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    The Ministry of Culture awards Art Rights and Lieu.City

    Ministry of Culture awards best technologies for art.

    Art Rights and Lieu.City winners of the creative marathon ARTathlon

    The Ministry of Culture (MiC), through the General Directorate of Museums, together with EY and in partnership with Invitalia – National Development Agency has called a Creative Marathon for the application of the best emerging technologies such as Blockchain, Artificial Intelligence, Internet of Things, Augmented and Virtual Reality for cultural heritage to support the challenges for the future and a look at the younger generations.

    The purpose?

    Bringing the museum experience closer to young people, but not only, through technological innovation.

    “Creating new narratives and innovative paths of valorization through the involvement of different skills and professionalism to expand the ways of use, digital as well as physical, of cultural heritage, a need that is becoming stronger in times of emergency” says Talitha Vassalli di Dachenhausen, Director of Service II – National Museum System of MiC. “Broaden the target audience in favor of the new generations in view of an inclusive and participatory cultural policy, increasing their presence on social communication channels and creating a community, thanks to stimulating tools such as gamification and interactivity”.

    More than 100 participants took part in the marathon of meetings and co-creation on March 23 and 24, 2021, with 12 startups selected from all over Italy.

    Two winning projects, among them MUSEO ZETA, born from the collaboration and work of the art startups Art Rights, a platform for the management and certification of works of art with Blockchain technology and Lieu.City, the first VR social network for online art events, joined together to bring innovation, experimentation and creativity at the service of Art and Italian Museums. 

    The teams of the two startups have created Zeta Museum, the first digital platform that combines physical and virtual reality, giving all fans the opportunity to create their own personal ZMuseo by selecting their favorite works from various Italian museums and archaeological parks, in their physical and virtual versions. 

    Museo Zeta was awarded by the jury for its ability to stimulate people by putting technology at the service of everyone’s creativity.

    The selection was made by a jury of experts composed by Dr. Laura Moro director of the Central Institute for the Digitalization of Cultural Heritage – Digital Library of MiC, Dr. Daniela Patuzzi head of the Service Unit Self Employment of Invitalia and Dario Bergamo Partner EY Leader MED for Government & Public Sectors. 

    The evaluation of the competing solutions was done based on strong connotations of innovation, feasibility, scalability and adherence to the challenges posed by the Ministry of Culture.

    The path of the winning teams will continue with the support of MiC, Invitalia and EY in the experimentation at the sites of Gallerie Nazionali d’Arte Antica, Palazzo Barberini and Galleria Corsini, Parco Archeologico dell’Appia Antica and with the Direzione Regionale Musei della Toscana.

    Art and Technology have never been closer than they are today! 

    NFT and Museums – Interview with Serena Tabacchi by ANDREA CONCAS

    NFT and Museums – Interview with Serena Tabacchi of MoCDA

    of Andrea Concas

    Is Crypto Arte open to museum? How will museums react to the evolution of the NFT market? These and other questions are answered by Serena Tabacchi, Founder of MoCDA – Museum of Contemporary Digital Art in this interview by Andrea Concas

    Museums today are grappling with two major changes: the digitization process and the urgency to find new sustainable revenue streams.

    Until now, museums have harnessed the power of social media, virtual tours and live streams to attract visitors and recover what was lost during the pandemic – in Europe 75% of museums report an income loss of between € 1,000 and € 30,000. week also during the period of opening to the public.

    But there is another avenue that museums may not have considered: the phenomenon of Crypto Art and NFTs. In recent months, the demand for these goods has skyrocketed to such an extent that museums and institutions have not been left indifferent.

    These include MoCDA, Museum Of Contemporary Digital Art, whose founder, Serena Tabacchi, who in this interview by Andrea Concas reflects on the future of Crypto Art and the need for its museum creation.

    Will museums play a role for Crypto Art and what will it be?

    I really think so. Museums, as we lived them before COVID19, represent those places where we approach culture through art, the various historical sources and documents that collect the essence of a historical period or an artistic current to it closely related.

    The phenomenon of crypto art is part of our present and as such will find its space within the places of culture. Therefore museums will not be able to ignore this mass phenomenon that is depopulating among new collectors and artists, especially those who create digitally

    If auction houses and artists talk about crypto art, it will be normal to find information about this movement that arose as early as 2018 in the rooms of a museum, be it physical or virtual.

    In your experience, what will be the evolution of the Crypto Art market?

    Crypto art has already marked a strong change in the market trend, with a rapid adoption by a young, dynamic and attentive to new technologies audience. There is a real boom in the crypto art phenomenon, also known as Blockchain Art. In reality, both artists and collectors have always been looking for more information about the provenance, authenticity and traceability of a work of art. Some of these guarantees are provided by the blockchain technology, which allows “on chain” transactions that help both the collector and the artist to protect themselves against fake copyrights, sales in the secondary market and the management of copyright. the so-called royalties.

    However, we must not forget that behind the technology there are always people and that trust in an artist or the auction house must always be placed in the individuals or brands they represent.

    A few days ago the news came that one of the most famous digital artists such as Mike Winkelmann, aka Beeple, made his entry into the traditional art market with Everydays: The first 5000 days, sold at auction for over 69 million. dollars at Christie’s.

    Following Damien Hirst announced his intention to accept crypto payments for The Virtues, a series of limited editions in collaboration with HENI available for Hirst collectors also in Bitcoin or Ethereum. Definitely a rapidly expanding movement that is here to stay and continue to impress the traditional world of the art market.

    Furthermore, could there be a relationship between the world of Crypto Art and that of physicality?

    Certainly. Crypto art, by definition, lends itself mainly to digital art as it lives online and on-chain, but not for this a physical work of art, and therefore material, must be excluded from this evolution in digital.

    It is therefore important to understand how the physical work and its digital doppelganger are connected, and to use blockchain technology for all those handovers between the artist, the collector and the various entities such as galleries and museums that participate in the management and maintenance of A work of art.

    Photo Credits: Mark Constantine Inducil – Severe Surrealistic Hallucinations

    Discover the world of Crypto Art and NFTs with Art Rights!

    Art Rights offers its Community users a FREE 2-hour training Webinar on the new Crypto Art and NFT market by Andrea Concas, CEO and Founder of Art Rights.

    For ARTISTS ENROLLED to ART RIGHTS this course will be available for FREE. If you are not yet enrolled in ART RIGHTS, register now for only € 50 a year and you will immediately receive the DISCOUNT CODE to participate in the webinar for FREE!

    Crypto Art, NFT and environmental impact

    Crypto Art, NFT and environmental impact

    The Crypto Art and NFT market represents the new frontier of selling digital works.

    But what are the environmental consequences?

    Let’s find out together!

    The moment is hot: after Beeple’s record sale at Christie’s, the Crypto Art and NFT Non-Fungible Token market is unleashing a real gold rush.

    But some have wondered what is the environmental impact for the creation of NFTs NFT (non fungible token), which pushes more and more crypto artists to get informed and look for more sustainable solutions.

    The recent publication on Medium of research conducted by digital artist Memo Akten on the ecological cost of the cryptocurrency industry has opened up a new debate.

    Atken argues that while the Crypto market has the merit of offering guarantees on the ownership and authenticity of digital works thanks to NFTs, he argues that these mechanisms require a large expenditure of energy and are therefore potentially harmful to the environment.

    The processes of creating NFTs depend on the computational capabilities of thousands of computers that require much more energy consumption than standard server tasks.

    The Crypto system, in fact, is mainly based on fossil fuels, which implies a huge exploitation of mineral resources with consequent Co2 emissions.

    A single transaction in Ethereum (ETH) is estimated to have an average footprint of 27.7 kg of Co2: the equivalent of the electricity consumption of an American home over two days.

    When it comes to digital works, the matter gets worse. The process to validate an NFT is called minting and being more complex, it consumes more. 

    According to Memo Atken’s analysis that considers 80 thousand transactions related to 18 thousand NFTs sold on the SuperRare platform, the average energy consumption per transaction is 82 kWh, equal to 48 kg of Co2.

    On average, Akten calculated that the carbon footprint of a single NFT on SuperRare is 211 kg of Co2. The equivalent of a 1,000-mile car ride or a two-hour long flight. 

    Are there sustainable solutions for the Crypto Art market? Here are some scenarios.

    1 – Transparency and Awareness: clear information should be provided about the environmental impact of Crypto Arte and how to minimize it, for example by limiting the amount of transactions to only those that are necessary and confirmed.

    2 – Implement PoS Protocols: according to Nifty Gateway, it is possible to reduce the 99% impact by implementing PoS (Proof-of-Stake) consensus protocols on existing platforms to replace the Proof-of-Work (PoW) protocols that the current Blockchain and NFT market is based on.

    PoS protocols – the most famous at the moment is Harmony – use a different process to validate transactions and reach consensus. It is still a cryptographic algorithm, but its operation allows higher transaction scalability and less energy consumption. 

    3 – Adopt sustainable platforms: another solution would be for artists and collectors to use platforms considered ethical such as hicetnunc, Viv3 or Kalamint

    Today the discussion is very polarized: on the one hand there are those who argue that Crypto Art does not cause damage to the environment as John Crain, CEO of SuperRare, who considers Atken‘s analysis too “sensationalistic”; on the other hand there are those who instead manifest the need for more sustainable models capable of developing the Crypto Art market but at the same time respecting the Planet.

    And you, are you ready to discover the world of Crypto Art?

    Photo Credits: via NBC News

     

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    The artist JR in Florence at Palazzo Strozzi

    L’artista JR a Firenze a Palazzo Strozzi

    Even Covid-19 couldn’t stop Hurricane JR, aka Jean René, one of the most well-known and highly rated photographers and artists of the moment.

    “Art is always possible, the greatest works have been created during wars and catastrophes,” claims the artist who has always believed in the power of art and its sharing to know and change the world.

    JR is a Parisian artist who works at the intersection of photography, street art, film and social engagement, also attracting the attention of a wide and diverse audience.

    In the last few months JR’s agenda has been full of commitments and we have often found him in Italy thanks to his collaboration with Galleria Continua, known as one of the most influential galleries in Italy and the world, with offices in Beijing, Havana, Sao Paulo, Rome and San Gimignano.

    Just in San Gimignano, on September 26, 2020, the collective performance entitled Processione Omélia Contadinatook place: a procession crossed the village carrying “on the shoulder”, with musical accompaniment, a large figure representing a farmer – a work by JR – which was buried at the end of the route. 

    The performance, which marked the inauguration of “Omelia Contadina”, JR’s solo exhibition held at Galleria Continua until May 2, 2021, was born from the need to recount the crisis of a world in profound transformation, the peasant world, harassed by the impositions of the market.

    Italian director Alice Rohrwacher, co-director of the short film of the same name premiered as part of the Special Screenings of the 77th Venice International Film Festival 2020, was also involved in the realization of the project. 

    JR also inaugurated on January 20, 2021 the new Parisian branch of Galleria Continua, an 800 square meter space a few steps from the Centre Pompidou, with an exhibition entitled “Truc à faire” open to the public until February 10, but on display until April 20, 2021.

    The intent of the project was to create an unconventional space, between a cathedral and a store, open to experimentation and inclined to live the space beyond the usual canons of exhibition design. 

    Not a white cube, but a meeting place where the works of artists of different generations, from five continents have been placed in every corner of the large building. Among these artists are Ai Weiwei, Daniel Buren, Anish Kapoor, Michelangelo Pistoletto and Pascale Marthine Tayou.

    Finally, the last intervention carried out in Italy, in Florence, again in collaboration with Galleria Continua and Palazzo Strozzi: it is a monumental installation 28 meters high and 33 meters wide with a very topical title: “The Wound”.

    JR proposes a sort of visual glimpse on the facade of the palace symbol of the Florentine Renaissance, which opens to the vision of an interior a little bit real and a little bit imagined.

    From March 19 until August 22, 2021, the work re-interprets the facade of the building, proposing a reflection on the accessibility of cultural sites in the era of Covid-19 that have lost an average of 75% of visitors, or 40 million less. 

    Arturo Galansino, Director of Palazzo Strozzi together with Andrea Concas, will talk about the project carried out by JR for Palazzo Strozzi on ClubHouse – the social network that talks about Art – for the Arte&Cultura program of ClubItalia. 

    And you, are you ready to discover the art of Parisian street artist JR?

    Photo Credits: JR

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    The identity of Metakovan, the collector who bought Beeple’s record work, has been revealed

    The identity of Metakovan, the collector who bought Beeple’s record work, has been revealed

    His name is Vignesh Sundaresan, under the pseudonym of Metakovan, and he is the collector who bought the first record-breaking NFT work.

    Just yesterday Vignesh himself announced that he was actually Metakovan, the collector who bought‘The Last 5000 Days’, l’opera di Beeple venduta online da Christies a 69,3 mln, in the presence of over 22 million people connected on the auction house website.

    Sundaresan beat bitcoin tycoon Justin Sun, who was initially thought to have been the buyer, for just a few seconds.

    Vignesh Sundaresan is an entrepreneur, programmer and angel investor in blockchain technology.

    He fell in love with the blockchain world in 2013 as a student at Carleton University. Today he is CEO of BitAccess, a company specializing in blockchain and Portkey Technologies Pte Ltd, a provider of software technology. He has founded many crypto projects, such as Ethereum, Polkadot, Dfinity, Omisego and Decentraland.

    Sundaresan revealed that he wanted at all costs to own Beeple’s work to “prove to Indians and people of color that they too can be patrons of the arts.”

    “This is the crown jewel, the most valuable piece of art for this generation, “Sundaresan said of the piece, which now ranks third among the most valuable works of art ever sold by a living artist, after the works. by Jeff Koons and David Hockney.

    The work – created by 39-year-old Wisconsin illustrator Mike Winkelmann, aka Beeple is entirely digital in JPG format.

    It is a collage of 5,000 images created and posted from 2007 to 2021 that incorporates surreal scenes and drawings of politicians such as Donald Trump and Mao Tse Tung alongside cartoon characters from Mickey Mouse to Pokemon.

    The sale represents a milestone in the history of art because it marks the beginning of a new phase for the market that opens the doors to Crypto Art and to Nfts(‘Non fungible token’), collectible digital files based on Blockchain technology (database distributed), in fact a real digital smart contract.

    NFTs become, for Crypto Art, the ideal solution, to guarantee the ownership, provenance, authenticity and quantity of copies placed on the market, fundamental data for nascent collecting.

    Now that the collector’s name has been revealed, we just have to find out when, how and where the work will be visible!

    And you, are you ready to find out who is Beeple’s record collector?

    Photo Credits: Dettaglio dell’opera ‘The Last 5000 Days’ di Beeple

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    2021 Deloitte Art & Finance Report

    2021 Deloitte Art & Finance Report

    How has the state of the art changed with the pandemic? Let’s find out in the new report just published by Deloitte Private.

    Uncertainty and flexibility were the two constants of an art market that in 2020 necessarily increased its propensity for innovation and experimentation in order to survive.

    This is what emerged from the webinar dedicated to the topic of Art & Finance: The art and collectible goods market | Report 2021 – Special “The state of the art at the time of Covid-19” presented yesterday by Deloitte Private.

    The report is dedicated to the impacts of the pandemic on the artistic and cultural sector through a survey conducted among operators, collectors, scholars and enthusiasts of the sector.

    The evidence that emerged was compared with data from the first edition of the research published in June 2020, with the aim of identifying solutions to address the current crisis.

    “The market is fragile and vulnerable”: this is how Pietro Ripa, Fideuram’s Private Banker opens the webinar, which highlights the main trends of the 2020 auctions for works of art and collectibles

    While a 60% decline was recorded in the first half of the year, at the end of 2020 this settled at 29% thanks to a series of strategies implemented by auction houses such as:

    • The “cross-category” catalog, therefore including works of art and collectibles belonging to different historical periods or departments.
    • A new bidding format, more precisely “the hybrid auction” – on 6 October 2020 Christie’s sells a T-Rex at the 20th Century Evening Sale in New York for $ 31.8 million dollars.
    • New strategic collaborations with players in the Asian market (which currently drives the global market).

    Il processo di digitalizzazione del mondo dell’arte ha senza dubbio accelerato un trend di continua crescita nel mercato dell’arte online che secondo l’Art Basel e UBS Global Art Market Report, si attestano al 25% del totale.

    The digitalization process of the art world has undoubtedly accelerated a trend of continuous growth in the online art market which, according to Art Basel and UBS Global Art Market Report, amount to 25% of the total.

    Limiting itself to the auction market only, online has proved effective above all for the sale of low-medium value lots, while it is still limiting in the sale of medium-high value and top quality lots: if in 2019 the record sales are were recorded by Claude Monet at $ 110.7 million and by Jeff Koons at $ 91.1 million, in 2020 the records go to Francis Bacon at $ 84.6 million and Roy Lichtenstein at $ 46.2 million.

    In general, 44% of the art players recorded a reduction in turnover between 25-50% and this also due to the lack of participation in art fairs which, despite their digital version, had results in chiaroscuro due to of little user friendly platforms that have made the virtual experience uninvolving and effective.

    All this before Crypto Art represented the new era, following the sale of Beeple’s work at Christie’s. In this regard, Mariolina Bassetti, Chairman of Post-War & Contemporary Art, Continental Europe and Chairman of Christie’s Italia intervenes, who argues that “the Crypto Art NFT market represents our present and the future, so it is necessary to observe the phenomenon with interest”.

    Roberta Ghilardi, Deloitte Private Sustainability Senior Consultant, presented some interesting outlooks for the future. Among the most significant we find:

    • Internationalization and new buyers: the number of Millennial collectors who have purchased collectible goods is growing, especially in “online-only” auctions. Christie’s announced that 32% of the new buyers of “online-only” sales were millennials (23-38 years old), while Sotheby’s has seen the number of buyers under 40 double.
    • Digitization and transparency: one of the positive consequences of the digitization process was the increase in price transparency which resulted in greater confidence in the possibility of online purchases (83%).
    • Growth of Private Sales: the desire for confidentiality and speed in transactions has increased the turnover generated by private sales: Sotheby’s, in particular, recorded a record result for private sales, which went from $ 1.0 billion in 2019 to $ 1, 5 billion in 2020.

    Finally, during the round table mediated by Barbara Tagliaferri, Art & Finance coordinator for Italy and composed by Tommaso Calabro (founder of Galleria Tommaso Calabro), Ugo Nespolo (artist), Verusca Piazzesi (director of Galleria Continua), Simone Menegoi (Director of Arte Fiera) and Francesca Rossi (Director of the Civic Museums of Verona) it emerged that the world of art, now more than ever, needs networking, that is to say “networking”.

    And this not only between individual institutions and professionals, between which a relationship of cooperation and mutual support must be established, but also between the physical and the digital which, in a few months, has revolutionized the methods of use, purchase and offer. of art, most recently through the introduction of NFT – Non Fungible Token.

    And you, are you ready to discover the future of the art market?

    Photo Credits: Liu Bolin for Deloitte Private

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    Coco Chanel. A woman of our time by Annarita Briganti

    Coco Chanel. A woman of our time by Annarita Briganti

    The new book by Annarita Briganti gives new life to Mademoiselle Coco, protagonist of a room by Andrea Concas on ClubHouse and a reading in the name of Art really unpublished and all to be discovered…

    Gabrielle “Coco” Chanel was a creative and avant-garde woman, able to change – through her creations and her stubbornness – the concept of femininity and to be an inspiration for future generations.

    Coco’s life – motherless and abandoned by her father – was nourished by the thirst for knowledge, for culture, for living her time in the amazing golden Paris of the 20th century, for revenge against the adversities of her life, always strongly and inevitably influenced by the artistic scene with which she shared the revolutionary spirit of the artists of the time. 

    Chanel is narrated, with an original and sincere vision, by Annarita Briganti – cultural journalist of Repubblica and writer – in her latest book Coco Chanel, una donna del nostro tempo published by Cairo Editore.

    A story to be rediscovered that of the great Coco, which, thanks to the whirling and engaging essay by Briganti, takes us back in time for a story that has all the flavor of contemporaneity. 

    Through his friendships with artists and exposure to the cultural movements of the time, art, literature, philosophy, theater, music, and film became part of his daily life and inspiration for his creations.

    In 1929 Gabrielle Chanel met Salvador Dali with whom she established a relationship of affection and mutual artistic influences: Dali, in fact, asked her to collaborate on the decorations for “Bacchanal” and then gave Mademoiselle a painting, a golden ear of corn on a black background, which Coco will always love.

    Freedom, curiosity, challenge of codes, construction and deconstruction: Coco applies these concepts to her garments, as well as to her life.

    Yesterday for the usual appointment of Andrea Concas on ClubHouse for the Art&Culture schedule of ClubItalia the writer Annarita Briganti, together with many participants answered questions, receiving a tribute to the writing by Roberto Concas, Art Historian and Semiologist, of which we report the transcript, almost faithful to the intervention:  

    ROBERTO CONCAS: Annarita will forgive me, but I don’t want to celebrate Coco Chanel, or say anything about the book, but just say: buy the book, you won’t regret it.

    I’d like to celebrate you, Annarita, as a writer instead!!!

    I’m doing this as someone who just read your book, riding 300 km while sitting, opposite the direction of travel, behind the seat of a motorcycle, an 883!

    I feel like a “Bachelor!”

    I read your book, and I have to make a note to you immediately!!!

    Be patient, but it won’t be all glory!!!

    (Murmuring)

    And yes, it’s an editorial note, because between chapters in the book, you left a single blank page!!!

    One and a half at the most!!!

    Too little to catch my breath!

    Really too little, you have to understand that in between chapters, you also have to “breathe”!!!

    Meanwhile, I want to say that your essay, should be read in one go anyway, and only then, at a later time, should it be understood, interpreted, pondered and even studied!

    Then if I’m allowed to?

    I’d like to comment on your book in a sort of binary code, not really with the sequence of 01-01,

    But, in a parallel between how you Write and Art!

    For this!

    I’d like to say that your book is a bit “Dadaist”, but that’s not enough, even though in the first chapter “alone”, you use the demonstrative pronoun “She”, “She who” 12 times, certainly to emphasize the strong role of “She” Coco Chanel, but also to break, immediately and forcefully, a condition of the story that could seem linear!!!

    If you think this can also be a first question?

    ANNARITA BRIGANTI: No, no, go ahead. I really like the critique!!!

    ROBERTO CONCAS: But your writing is also “Cubist”, for how you made use of the fourth dimension “space-time” by talking about yourself, suddenly, in the first person, and with another perspective!

    Amazing how you do it so well!!!

    I could tell you again that your essay is certainly “Impressionist” in the way you profile the many different characters mentioned, from Gabrielle Chanel’s men, to Winston Churchill and Marilyn!

    I could tell you that your writing is “Surrealist” because, at times, and always suddenly, we find ourselves in a space that can only be defined: “Surreal”!

    I could tell you again that you follow the “dark light of Realism”, when you talk about the Second World War and about Her, Coco Chanel, entangled for “maternal” love, as you say, in a bad story!

    I could tell you that your writing is “naturally Futurist”, because you pass, without solution of continuity, from a train, to an airplane up to the attentions of a “mechanic”, of “She” who has been a great one!

    Finally, I could tell you again, moving to the Big Apple, that “A Star Is Born,” yes of writing; and it’s you Annarita!!!!

    Bravo!

    Congratulations!!!

    Can I get straight back on the bike?

    ANNARITA BRIGANTI: NO!!! Stay like that!!!

    ROBERTO CONCAS: Thank you! 

    Photo Credits: P.Horst Getty Images

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    The most famous Italian Crypto NFT Artists: Hackatao by Andrea Concas

    Chi sono gli Hackatao, i pionieri della Crypto Art NFT in Italia.
    Chi sono gli Hackatao, i pionieri della Crypto Art NFT in Italia.

    The most famous Italian Crypto NFT Artists: Hackatao

    Who are the Hackatao, the pioneers of Crypto Art NFT in Italy. 

    Behind every “art movement” that is born, there are visionary pioneers who from the beginning believe in something different, unique and special.

    We are happy to have among the pioneers of the Crypto Art and NFT (Not Fungible Tokens) world two Italians, a man and a woman who under the name Hackatao have started their personal, and now shared, revolution.

    Their name comes from the fusion of two words “hacker” , meaning “person who overcomes imposed limitations with creativity and ingenuity” and “tao” , meaning “all living“. 

    The name ‘Hack’ for the pleasure of going deep and discovering what’s hidden inside, while ‘Tao’ for Yin and Yang, their dynamic creative balance. 

    Hackatao’s artworks are often involved with major societal issues, the environment, humanity, and cryptocurrencies, as well as references to art history, symbolism, and psychology.

    In these days, or rather in these hours we are experiencing a media assault on Crypto Art, for better or for worse, in which we are questioning the artistic, cultural, economic and related risks of speculation of this market and world, including the involvement of the world of “traditional” Art.

    They may be a clear example of how Crypto Art, whether derived from Digital Art or not, can be based, at least for some, on solid artistic foundations and canonical paths of validation.

    The duo was born in 2007 taking its first steps in the physical art scene, imposing itself in the Italian art market thanks to their surrealist pop style reminiscent of Murakami and Warhol. 

    The protagonists of Hackatao’s works are the Podmork, whimsical totemic creatures that are central to their artistic imagery.

    In 2018 comes the turn to digital, seen as an opportunity to do something new and change the paradigm that has so far marked the traditional art market.

    Recently, their latest drop on the Makerplace platform, made in collaboration with Argentine artist Jose Delbo, known for his comics for DC Comics, made $1.5 million in 15 minutes.

    Unlike many, You come from the physical art world, what led you to get into Crypto Art?

    For this we have to thank “Le Scienze” magazine, a January 2018 article about blockchain. Although it did not talk about NFT and Art, we immediately thought that this technology was perfect for the certification and creation of something new for art. So, armed with all our curiosity, we set out to research, with the same approach with which we approach the creation of an artwork. We met Jason Bailey, curator and popularizer, we believe the first one who has been able to define Crypto Art. 

    He introduced us to the guys at SuperRare and so it all started with them and a few other artists.

    Although we were making art on canvas and ceramic sculptures, digital is in our DNA, so the declination came naturally, like a dam of expressive potential that opened up to a world of meaning. 

    Since the beginning we have believed that this new world had the potential to become a real paradigm shift for the art world, bringing together the expressive, immediate and memetic languages of our generation in a fluid, fast and dynamic market. That in fact has made possible the emergence of many artists who otherwise would have remained unknown at the international level. 

    You were pioneers and today you are among the most respected and quoted artists, how has this world changed since your entrance? 

    The beginning was mainly characterized by studying the technology, understanding its limits and applications. There were only a few of us. We realized early on that everything would evolve very quickly (1 year of blockchain is equivalent to 10 real years). 

    There were few artists who came from the physical art world, in general the spirit was “let’s create something new, out of the perverse logic of the art world”. For this reason, when similar dynamics were replicated, the debate within the community became very heated. 

    One phrase I used to repeat as a mantra to those who were entering this world was: “It feels like Zurich or Paris in the early 1900s. In fact, there are affinities with the Dada movement and the avant-garde movements of the time.”

    The pioneering spirit of the early days has not faded, but rather is being amplified as new and important players are entering. This spirit I believe will remain alive for several more years. 

    The groundwork has been laid, but there is still much to build. 

    We are now seeing the arrival of established celebrities or artists/influencers who are having a major impact on the market and popularization of NFT and Cryptoart, sometimes overshadowing the early artists who helped create the foundation of this space. 

    But we are also seeing research work, by some big collectors, geared towards the origins of the movement. This is to say that there is also a lot of room for those who want to tell the story of the movement that, thanks to blockchain and social, is there waiting to be investigated. 

    If we were to do a sketch of your collectors, who are they and what dynamics govern their passion for Crypto and collecting? 

    First of all they are located all over the planet, they are young people between 0 and 40 years old. The big collectors are usually entrepreneurs/innovators/founders who head companies operating in hi-tech, web, blockchain, etc… then we have a band of collectors who come from the world of trading and operate as speculators (a form of speculation that sometimes acts as a flywheel for unknown and emerging artists). 

    A wide range of collectors, less strong from the point of view of economic availability, but passionate about the Crypto world and Art, perhaps are the true soul of the community as they love to experiment with new applications of NFT, new platforms and collaborate closely with artists and developers. 

    Can we talk about a real new artistic current? And, in your opinion, how will this world evolve?

    Some argue that the Crypto Art movement died at the end of 2019, taking into account the first two years in which “being there to build something new” was fully manifested. 

    We don’t really agree, the Community has grown stronger, perhaps specialized, but the fundamental definition of crypto art defined by Jason Bailey still stands. 

    And it can be seen as a true decentralized movement. 

    Of course now we are witnessing the arrival of people who think “hey here we make money, I have some images, I tokenize them… wow I get rich” pushed also by the mainstream media that only talk about figures and sales records, leaving out that we are building a new cultural paradigm with new market dynamics. 

    Evolution? Arguably, the Blockchain, given the philosophical and political implications behind its creation, will change not only the art world, but other worlds. 

    There will be a backlash against this change from Boomers… We believe the paradigm shift will happen, hard to counter mass adoption planet-wide. 

    Specifically in the art world, I believe there will be a symbiosis between Cryptoart, NFT and the traditional world. But first, to quote Sugar, “We predict floods.” 

    And are you ready to find out how the Hackatao will change the art world?

    We just have to wait and see the evolutions, now more and more, between physical and digital.

    Photo Credits: Hackatao

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    What are NFTs?

    What are NFTs?

    What are NTFs and what applications do they have in the art world? Let’s find out together! 

    NFTs are the basis for the development of a new digital economy based on the Blockchain and the so-called SMART CONTRACTs, i.e. digital “smart contracts”, in which it is possible to uniquely connect digital elements to digital or physical products. 

    But what are NFTs?

    NFTs, an acronym for “non-fungible token” is a type of cryptographic token on Blockchain that represents a unique digital or real asset. 

    What distinguishes NFTs is precisely their non-fungibility, i.e., the non-interchangeability given by a unique, non-replicable code.

    In the case of two identical fungible goods, it can be said that there is no difference between the two, since they can be reproduced and exchanged without any guarantee of authenticity.

    In contrast, a digital work in NFT, thanks to the blockchain, is digitally signed by the artist who made it, which makes it different from other seemingly identical ones out there, just as an authentic, signed painting is different from a copy of it.

    What are the applications of NFTs in the art world? 

    They allow to demonstrate and certify the authenticity and therefore the intellectual property of the work because, regardless of the transfer of ownership, its attribution will always be attributable to the author.

    So, in the case of a GIF, video or digital image sold for hundreds of thousands of dollars, the blockchain can serve to ascertain and store information by which two things can be said: that that work is “the original” and that its authorship and ownership can be proven. 

    By creating a permanent and publicly transparent stamp of ownership, NFT and Blockchain present what experts call the biggest technological innovation since the iPhone. 

    While initially thought to be resources for nerds and geeks, according to Duncan Cock Foster , co-founder of the NFT platform Nifty Gateway, the evolution of the digital art market will follow a path parallel to that of Bitcoin “You’ll see art institutions collecting NFT as people become more familiar with the concept.” 

    Today, more and more people are willing to pay hundreds, even millions, of dollars to own unique digital artwork. 

    Just think of the records set by the artist Beeple first on the SuperRare platform and then with Christie’s or the million-dollar sales of artists such as Ben Mauro, Pak, Kenny Schachter and the Italian duo Hackatao, among others.

    Blockchain technology and the application and use of NFTs are producing a real revolution in the art world, which will lead to a new way of conceiving the system and the market compared to how we know it today. 

    Among the tools supporting Artists, Collectors and Professionals that exploit the potential of the Blockchain to track and guarantee the authenticity of digital art we find Art Rights, a platform for the management and certification of artworks.

    How about you, are you familiar with NTFs for art?

    Photo Credits: The Business of Business

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    2021 Art Basel Global Market Report

    2021 Art Basel Global Market Report

    The art market is experiencing the worst crisis since 2009. Let’s see the data in the latest Art Basel & UBS Global Art Market Report

    “All market segments experienced declines last year, creating the largest recession in the global art market since the financial crisis of 2009” , so explains Noah Horowitz, director of Art Basel America in the introduction to the Art Basel & UBS Global Art Market Report 2021, as written each year by economist Clare McAndrew, founder of Arts Economics.

    Now in its fifth edition, the Art Market Report 2021 shows a strongly changed scenario compared to 2019 due to the consequences derived from the pandemic.

    With the loss of physicality and the widespread economic crisis, the global art market has declined by 22% and is now worth $50.1 billion.

    Although all major art markets, the U.S., U.K., and China, experienced declining sales, these markets continued to account for the majority (82%) of global sales value in 2020.

    While the drop in sales was inevitable, the crisis also provided the impetus for change and restructuring in the art system, which in 2020 invested like never before in digital innovation and increased online sales.

    Digital business reached a record $12.4 billion, accounting for 25 percent of the market compared to only 9 percent in 2019. 

    It’s no surprise, then, that galleries, trade shows and auction houses have diverted more resources to IT, with spending increasing 80% year-over-year to $3.5 billion.

    The web metrics included in the report clearly show the efforts to attract more traffic to their websites and the benefit of having an integrated digital strategy with the major marketplaces for art.

    But let’s look at how the global art system has changed in detail.

    ART GALLERIES

    Art galleries experienced a sales decline of $29.3 billion, or 20% over 2019. Maintaining relationships with existing customers (70%), investing in digital innovation and participating in online art fairs (54%) were their top priorities enough to drive an increase in online sales from 13% to 39%.

    AUCTION HOUSES

    Auction houses had mixed results, increasing online sales 36% to $3.2 billion, while public sales results fell 30% to $17.6 billion. 

    Total auction sales, including public and private, are estimated to have reached $20.8 billion, and 81% of the value of sales were driven by postwar and modern art. Notably, China surpassed the United States to become the largest auction market, with a 36% share.

    The most purchased works online were those valued between $5,000 and $250,000.

    ART FAIRS

    Of the 365 art fairs planned for 2020, 61% were cancelled and 37% held live events, while 2% held hybrid events. Of 138 art fairs, 62% offered a digital version of their fairs in 2020. 

    Fair sales accounted for only 13% of gallery revenue. Nonetheless, online fairs have attracted the interest of high net worth (HNW) collectors, with 45% having made purchases through this channel and over 80% of them well prepared to replicate again this year.

    COLLECTORS

    During the pandemic, interest in art collecting grew 66%, especially among Millennials, more than a third of whom (38%) spent over $1 million compared to 17% of Boomers.

    81% of collectors preferred to buy from their trusted gallery, while 54% preferred to buy at auction and 45% preferred to buy at online fairs.

    In 2020, 90% of HNW collectors visited an OVR art fair or gallery and 72% felt it was important that a price was posted when searching for art for sale online.

    Price transparency has been an important aspect driving the success of online sales.

    According to most collectors, making the price of works transparent has been key to gaining more confidence in the online marketplace, buying works and attracting new collectors.

    Female collectors are on the rise, outpacing their male counterparts. Their average spending is up 13%.

    However, the Report just published does not take into account the revolution recently triggered by the Crypto Art market and the sale of Beeple’s work for Christie’s on March 11, 2021.

    Who knows how the next report will change, considering the disruptive force with which NFTs (non-fungible tokens) are creeping more and more into the art market 

    And you, are you ready to learn how the market will evolve in 2021?

    Photo Credits: Art Basel

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