A month before the collapse of Terra Luna, Shavonne Wong – one of the bona fide NFT stars from Singapore – sold a collection of NFTs to a global fanbase in just one minute.
Wong says: “Instead of watching the ups and downs of the market, I’ve been honing my skills and getting better at 3D art. I know that whatever happens, I’m acquiring skills that would be useful should I ever need to take on a commercial job.” Top art fairs such as Art Basel have carved out spaces for NFT showcases. Some creatives have been able to leave their full-time agency jobs to create the new art form full-time.
SpeakCryptic’s series of 50 avatars titled Current Surface sold well after famous crypto artist XCopy purchased the first avatar. But staying visible in the crypto space relies heavily on online engagement on NFT communities on Twitter and Discord. “For example, a recent project that worked was Unit London gallery’s high-quality digital reproduction of Italian masterpieces by Da Vinci, Raphael, Caravaggio and others, which were created in collaboration with the museums that own these masterpieces.
"What that means is that you have to be ‘extra worth it’ as an artist for collectors to want your work. To put it in a Singaporean context, you have to be the best chicken rice stall for people to pay S$8 or more for your chicken rice.“Unfortunately, a lot of the headlines these days have focused on the so-called blue-chip ‘artworks’ like Bored Apes, which people bought for 150 Eth but are now selling for 85 Eth.
TZ APAC, the Asia-based blockchain adoption entity supporting the Tezos ecosystem, is not stinting on its efforts to promote NFTs. At Art Basel Hong Kong from May 27 to 29, it rented a sizeable exhibition space.
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