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JOHANNESBURG. — South African artists have embraced new technologies and are selling their works as non-fungible tokens or NFTs.
NFT’s use the same technology as crypto-currencies such as Bitcoin. Many artists are keen to take the opportunity to evolve with the times.
“ . . . I actually think it’s a great opportunity for me to be playing in that sphere. The world is constantly evolving, and there’s a quote I like to reference a lot, were it says: ‘adapt or die’. I’m a very traditional artist, but I realise that if I’m just going to hold on to what I know, the bus is going to miss me,” said South-African artist Fhatuwani Mukheli.
“I think the most amazing thing with this digital space is it makes us compete completely at the same time with everyone in the world. Things used to be slow, you know, trends would start in America and would get to us a year later or two years later. Now we are current, so we are in the future, we are literally the same as any first world country.” When an artist sells an artwork, the buyer receives a verified digital token, which proves the artwork is an original.
The advantage for the artists is that every time the artwork is sold they receive a part of every future sale.
“I think it’s quite exciting for that, and to open the gateways for artists who want to make the change and want to experience the best of the physical and the digital world of art”, saidDan Portat, an artist and founder of The Tree platform through which artists can sell their works. — africanews.com
Online Reporter