What’s the Future of Art NFTs? 5 Predictions For What Lies Ahead
2021 was the year for NFTs. Top sales included CryptoPunk #7523 for $11,754,000, Beeple’s “Human One” for $28,985,000, and Pak’s NFT drop “Merge,” which set the record for largest sale by a living artist.
There are now upwards of 40,000 buyers of art NFTs per month, and upwards of $20 million in sales are generated a week. But beyond the numbers, 2021 was really the year the world became aware of what NFTs are and their potential to change approaches and thinking in the art space.
The art world is always evolving and changing, but it's rare to see so much progress in any industry within such a short period of time. 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.
