It’s undeniable: blockchain technology and NFTs have built, for the first time, a viable market for digital art, providing scarcity and value to digital artworks that are otherwise replicable. Associating digital art to NFTs has resulted in ‘Web3’, the next generation of the internet where what we consume online can not only be read and interacted with, but also owned in a decentralised fashion on the blockchain. Web3 has resulted in a unique subculture on the internet that values freedom, decentralisation and a close-knit community. However, NFTs and cryptocurrencies are also notorious for innumerable scams and pyramid schemes. Digital artists don’t shy away from these two extremities. In fact, in their work, they explore all the various and contradicting facets of Web3, using it as primary subject matter to envision promising futures for a more equitable internet and society on the one hand, or a dystopian futuristic work where greed has corruption reign on the other.
Artistes