Coaching for Artists

  • Home
  • Mary’s Blog
    • Blog List
  • Career & Life Coaching
  • Business Startups
  • For Arts Organizations
  • Testimonials
  • Common Questions
  • Meet Mary
  • Resources
  • Events
  • Contact
  • Mailing List
Sign up for my mailing list and receive a FREE Checklist for a Successful Art Career
MENU
  • Home
  • Mary’s Blog
    • Blog List
  • Career & Life Coaching
  • Business Startups
  • For Arts Organizations
  • Testimonials
  • Common Questions
  • Meet Mary
  • Resources
  • Events
  • Contact
  • Mailing List

Revisiting NFTs

6/22/2022

 
Picture
The buzz about NFTs just keeps getting louder, and artists are starting to shape  the conversation.  Major galleries are getting involved, new “artist-friendly” platforms for buying and selling have been created, and it’s time to take a look. 

First, a brief review: 

NFT stands for non-fungible token, which is not a physical or digital artwork, but a certificate of ownership.  It has a digital file attached, with an image of the art it represents.  

“Non fungible” means unique in finance-speak.   Remember, the monetary value of art has always been built on scarcity and authenticity.  Since there’s only one Mona Lisa, created by Leonardo da Vinci  and located in the Louvre, its value remains high.

NFTs produce scarcity and authenticity for works of art that wouldn’t otherwise have them. Most images of art can now be seen online and even downloaded for free.  When an artist “mints” an NFT, they are able to authenticate and then sell ownership of an image to people who like to invest.  These transactions take place in special online marketplaces (called blockchains), using cryptocurrencies instead of dollars.     

NFTs can be used to sell a certificate of ownership for a work of art, for sports memorabilia, music and videos, or even to create a digital ticket to unlock an experience like an installation or a gallery opening.    

Artists are creating whole new bodies of work this way, as NFTs can be minted for any type of art.  It’s not a get rich quick scheme, as it takes time and techno-savvy to get started.  But if you’re curious, take a look at Outland, the best source for understanding what’s going on, and visit Tezos, an “artist-friendly” marketplace.  Then follow Sarah Friend, an artist who marries art and technology in innovative ways. 

​Let me know what you think!

​​​~ Mary

Mary Edwards, Ph.D
Career & Life Coach for Artists
“Left Brain Skills for Right Brained People”
Instagram: coachingforartists.maryedwards ​

Comments are closed.

    Mary's Blog

    As an artist coach, I bring a unique combination of business knowledge, art world experience, and professional coaching skill to my practice.

    Blog List
Local Marin County artists meet with me in person, by telephone, or via Zoom throughout the coaching program.  I coach U.S based and international clients via telephone, Zoom and SKYPE.  Contact me now to schedule a free, 30-minute consultation.  
Mary Edwards of San Rafael, Marin County, California 94901 
Coaching services are offered nationally and internationally. Cities Served in Marin County, California: Belvedere, Corte Madera, Fairfax, Larkspur, Mill Valley, Novato, Ross, San Anselmo, San Rafael, Sausalito, Tiburon.
Copyright © 2023 Coaching for Artists and Arts Organizations, All Rights Reserved.
​Site powered by MaryHiggins webdesign