The digital arts conference sessions continued at Kingdom Saudi Arabia On its second day, which you organize Visual Arts Authority In partnership with Sotheby’s Auctions, at the headquarters of Diriyah Biennale The Jax neighborhood in Riyadh, as the first conference of its kind in this field, hosted by the Kingdom and the Middle East, in the presence of a group of artists and art collectors.
Details of the second day’s sessions
The second day’s sessions were devoted to talking about the ecosystem in digital artworks (NFT), where digital multimedia artist Ann Spelter, at the beginning of her talk about her happiness with her presence in the Kingdom of Saudi Arabia, said: It is a great honor for me to be in the wonderful city of Riyadh and to visit the Diriyah Biennial Which carries a lot of distinctive creative and artistic touches, expressing its amazement at the explosion of the (NFT) market at the present time, and the great demand for it by different age groups, indicating that social media platforms, including Twitter, have become effective and a distinctive way to enter this field. .
An arena for buying and selling digital artwork
She added, the world of (NFT) is a distinct arena for acquiring or selling digital artworks at any time and place, it does not matter the timing and the geographical location, and here we find that the digital artwork market is different and developed from the traditional art world, which obliges the artist to attend in galleries or Art museums to buy or sell his works. In this new world, a person only needs a few seconds to get the art commodity he wants.
NFT Market
She pointed out that there are many who joined the (NFT) market, and no one encouraged them, but rather discovered this world themselves and found in it what they wanted, stressing that she prefers this world over the field of traditional art, in which the average artist may find it very difficult to benefit from it through Selling his paintings or even displaying them, through museums and galleries, or participating in exhibitions.
Several ways to buy NFT
For his part, Sothey’s Managing Director in Europe, the Middle East and Africa, Sebastian Fahey, revealed that there are several ways to buy (NFT), including what is through the artist himself, as some of them have their own websites on the Internet, indicating that One of the most important features of the (NFT) market is the absence of intermediaries where the artist can sell his work easily and amateurs can buy it with ease through the site and the approved platforms for that.
And Sebastian indicated that there are many NFT collectors who keep their work on approved sites and platforms or on their laptops, and there are many digital galleries that have opened and retain the works of artists, and we do not forget that there is a class of workers in this field. Who keeps his works at home and enjoys collecting them and displaying them on television screens, and I saw samples of these works during my visit to Los Angeles in America.
Educating the public and collectors of digital art tokens
Michael Bohana, Co-President of Digital Art Sales, Sothey’s, explained that one of their most important tasks in the company is to educate the public and collectors of digital artistic icons, stressing that the owners of these digital artworks are elements in the digital world in general, and contribute to the introduction of new ideas, but they may need Sometimes he referred to guidance, revealing that the influence of the world of (NFT) has become great and also an investment for artists, pointing out that there are paintings sold for more than 3 million dollars, which means that there is a growing passion in entering this field, and that the artist can promote his works in a way Effective and innovative digital, as this is a privilege for digital arts, which will over time address some of the negatives in it, including the artist’s inability to save his works in the event of theft or piracy.
The future of the (NFT)
The conference sessions will conclude by talking about the future of (NFT) in the world and Saudi Arabia, and expectations about the impact of digital currencies on it, in the presence of a constellation of artists and digital art collectors.
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