Notes related to NFT

The first metaverse exhibition by a significant art fair will be taking place in Pinta Miami 2022, featuring works from the Ella Fontanals-Cisneros collection and the Museum District of Decentraland.

Although traditional art collecting includes an investment component and a business perspective, it still invokes a sort of romanticism aura that builds around an artist. A classic collector tends to follow an artist's trajectory, supporting his work. The new wave of NFT collectors stand out for not belonging to traditional art environments. Most of them are young aged and have never set foot in a museum or gallery, and therefore prioritize the finance aspect to NFT collecting to the emotional one. Generally, they are folks whose field of expertise is related to fin tech – they come from and drive the crypto world. And yes, they are mainly men.

As a conceptual artist working in the crossroads of art, science, and technology, with a corporate past and a social communications baseline, I am deeply interested in the new digital ecosystem raised by blockchain technology, NFTs and the Metaverse, from a perspective that addresses this realm as a sociological phenomenon, as a new business field, and as another one of the many mediums I utilize to express my ideas.

Collectors, investors and artists are fascinated by the promising profitability of NFTs. The phenomenon exploded with the succulent sale of a digital work by Beeple (Mike Winkelmann) in 2021 and since then it has generated a chain reaction whose consequences are still not entirely clear.

Recently, Richard Garet, a multimedia artist based primarily in New York City, opened a solo exhibition titled “Frame Compositions” with 1stDibs NFT marketplace. The eponymous show exhibits 29 vibrant NFT works and explores the relationship between color, light, surface and form. Garet’s practice encompasses sound installations, performance, computer applications and other mediums. Adhering to strict parameters, he creates compositions by carefully selecting high-definition 1080x1080-pixel square frames one-by-one and then collating 60 per second using computer applications. Because each work contains 1800 frames squeezed into a 30 second time period, the eye can no longer identify individual frames, thus, creating moving images.