The early days of the NFT ecosystem introduced with it a singular set of challenges for artists seeking to set up themselves within the area. Probably the most outstanding of those challenges was the truth that the ecosystem closely rewarded artists who had been standard on social media platforms resembling Instagram, and who had been in a position to produce new artwork each day.
This led to a state of affairs the place many artists who had been extremely gifted however who took various hours to supply their work, had been left behind. These artists had been at an obstacle as they weren’t in a position to farm social engagement as simply as their extra energetic friends. This has created a misperception of expertise vs. high quality that persists at present within the NFT ecosystem, and it’s a downside that must be addressed.
This misperception is a results of the early days of the NFT ecosystem, the place the worth of an artist was decided by the variety of followers that they had on social media. This led to many gifted artists being missed, as their work was not as seen as that of their extra standard friends. This has created a state of affairs the place many collectors aren’t conscious of the true expertise that exists within the NFT ecosystem, and this misperception must be remedied.
Collectors play an important position on this course of, as they’re those who finally decide the worth of an artist’s work. By supporting artists who’re much less seen on social media, however who’re equally gifted, collectors will help to create a extra balanced ecosystem. This won’t solely profit the artists themselves, however it should additionally profit the NFT ecosystem as an entire, by making a extra various and vibrant market.
This isn’t a dig at artists that produce every day work, I encourage all artists to do what Beeple and others do to create work. This can be a name for collectors to be higher at figuring out why the artist is making their artwork. It’s vital to grasp that producing every day work is a good way to achieve visibility and set up oneself within the NFT ecosystem, nevertheless it’s not the one method to achieve success. There are numerous gifted artists who take extra time to supply their work, and their contributions shouldn’t be missed.
Being a collector will not be the identical as being a buyer, and it’s essential to grasp the distinction. Collectors aren’t simply shopping for artwork for the sake of proudly owning it, they’re shopping for it as a result of they consider within the artist and their work. They need to have the ability to determine the explanation why an artist is creating their artwork, and help them accordingly. By doing so, they won’t solely have the ability to construct a worthwhile assortment but in addition assist to create a extra balanced and various NFT ecosystem.
TLDR: The early NFT ecosystem closely rewarded artists who had been standard on social media platforms resembling Instagram and produced every day artwork, whereas many gifted artists who take various hours to supply their work had been left behind. This has created a misperception of expertise vs. high quality that persists at present within the NFT ecosystem, and it must be remedied by collectors. The position of collectors is essential on this course of, by supporting much less seen however equally gifted artists they will help to create a extra balanced ecosystem which is able to finally profit the NFT ecosystem as an entire.