Are NFTs the Dutch Tulip Bubble, Beanie Babies, Pogs, or a revolution? Certain parts of the NFT market could, in some cases, have results that meet each of these criteria. The Second NFT DropĬhaos creates opportunity until it doesnt. Additional examples and slightly different interpretations change the NFT through the blockchain over time like Aavegachi or other role-playing game elements. Future art could change by the day, season, or any other outcome that the artist can conceive. It has become an inspiration for artists to ideate on new ways to add organic concepts to their art. This may not have been the first outcome-based NFT, but definitely enjoys notoriety as the most popular. The artwork will be one state at auction before the election, and after the results of the election are known, will forever change to reflect a Trump or Biden win. This uncertainty is perfectly encapsulated in this piece of artwork as the person buying the piece will not know the final artwork. If anything is constant about the times we now live in, it’s uncertainty. NOTES: This piece is a first for Nifty, a token that will change based on the outcome of the election. As his popularity became synonymous with the NFT community, he and Nifty Gateway decided to create a NFT that would be auctioned off before the election, but based on the results would display wildly different works. Before he became one of the highest grossing living artists of all time, Beeple made a name for himself in the artist community by creating daily art. The most popular recent scenario was the United States Presidential Election of 2020.
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Since many NFTs are minted and point exclusively to a unique web address, there is an opportunity for the artists to create art on time-based event outcomes. Some call it a feature, while others call it a bug. Here are 7 different ways that NFTs are changing how the artist can engage with the collectors through NFTs: 1. Today we’re going to focus extensively on the gamification of NFTs and how the world’s top artists are finding new ways to create value for their art, the collectors, the marketplaces, and the community at large. The digital nature of NFTs has resulted in some exciting new developments. What happens when you give artists access to a once in a generation technology ahead of the masses and get out of the way?