5.) What opportunities do NFTs represent for artists?
I was very fortunate that my first NFT sold out in less than 30 seconds. An anonymous collector who had been following my work for a while reached out and we spoke about how I would be releasing an NFT, I sent them the link when I had minted the artwork and they bought the full edition. It creates opportunities for collectors to directly engage with your work in their chosen market and also the artists gets 10% (the % is chosen by the artist) of the resales.
I am a multidisciplinary artist, the work I make tends to be video, performance, installation, photography and text so initially I felt that my work would not be placed in NFT market. I don’t necessarily align with the aesthetic of the majority of NFT’s or the NFT’s that have gained the most traction, I am interested in seeing how contemporary art exists on NFT platforms rather than 2-D graphic works made for NFT platforms.