition, artists often have a precise idea of how and with which device their works of art should be presented. This is especially crucial for museums and galleries that present art to the public and concerns mainly multi-media art.
Preserving Digital Art
Buying digital artwork is one thing, preserving them is quite another, and is also very different from preserving traditional art. These two processes are essential for collectors of digital art: refreshing and migration.
Just like canvas, paper, and paint, digital works of art and their storage media are also subject to an aging process. It is therefore important that collectors of new media art back up their works of art on a new medium from time to time. This is where digital art has a decisive advantage over classical art forms: It is comparatively easy to preserve, it is fast and inexpensive. Depending on the contractual conditions, a backup copy can also save from an undesired loss of a work of art.
Digital artwork is subject to rapid technological change. So it may be that you buy a work of art today whose format will be so outdated in a few years that it will no longer be readable on conventional devices. In order to preserve artworks in a way that they can still be viewed in the future, they must always be converted into a readable format. This process is called migration.