What is D’Stassi NFT Space?
D’Stassi Art will be launching the D’Stassi NFT Space; a new NFT Marketplace showcasing new and emerging artists, as well as some of the most talented artists on our roster. You can also expect regular news updates on the world of NFTs, art in the metaverse, the future of art and its integration with new and existing technology.
D’Stassi NFT Space will be a world for collectors, artists, and enthusiasts to explore the exhilarating and inexorable march of digital art.
D'Stassi Art NFT Space: Coming soon!
Are NFTs the future of art investment? Been wondering just what the hell NFTs actually are? You’ve come to the right place!
Firstly, let’s get to grips with the basics.
What does NFT Stand for?
NFTs stands for ‘non-fungible token’. This is an individual, non-divisible representation of an asset, marked down on a blockchain. NFTs are able to provide authenticity, history of ownership and scarcity in a secure environment as every transaction is recorded and publicly viewable.
What is a Blockchain?
A blockchain is a digital database or distributed ledger of transactions stored on a network of computers. It stores data in ‘blocks’ that are linked to each other with cryptography. On decentralised blockchains this data is ‘immutable’ which means that any transaction that occurs is permanently recorded and able to be viewed publicly.
How can you purchase NFTs?
NFTs can be purchased on a variety of third-party platforms and, very soon, our new ‘D’Stassi NFT Space’. In order to purchase an NFT you will need to create a digital wallet to store and access the NFT. For first time Crypto users, we would help you through the process post-purchase.
How can you sell your NFTs?
Through your digital wallet provider you will be able to transfer your NFT to another wallet address. Currently you are able to re-sell NFTs through a variety of third-party platforms.
NFT's - 'CryptoPunks'
How is this affecting the art world?
Works of art minted as NFTs have made the news in the last 12 months after the sale of “Everydays; The first 5000 Days” a piece by the incredible digital artist Beeple, sold at Christie’s for a cool $69 million. This unbelievable piece is a collage of illustrations and cartoons that Beeple (real name Mike Winkelmann) designed on his computer, once a day, for more than 13 years. The buzz generated by this sale spread like wildfire and has sown the seeds of revolution amongst the art world.
But the beauty of NFTs is not in big bumper sales. Let’s walk through a few reasons why we are getting so excited about them.
For a long time, digital artists like Beeple and innumerable others faced a problem. Because digital art is so easily copied and spread online, they were unable to prove ownership and capitalise off of their hard work. Because ownership proved so tricky, these artists had been forced to work in the commercial sphere, as graphic designers, 3D modellers and cartoonists. This security is giving digital artists ownership and control over their work for the first time, liberating and empowering a huge number of people at the cutting edge of art.
Now on top of this security there is another benefit to the artists minting NFTs: clarity. Because NFTs are minted into a chain of data, all kinds of different and useful information can be included when they are created. For example, ownership, care instructions ( for physical works represented by NFTs) and detailed contacts that outline clearly what kind of percentage royalties are owed to the artist upon resale of the work. For this very reason, NFTs prove that they are not just limited to the digital art sphere. It makes a lot of sense to mint an NFT to represent a traditional, physical art work too, as contracts and maintenance details can be clearly stored and exchanged time and time again.
Lastly, the potential being seen in the complexity and creativity amongst digital art is wonderfully exciting. For the first time, art is being blended with intelligent algorithms and huge datasets. These new pieces are exploring and describing with incredible poignancy what it means to live in a world increasingly experienced in a digital space. The huge potential of digital art is limitless considering the moves of big tech companies such as Meta to further enhance the social and vocational experience online.
The D'Stassi Art team.