The world NFT market is already worth 10 billion euros.Community meets in Lisbon from Monday

The non-fungible token or NFT (non-fungible asset) market has taken the art world by storm. In 2021, NFTs will be released its ownership in blockchaina digital record book According to an art market report released this week by Art Basel and UBS, it reached $11.1 billion (about 10 billion euros at current exchange rates). This is an explosive increase compared to $4.6 million (€4.1 million) in 2020.

Portugal, capitalizing on the country’s international reputation encryption friendlyare hosting some blockchain. Next Monday, the “Conference on Dehomogenization” will bring together representatives of this new blockchain virtual asset from around the world at the Carlos Lopes pavilion in Lisbon. This is the first physical space conference in Europe to focus on non-fungible assets.

Curators, artists, collectors, platforms, experts, and other professionals and curious people will come together to discuss these virtual assets, their usefulness in virtual worlds, security issues (since crypto asset theft is a very serious issue in the community) pressing issues), Art Market Papers, etc., 4-5 April.

There are five stages (Main Stage, Balcony, Hands-on, Lightning Talk, and Playground) with conversations around four themes gambleart, collectibles and virtual worlds Three digital art galleries, an NFT buying and selling space, and a contest role play. The organization is expected to host 1,500 to 2,000 people. Tickets for around 750 euros are sold out.

Portuguese José Ramos, one of the seven curators of the conference, selected some of the artists present He is an artist himself, specializing in nature photography Say Express “There are many artists, including myself, who discovered the world of ‘crypto’ when they entered the world of NFTs”. José, a doctor and photographer who started creating NFTs from his photos last year, is now part of a growing community of Portuguese artists whose work is in blockchain.

If it is a new and exciting way for artists to create and sell art without intermediaries, who is on the other side, i.e. blockchain? Jose explained that there are several types of collectors these days.Some “aimed at investing and trying to sell quickly at a higher price”, the so-called flippers.

The other growing group, he said, are collectors who are “more concerned with the artwork itself, without the goal of making a quick profit,” who are buying NFTs “more from the perspective of a traditional art collector.” Just as physical art collectors accompany artists and acquire works according to taste criteria (but don’t forget the investment aspect), so do collectors of non-fungible assets, José concluded.

This is a constantly changing market. This is evidenced by the countless topics being debated in the Carlos Lopez Pavilion, whose agenda can be found here.

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