Nonetheless, even if they are just one more medium in a field saturated with mediums, NFTs do have the potential to change the abstract art field, if only by normalizing the ability of people to value something they do not understand. NFT stands for a non-fungible token, which means that hidden in those quirky artworks, there’s a unique and non-interchangeable unit of data stored on a digital ledger using blockchain technology to establish proof of ownership.
What is the main idea of abstract art?
The main purpose of abstraction in art is not to tell a story, but to encourage involvement and imagination. This art form has as its main objective to provide viewers with an intangible and emotional experience, being completely different for each individual, depending on their personality and mood.
Abstract art means to depict a subject using something that we may not sense through touch, taste, sight, hearing, or smell. As a definition, abstract art is the 20th-century movement characterized by the reduction of natural appearances into simplified forms; for example, constructing art based on geometric shapes or intuitive gestures. Abstract art does not depict a person, place, or thing in the natural world or make any visual references. It is very important to mention that abstract artists do not deal with figurative interpretation. Stylistically, abstract art included the movements of Surrealism, Dadaism, Cubism, and Fauvism.
Can anyone Turn their Digital Art Piece Into An NFT?
Assuming you know what conceptually an NFT is by definition, the short answer is yes. Physical artworks can be minted and sold online as NFTs as NFT physical art makes the non-fungible market ever more accessible to artists in all creative disciplines.
NFTs are altering artists’ lives for the better by connecting physical works with impossible-to-pirate digital versions. They offer creators more control, a wider scene, and more effective options for turning their art into a career. NFTs (non-fungible tokens) are unique digital assets. So, since they need to be digital, can physical art be turned into NFTs?
Linking physical art to NFTs does have its disadvantages that buyers and sellers should be aware of before finalizing any sale.
For example, if an artist creates a physical painting and then sells the digital print as an NFT, they could also sell the physical copy to another buyer, unauthenticated without the NFT.
Conceptually, the ” value ” aspect is directly proportional to “rarity.”
The more unique and intriguing your NFT is, the more chance it can sell for exponential amounts. For this, there are three potential ways to increase the value of your physical art and NFT.
1. Tokenize your artwork and destroy the original piece.
Passionate artists might find this method very unpleasant, but an NFT can never be unique as long as a physical version exists. One way is to destroy the physical version once you have listed the artwork as an NFT. By doing this, you can also set the price of the NFT much higher.
2. Send the physical art to your buyer as a beneficiary with the NFT.
In general, quoting a high price to the NFT and sending the artwork to the buyer (if the format permits this) as customary helps sell the physical artwork and provide the buyer with an additional gift for their NFT purchase.
3. Tokenize a code within a microchip and put it inside your artwork.
You can tokenize a little code, message, or anything and place it inside a microchip anywhere in your artwork and sell it as an NFT. It’s a fresh idea and can also help maintain the credibility of the physical artwork among the viewers. Fun fact, in this way, you can also keep track of the location of your art and foresee potential felonious activities.
So what is it? How is it different?
The goal here is to create a different mindset. A mindset that doesn’t revolve around an immediate flip. A mindset that doesn’t revolve around money at the core. A mindset that doesn’t create resentment or fear in downtime. It’s about setting proper expectations and working with integrity. There will always be a place for flipping and doing those behaviours in NFTs; it’s life-changing for many but let’s program a new channel. It’s not this or that, it can be this and that.
What is The Abstract about?
Goal with the abstracts is to
A) change the mindset of users.
B) connect people to their avatar projects in a new way by creating art they resonate with and adding it as their background.
C) Providing in real-life prints and canvases to display.
D) Provide as much value back through presale raffles and community building
We been a part of NFTs since March 2019 which really isn’t that long, but in this era of NFTs, it’s almost as long as you can be around. we’ve experienced a decent amount in that time. we will continue to be in this space and learn, and make connections. As we gain value ourself, it’s our absolute goal to share it with holders of the abstract.
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