2023: NFT Marketplace, AI, And The Metaverse Redefining The Art World

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The digital landscape is evolving rapidly, and knowing just how to make NFT art is not enough for you as an artist. Your NFT art may be impressive but it may feel outdated due to fast technological changes. The AI and the metaverse are here to stay, and artists must handle these technologies carefully to thrive. 

Technology interfering in art creation was a prominent concern a few years ago. But that perception is fast changing now. The art and creative world and people are less welcoming to AI-generated art pieces. Similarly, NFTs and metaverse are also entering the art world steadily. All these developments are likely to transform the modern art scenario in 2024.  

NFTs – Transforming The Digital Art World 

In 2021, the art world was shaken by the entry of AI into creatives, and there were debates and apprehensions. Recently, the renowned artist Takashi Murakami, a celebrated pop art artist, released his NFT collection, which has again energized this field. It was facing a decline in interest, with Christie’s reporting a whopping 96 percent decrease in NFT sales in just a year. 

The NFT technology, despite losing people’s interest due to its vulnerabilities, still has some creators and platforms supporting it. Creators are still pursuing NFTs for various commercial and social applications, and an NFT marketplace guide can prove to be helpful to them.

Since the initial excitement regarding NFTs has already died down, investors are suspicious of the value in NFT art, especially when the conceptual works can be minted multiple times.

Blockchain has already established its credentials in the art field. Artists and investors now see this technology as a way to authenticate artwork. Artists rely on Blockchain to safeguard their art pieces from piracy and duplicate works. They can sell NFT art easily with proper guidance. 

NFT marketplace

An NFT marketplace is a platform where people can buy and sell NFTs. People can store their NFTs and then sell them for money or cryptocurrency. Some of the marketplaces have platforms to mint NFTs. There are plenty of reputed NFT marketplaces, such as OpenSea, Rarible, Super Rare, and Nifty Gateway.

NFT marketplaces have made the art world much more decentralized and democratized the art world. The artists no longer need the certificate of their works being authentic. That has genuinely empowered the creators. 

How to make an NFT art

You do not have to be a digital genius when thinking about how to make an NFT art. It is a simple process in easy steps if registered with a Blockchain platform. However, many artists still need to be out of the realm of the NFT world as they have yet to scale the ladder.  

AI – Automated Creativity Era Begins

In 2022, Artificial Intelligence entered the art world and was seen as a revolutionary change after the NFTs. Since then, in the last two years, uncountable AI images have invaded the web thanks to AI image generators. Dall-E and Midjourney were amongst the popular AI image generators that showed what these strong algorithms could do to create art. 

All a user needs is to type a brief to create an art. The algorithm will then create related art that you intended to have quickly. If unsatisfied with the result, just provide a new brief and finish the image.  

However, you must do more than merely typing some words to get impressive and unique AI images. When Jason Allen was awarded the first prize for a digital art piece at the Colorado State Fair, using the Midjourney system, he said that the creative process was not about “you don’t just type in a few words and get amazing pieces.” He pointed out that the accuracy of the prompt matters in generating a unique and creative AI-based art piece. 

But the fear in the art world due to the rise of AI is that its power will snatch away the significance of humans as creators and artists. It is still to figure out where to draw the line between human and artificial creativity. Now that AI has started dominating the art world, there might be a need to redefine creativity. 

Already, the algorithm has made logo designing reasonably easy. For instance, if you are in a coaching business, a coach logo maker will immediately generate dozens of logo ideas for you.

The wave of automation in the making of art will not stop now. There will be many more waves in the AI-generated art that will follow soon. Already, AI is causing copyright issues since many famous artworks get artificially generated.  

A problem with algorithms is that they are programmed to mix and duplicate existing artworks. This implies that while humans use other artworks for inspiration, the AI uses them for duplication. It would be interesting to see how the AI art scenario will shape in the coming years. 

The Metaverse – Experiments With Virtual Reality

The metaverse is the virtual-reality space where users can interact frequently with a computer-generated environment. By 2030, it is expected that the Metaverse will touch the user base of 2,633.0 million. Here, an AI-powered robot can answer users’ questions and discuss a topic using new technologies. Artists can experiment with virtual and augmented reality to engage audiences. 

For instance, the Mosul Heritage Museum uses virtual reality to show the recreated version of Iraq’s destroyed heritage. People can now see the heritage in its original form before the terrorists damaged it beyond recovery. 

However, many questions regarding the metaverse are yet to be answered. These questions are regarding the ownership of the metaverse. How will its ownership impact creativity, and what will digital art’s future be from the socio-economic perspective? 

Meta is a monopoly that wishes to control the digital space. If that continues, artists will shift their attention toward NFTs to avoid diluting their works. NFTs may be the ultimate refuge for artists to keep their works safe from commercial interests promoted by the algorithms. 

Overall, the future of art in the digital space will depend largely on how artists and creatives can protect their interests. Technology has undoubtedly brought about a revolutionary change in the art world. But technology is changing fast every few years, and what shape it will acquire in the near future is difficult to predict. 

Still,  art and technology and their combination cannot be avoided in the modern age. So, both have to live together and find solutions to the problems that art and artists face. 

You may also bring your art to the digital space through NFTs and AI-generated art. If so, the first visual you need at an NFT platform is your NFT logo so people can identify your art and its style.

An AI logo generator can instantly give you multiple logo ideas per your brief. Just describe the business and art field. The software will generate logos in just a few minutes. You can then pick one logo that best conveys your brief. Here’s how to use an  NFT logo maker to make logos – enter your business name, choose specific templates, select elements, and create.  

The logo-making tool can also produce a crypto logo for your cryptocurrency space per your design requirements. 

Wrapping Up

An NFT marketplace is crowded today with artists and investors. Indeed, an NFT logo can help your artwork stand out, but consider the many changes that the NFTs, AI, and the metaverse are bringing to redefine art. The technology is changing rapidly, and you need to keep pace with it to protect your interests in the digital world.

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