Artnet, which was started in 1989 and is now one of the greatest fine art platforms in the world, with over 60 million unique annual users, has entered the realm of NFTs. It was a natural move, given the company’s stellar reputation for assisting customers in discovering, researching, and collecting art. Artnet Auctions now hosts over 70 curated auctions each year. The value of transactions sold on Artnet Auctions had climbed by 20% YoY to $18.5 million USD, while income had increased by 15% to 3.6 million USD as of the end of August.
ArtNFT, the company’s on-chain NFT platform, has now live. Its debut sale, ArtNFT: Beginnings, is the first dedicated place on the well-known platform for NFT artists. The first collection includes some of today’s most renowned NFTs, as well as pieces from artists who are experimenting with the technique.
The site features work by early NFT pioneers and inventors as well as a new generation of digital artists who have completely embraced the technology.
Artnet’s inaugural auction brings together a tightly curated selection of rare examples from within this burgeoning scene, including works by Georg Nees, Herbert W. Franke, Vuk osi, Miltos Manetas, Kevin McCoy, Dmitri Cherniak, Osinachi, Justin Aversano, Pindar van Arman, FEWOCIOUS, and Kevin Abosch.
Jennifer and Kevin McCoy’s Quantum Leap is one of the collection’s standout pieces. This code-based NFT is inspired by their 2014 piece Quantum, the first-ever artwork to be tokenized on the blockchain, and will evolve over a three-year cycle.
Pindar Van Arman’s Emerging Faces, a collaboration with Robert “3D” Del Naja, a British street artist and member of the electronic band Massive Attack, is another piece that stands out. More so, Pindar Van Arman is an artist, roboticist, and digital art pioneer from the United States. Since 2015, Van Arman has started creating robots for use in his creative practice. Van Arman’s robots a brush and use it to paint patterns for an algorithm.
“Artnet has spent the past many months listening to and learning from the extraordinary NFT and crypto communities,” said Colleen Cash, Vice President of Auctions.
Then, “We made it a goal to enter the space as authentically as possible, and we are proud to say...” “
“we will be the first art world player launching with a natively crypto auction from the get-go.”
“We have built out a platform that will speak meaningfully to the ethos of the NFT community and…” “One that will be familiar and welcoming to our traditional communities as well.”
Artnet also has an NFT advisory council, comprising of industry professionals, market. Also, and opinion leaders in the field, in order to deliver the best possible works and user experience. Colborn Bell, Tim Cang, Nifty Naught, Claire Silver, Michael Ugwu, TokenAngels. Then, The Beauty and the Punk are on the NFT advisory committee.
So, Artnet aspires to be a one-stop shop for NFT artists and collectors. “We are delighted to provide ArtNFT as a platform to find. Then, participate with these cutting-edge works, as the NFT world has established a multi-faceted community.” “We’re combining Artnet’s global reach, knowledge, and expert curation to deliver...” “an integrated experience for the digital art world with this launch,” said Artnet CEO Jacob Pabst.