As art moves into the digital space, it’s become increasingly difficult to ascertain the ownership and uniqueness of a piece.
Over the past few months we have seen an explosion in the creation and dealing of NFT (non-fungible tokens) often associated with art and other collectibles. These NFTs are backed by cryptography and blockchain which both ensure their uniqueness and scarcity, meaning that if you buy an art NFT, no-one else can own the same piece.
This imbues modern art with authenticity and, in turn, can lead to massive (and sometimes inflated) valuations of works, whilst also allowing for the sale and trading of works to increase exponentially.
Although NFT technology has been around for a few years, the use cases are still being defined and are constantly expanding, with speculators keen to find out what is ahead of the curve in order to potentially make big gains on investments.
In this talk we will be interviewing Andy Gray, one of the founders of Known Origin and the owner of over 10 NFT trading platforms, in order to get his take on the recent developments and where he sees the technology going in the near future.
We will also be joined by some of Britain’s leading digital artists who will give their perspective on this revolutionary medium for monetising their work in a far more equitable way than was previously possible.