Why Art NFTs Are Growing
A lot of people have been wondering why NFT art has been growing at an amazing rate recently. What some are starting to realize is that NFTs help further democratize the art market by allowing new artists and any artists with access to the internet in any country in the world to get their creations to the market and allows other artists and non-artists alike to support artists directly.
Additionally, platforms such as DisruptArt are providing people with more opportunities to easily share their work which encourages more people to exchange Art NFTs.
NFTs As a Vehicle For Positive Change
There is nothing more valuable than human creativity.
While there are debates about NFTs and cryptocurrencies overall that focus on their energy consumption, the economic benefit of being able to support the creative endeavors of artists across mediums is undeniable. One thing I haven’t heard many people talk about is how much good comes from reducing the friction between creativity and commercialization. People also don’t talk about how many creatives are finally able to earn living wages by doing what they love.
No organization has done the calculations or research yet, but I’d like to see a comparison between the electricity and resources being used by the global centralized financial system when compared to decentralized finance and blockchains. Considering there are no physical bank branches that are made with concrete, steel, electricity, and construction machines, I imagine the consumption of energy by the blockchain is much less.