Vibes are coming back to the shitcoins with pictures. Now I want to share some thoughts with fellow artists: The narrative around the NFT Art market now is driven much more by metrics than by fundamentals around the art itself. This makes sense, since many of the art-focused people who barely cared about the financial side left NFTs and never looked back, while more investor-type and institutional buyers stayed and now have greater dominance. This environment is not like 2021–2022, when there was a somewhat chaotic mix of shitcoins with pictures and art. It has morphed into something richer in financialized ponzinomics, virality, and so on. My take is that if you’re an artist or a collector, you can still create and/or collect cool work native to the tech and the culture, but it’s also healthy not to take the market’s sales trends, buzz around projects, and general market moves too personally, or think in the short term. Most importantly: NFTs are definitely back and are good for the culture, and there is a great opportunity for artists to comment on it, blend into it, and let their art sink in.
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