This week’s featured collector is BlockNoob
BlockNoob has an eclectic NFT collection featuring a mix of striking, surreal and quirky images. Check it out at at lazy.com/blocknoob
The results of last week’s poll: Which of these art styles would you most like to see represented in an NFT collection?
Last week’s poll was a bit playful. We wanted to know which artistic style Lazy users would most like to see as an NFT. The results were surprising: Japanese woodblock prints and Aboriginal Australian dot painting garnered a combined 63% of the vote! Any aspiring NFT artists out there skilled in those styles? Apparently there is some demand.
What the past tells us about the future of NFTs
This insightful article by Kate Voss explores the historical evolution of art collecting and its relationship to broader societal, cultural, and technological changes. Voss argues that the emergence of NFTs and memecoin culture is a significant shift in the art world, reflecting the democratization of art. She draws a compelling parallel between the initial dismissal and later recognition of street art in the ’80s and the current state of NFTs and meme art, suggesting that they should not be underestimated.
The article suggests that memecoins and meme art may eventually be recognized as culturally significant phenomena, embodying the distinctive fusion of internet culture, financial speculation, and community-driven movements characteristic of the early 21st century.
Emphasizing the importance of acknowledging the unpredictability of the market and the evolution of taste, Voss encourages NFT collectors to embrace emerging tendencies and take action either to adapt or capitalize on new trends.
Read the full op-ed at NFTNow.
Will the NFT market recover?
The SCMP has a thought-provoking article on the rise and fall of the NFT mania of 2021, exploring the factors that contributed to its initial success and subsequent decline.
The author draws insights from Dr. Patrice Poujol, a Web3 expert who believes that greed and oversaturation have stifled the potential of NFTs to create vibrant ecosystems in various forms of art. Poujol argues that the rise of AI art has led to an oversaturated digital-art NFT marketplace, making it challenging for individual artists to stand out. He also points out that the most successful NFT projects, such as “Bored Ape Yacht Club,” relied more on appealing branding and prestige than on the artistic merit of the easily reproducible two-dimensional sprites.
Despite the challenges faced by the NFT market, the author remains optimistic about the potential of NFTs and Web3 technology. He believes that the crypto crash has weeded out scammers and hype, leaving behind real projects and artists committed to the long-term success of NFTs. As the market matures, there is hope that deserving, hard-working artists will receive the recognition and financial rewards they merit.
Check out the in-depth article at SCMP.
This week’s poll: When do you think NFTs will regain mainstream attention?
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