Saatchi art nft

I know, I know. Aetherium the the developers are working really hard to make it happen. But obviously, it’s for complicated. So

Alexander Ferguson 18:31 I mean, for for a general artists, I mean, what does it look like to say, alright, let me make some NF T’s now. I mean, it’s a simple decision. Is that what’s what’s the just take me through a basic process of what that looks like?

Monty Preston 18:43 Yeah, I think it’s different for every artist. Um, you know, the reason to come to decide to create an FTA is it might be motivated by by different reasons. And I think that there are a number of considerations. First of all, I wouldn’t recommend minting every single artwork that you’ve ever created ever, as an NFT. I think that just as with a physical portfolio of works, you want to be selective, showcase your best work, you know, obviously, there is value in scarcity.

Saatchi art nft

Saatchi Art has a longer-term vision of creating the first online art gallery selling NFTs and physical works side-by-side in a curated experience.

Wayne Chang, general manager of Saatchi Art, was unsurprisingly enthusiastic about the sale. “We are delighted with the outcome of our first NFT project. It has been an amazing process to work with artists, both new and experienced in this space. Following the success of “The Other Avatars”, we are currently working on new NFT projects for 2022.
The team is excited to introduce new drops to our buyers with innovative features and themes that stay true to Saatchi Art’s mission. to democratize the art world. .”

Sean Moriarty, CEO of Leaf Group admitted that the NFT art space is pretty crowded. Unless you have a name like Saatchi.

Saatchi art nft opensea

So, you know, thinking about the environmental and thinking about just the onboarding process. I think also, you know, there’s a big issue when it comes to just security and people not understanding that blockchain and FTS cryptocurrency, these are, these are all web three technologies. And using a web two device like a smartphone to store your web three assets.
It’s not, it’s just not secure. So, you know, thinking about hardware wallets as a way to, you know, having them become more mainstream when it turns when it comes to onboarding to crypto is really important.

Alexander Ferguson 30:42 What’s a hardware wallet,

Monty Preston 30:43 a hardware wallet is hardware wallet is a it’s a device through usually like this big and it basically just stores your crypto for you. So it has a set of private and public keys.

And then I’ve also seen at some galleries like projection installation, so just projecting the NFT onto a big white wall and having something like much you know, larger and sort of that you can you can experience but there are obviously issues with that, you know, color, quality, etc.

Alexander Ferguson 33:14 What about just being your width three and like Metaverse, and being people wanting to share it in a more digital environment? Is there sites or places that a lot of people are congregating in showing off that hey, look at my NFT

Monty Preston 33:27 yeah, there’s something called Rainbow wallet, which allows you to basically look at the context contents of any address.

Yet NFT and blockchain technology can offer new ways for artists to connect with buyers, increase access to and democratization of the art world, and provide new ways of thinking about exchange of value in the art space.

What is an NFT?

Simply put, it’s a unique digital asset with verifiable ownership. This could be a piece of art, an asset from a game, a PDF, or even a tweet. When a creator “mints” (creates) a digital asset as an NFT, the minting process creates a cryptographic token that includes the digital signature of the wallet that created the token.
This provides direct provenance verification for future collectors, recorded on the blockchain. It also provides creators with a new way through which to produce and sell their art directly to their followers, outside of traditional gatekeepers.

NFT technology is certainly here to stay.

But I think that, you know, if you look at all of the brands that are sort of entering into the space and that are really interested in exploring Metaverse and NFT opportunities and getting into crypto, I think we’re gonna see, you know, a lot a much greater mainstream adoption in the near future and we’re seeing it every day. I have clients who are writing in interested in learning more about NF T’s and totally confused by the whole the whole concept and looking for guidance. So it’s a lot of fun for me to be able to help onboard people into this this new this new area, this new technology.

Alexander Ferguson 9:53 The headlines are definitely there to grab the attention.

I mean, that was I think this year the NFT that sold Christie’s Auction House for 16 million.

They may be connected with the work or it could be because they want to be part of a community they want to have that, you know, sort of I we haven’t really talked about avatar projects yet that those little avatar profile pictures, and that’s your NFT on social media. And it signifies this is who I am, this is what I like. These are the sorts of people that I associate with.

So I think there are a lot of different reasons that people buy art and for Saatchi art, you know, our mission has always been to democratize the art world and make art accessible and transparent to anybody who’s interested, not just a very specific subset of people who, you know, thought our world has generally catered to. So NF T’s are really exciting for us. And for us, you know, an evolution of our mission to bring art to more people.
For me, if you think about performance artists, for example, it’s got to be really hard to monetize your work, right, unless you get a corporate client and you’re doing like events, or you get a grant. Now you can create an NFT of your performance art and sell it and that’s, you know, something that has not been available to artists up until this point. The same goes for many digital artists and animators, right you you sort of have to rely on a corporate client who’s going to direct you and you know, you have to work within the brand guidelines.
And ultimately, you know, my mom’s a graphic designer so I know what it’s like to have to compromise your artistic vision to meet a client’s requirements.
SANTA MONICA, Calif., Feb. 08, 2022 (GLOBE NEWSWIRE) — Leading online art gallery Saatchi Art has released a collection of physical artworks originally created for its first ever NFT drop, ‘The Other Avatars’.This collection of The Other Avatar physical works draws on Saatchi Art’s unique position in the art sector, bridging physical art with technology. These 1,300+ artworks will range from $500-$5,000 and NFT collectors received early access to the physical collection.

The NFT collection featured 2,500 non-generative art avatars created by over 150 emerging artists and was inspired by Vincent van Gogh’s iconic self-portraits.

And if I understand that you’re trying to build this interconnected global art community of helping these starving artists need to be able to make money easier, faster, quicker off of their art, is the is the idea of a starving app artists, is it valid? Is it true?

Monty Preston 3:11 I think it’s valid. I’m actually the daughter of an artist. So I know firsthand how difficult it be to it can be to monetize your work as an artist. And it’s such a, you know, it’s really wonderful for me to be able to work with artists every day and help them make sales, help them connect with collectors who want to be patrons of their work, you know, to see them go off and get signed by galleries and you know, earn more money and get more exposure.

This collection will launch February 2022.

NFTs from the collection are now available for purchase on the secondary market through OpenSea.

For more information on Saatchi Art’s ‘The Other Avatars’ and upcoming NFT drops, visit www.saatchiart.com/nft

About Saatchi Art Leading online art gallery Saatchi Art features one of the world’s largest selections of original art and helps people all over the world find art and artists they love. The online art gallery offers original paintings, drawings, sculptures and photographs by over 100,000 emerging artists from over 100 countries. Saatchi Art is redefining the experience of buying and selling art by providing art lovers with free art advisory services and an expertly curated selection of art, while giving artists a convenient and welcoming environment in which to exhibit and sell their work.

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