INGREDIENTS OF A GOOD ART NFT
What does and does not make a good art NFT?*
From both a collector's as well as collectors-to-be perspective, the key ingredients for a good art NFT are very clear: First off, a strong artistic concept was the most valued aspect (88%). Neck and neck for second place were two other factors: 63% of respondents agreed that the inventive use of the blockchain technology was important and 62% agreed that it was important for the artwork to be available in a high-quality resolution. Surprisingly, it didn’t seem to make a difference if the artist was already well-established in the traditional art world. It was the lowest rated factor, with only 26% agreeing that it was important.
Among art NFT collectors in particular, the artistic concept and innovative use of blockchain technology scored even significantly higher than other factors at 93% and 73% respectively.
* combined responses by collectors and collectors-to-be
“Art NFTs are not simply a digital copy of an analogue artwork. This art form has to be thought of in a completely new way.”