TickerWin Releases Report on 'NFT Art Industry Suffers Setbacks but Has a Bright Future'

HONG KONG, CHINA / ACCESSWIRE / July 5, 2022 / TickerWin, one of the leading market research companies, has released a report on 'NFT Art Industry Suffers Setbacks but Has a Bright Future'. People cannot write an article about NFT trends without mentioning the hottest digital NFT art industry.

Personality NFT

Apps that enable artists to perform as an NFT personality could be the next big thing in 2022. "I think this year [2022] we'll definitely start seeing more of these personalities that are NFTs," says Jace Kay, Bored Ape Yacht Club and Stereoheadz founder. Substituting your real-life personality with digital isn't something new for musicians and other stage performers. Yet, what was started by Gorillaz in 1998, is now being taken to a new level in NFT space.

Fractionalized NFT art

Offering fractionalized NTFs of real-world artworks is one of the most prominent trends on the NFT market that might fill the gap between traditional art and its new redefined form that NFTs initially proposed. For centuries the art market was associated with lucrative investment opportunities. Yet, what has been stopping ordinary investors were high entry barriers.

Digital art collectibles

Any artist can broadcast their work or sell it directly to interested buyers through NFTs. This gives them the opportunity to get the right price for their art. Artists can also gain profits from royalty payments in NFTs through smart contracts.

Filling the gap between real-life's and digital art

Notwithstanding how futuristic it may sound, the trend already has its beginning with STO's boom and tokenization project backed by art. For example, in 2021, Switzerland-based digital asset bank - Sygnum and art investment business - Artemundi teamed up to mint 4,000 security tokens backed in Picasso's Fillette au béret. Each could be bought for a fraction of the full artwork value. However, if we wanted to distinguish the beginning of art's tokenization, we'd have to go back to 2017 when Maecenas tokenized Andy Warhol's 14 Little Electric Chairs.

Avatar Casting

Advertisers got hold of the potential that lies within NFT trends and start utilizing this to push marketing to new levels. Using an NFT as a model, or in this case avatar, for a brand will be one of the next big ways to give your favorite digital art piece real-world utility.

About TickerWin

TickerWin offers marketing research reports on industry trends, especially in AI, Cloud Computing, AR/VR, Big Data, NFT, Cryptocurrency, and DeFi fields. It offers customers with real-time visibility, transparency, and traceable through the tracking of the project's database throughout the complete lifecycle of a researching project all on an immutable ledger with continuous insights. The customers served by TickerWin are mainly technology and financial enterprises in East Asia, Southeast Asia and Greater China (Mainland China, Hong Kong, Taiwan). TickerWin's market research reports support multiple languages, including: English, Simplified Chinese, Traditional Chinese, Japanese, Korean, Vietnamese, Thai, Malaysian, Indonesian, and Filipino.

Media Contact

Company: TickerWin Marketing Research Ltd
Contact: Ronald Luo
Address: Room 12C, 22/G, Sheung Wan Building, 345 Queen's Road Central, HKSAR
Email: support@tickerwin.com
Website: https://www.TickerWin.com

SOURCE: TickerWin Marketing Research Ltd.