Artmarket.com: Artprice Manifesto - The future of NFTs and the Metaverse
PR93164
PARIS, Nov. 18, 2021 /PRNewswire=KYODO JBN/ --
As announced in our previous press release of November 9, 2021, Artmarket.com
hereby declares – with supporting studies and data – that Artprice's NFT(R)
Marketplace is perfectly positioned to generate a future annual turnover of
several tens of millions of euros.
Artprice Metaverse
(C) 'Alchemical Fractal 1' (collection of 999 works), raw steel, NFT sculpture
and algorithm by thierry Ehrmann.
Courtesy of Organe Museum / Abode of Chaos / La Demeure du Chaos
https://www.flickr.com/photos/home_of_chaos/albums/72157714573284962
Photo - https://mma.prnewswire.com/media/1692202/Artprice_Metaverse.jpg
artprice-nft.com
Photo - https://mma.prnewswire.com/media/1692203/Artprice_NFT_Bill.jpg
This prediction is based on the economic reality of the NFT medium as it is
today and its almost unlimited potential in the rapidly emerging Multiverse of
Metaverses.
It is also based on the history, economic model, eco-responsible choices and
disruptive philosophy that are part of the DNA of Artprice by Artmarket, which
has always sought to place artists at the heart of the Art Market.
In order to appreciate the dimensions and magnitude of what might loosely be
termed the 'NFT phenomenon', one needs to start by digesting the following
fact: by the end of the third quarter of 2021, NFTs had generated 45 billion
dollars around the world!
With its pioneering digital experience on the Internet for almost a quarter
century and its leading position in the collection, exploitation and delivery
of art market information, Artprice by Artmarket is perfectly positioned to
capture a significant portion of this new market – at least several tens of
millions of euros – because its clients are already key art market players all
over the world.
According to a Harris survey, 11% of American adults have already purchased an
NFT. However what makes this figure so stunning is that they had never before
bought an artwork. This suggests the existence of a colossal reservoir of new
buyers who will inevitably generate new sources of income... and that's just in
the USA.
Financial analysts at Jefferies – a prestigious American investment bank – are
expecting the NFT market to double in value in 2022 and believe it very likely
to represent at least $80 billion in 2025. It is important to remember that the
current non-digital secondary art market is worth approximately $10 billion a
year. We are therefore looking at a massive new growth driver and a complete
change in the dimension and structure of the global art market. (Jefferies is a
highly influential broker on global financial markets and is listed as a
Fortune 1000 company in the United States).
Meanwhile, Brian Armstrong, CEO of Coinbase (market cap of $73 billion) has
speculated that sales of NFTs could overtake cryptocurrency trading. At the
company's latest earnings conference call, he said that its future may soon lie
in the NFT market.
"We are very excited about NFTs, this is going to be a very large market for
crypto going forward, and it is already happening today. It could be as big, if
not bigger, than the company's cryptocurrency business" he said.
Caty Tedman, Head of Partnerships at Dapper Labs and leader of the NBA's Top
Shot digital collectibles project told CNBC, "NFTs are here to stay."
According to a Reuters press dispatch dated November 17, 2021: 'On the biggest
NFT marketplace, OpenSea, there were $2.6 billion of sales in October this
year, a massive increase from the $4.8 million in October 2020'.
These estimates and opinions all suggest that the NFT market has gone from a
niche market to a multi-billion dollar market in just a few months.
Artmarket.com therefore plans to use its key position in the art market to
become a key player in the fine arts segment of the NFT universe/metaverse,
which – far from peaking – is growing like wildfire. We firmly believe this
sphere is now in its infancy and that Artprice by Artmarket will become one of
the reference players in an industry already on track towards exponential
growth.
According to thierry Ehrmann – Artmarket.com's CEO, founder of Artprice and CEO
of Server group, an "Internet pioneer" since 1987 and Artprice's reference
shareholder –
"In historic terms, the nearest thing to the impact of NFTs on the art world
was the paradigm shift we now call the 'Renaissance'. Not since then has there
been such a massive transfer of power into the hands of artists, because it was
thanks to Johannes Gutenberg's printing press that artists were able to print
editions of their work.
The Renaissance allowed artists to generate incomes and to control their
production independently in their workshops and factories. Today with NFTs, we
are experiencing a similar paradigm shift."
Artprice by Artmarket's Metaverse Manifesto
Artprice's Metaverse will allow the emergence and liberation of artistic
creativity, backed by 25 years of expertise in the economy of artistic
creation. In order to be free in their 'FabLabs', artists need to overcome
obstacles and technological barriers.
The Metaverse is not a 2D or a 3D world. It is about the dematerialization of
the physical world towards a new universe where once impossible experiences
become possible.
During the 21st century's Enlightenment, the art world will be reshaped around
virtual creation and the virtual (but very real) economy, allowing the
emergence of a genuinely boundless space for artists to express themselves.
Even in the virtual world of the Metaverse, singularity will remain one of the
most prized qualities.
Artprice by Artmarket's Metaverse will allow the emergence of a creative
interaction within an artistic community where collectors and artists will
generate an entirely new narrative. The Metaverse will be the basis for a
social 'immersion' generating precisely the interaction that artists seek, thus
propelling the art market deeper into the Metaverse.
We are in effect talking about a vast "push and pull" ecosystem where all the
actors of the art market, including artists and collectors, will share a
'community content'. Artists will be at the center of the Metaverse. The
artist's 'FabLab' will be open in real time to the community through the
Metaverse.
Experiences within the Artprice Metaverse will be increasingly immersive, with
artists having access to all the necessary technologies both easily and
cheaply, generating a virtuous economy.
The Artprice Metaverse will support, among other things, art market events such
as art fairs and exhibitions which, in their current format, have a seriously
negative carbon impact. These events will thus be reborn in the Metaverse by
being at last constantly present with their community of artists, gallery
owners, collectors and enthusiasts.
The organization of Artprice's clean rooms and its data clouds across
continents is a question of space computing, allowing hybrid (i.e. real /
virtual) computing, which ensures the permeability between the physical world
and the Metaverse.
The Metaverse of Artprice's head office is located deep within the Organe
Museum of Contemporary Art which manages the Abode of Chaos. To create the
Metaverse of this singular architecture and Total Artwork by thierry Ehrmann,
the European group TT Géomètres Experts and its 3D Lab conducted, from 2020 to
2021, a complete digitization of 6,300 artworks integrated into the buildings,
outbuildings and perimeter walls over 7,555 m², thereby generating a digitized
heritage of 1.2 Terra-Bytes.
The Artprice Metaverse – currently under development – is being designed so
that people can forget about rigid IT, a real obstacle to creation.
Artprice by Artmarket's Research & Development has been working for five years
on non-intrusive interfaces that allow people to access augmented and virtual
realities.
Clearly, 5G mobile networks – with their spectrum of miniscule frequencies –
allow an opening towards the Metaverse and connection to the 'Internet of
Things'.
In the real world, we have a universe made up of millions of galaxies; in the
virtual world – the next generation of Internet – we will have a multiverse
made up of millions of metaverses.
However, the most relevant Metaverse to Art History will be the one that is
most relevant to artists and the art community: the Artprice
Metaverse...
The Artprice Metaverse Manifesto is quite simply an invitation to the new era
of Enlightenment.
#ArtMarket by #ARTPRICE $ PRC #NFT #CryptoArt #metaverse #DigitalArt #NFTs
#MarketPlace #BTC #ETH #OpenSeaNFT #raribleNFT #Ethereum #Manifesto
Images:
https://www.flickr.com/photos/home_of_chaos/50015697223
https://imgpublic.artprice.com/img/wp/sites/11/2021/11/image2-artprice-NFT-bill.jpg
Copyright 1987-2021 thierry Ehrmann www.artprice.com - www.artmarket.com
- Don't hesitate to contact our Econometrics Department for your requirements
regarding statistics and personalized studies: econometrics@artprice.com
- Try our services (free demo): https://www.artprice.com/demo
- Subscribe to our services: https://www.artprice.com/subscription
About Artmarket:
Artmarket.com is listed on Eurolist by Euronext Paris, SRD long only and
Euroclear: 7478 - Bloomberg: PRC - Reuters: ARTF.
Discover Artmarket and its Artprice department on video: www.artprice.com/video
Artmarket and its Artprice department was founded in 1997 by its CEO, thierry
Ehrmann. Artmarket and its Artprice department is controlled by Groupe Serveur,
created in 1987.
See certified biography in Who's who (C):
https://imgpublic.artprice.com/img/wp/sites/11/2021/06/Biographie_nov2020_WhosWho_thierryEhrmann.pdf
Artmarket is a global player in the Art Market with, among other structures,
its Artprice department, world leader in the accumulation, management and
exploitation of historical and current art market information in databanks
containing over 30 million indices and auction results, covering more than
770,000 artists.
Artprice by Artmarket, the world leader in information on the art market, has
set itself the ambition through its Global Standardized Marketplace to be the
world's leading Fine Art NFT platform.
Artprice Images(R) allows unlimited access to the largest Art Market image bank
in the world: no less than 180 million digital images of photographs or
engraved reproductions of artworks from 1700 to the present day, commented by
our art historians.
Artmarket with its Artprice department accumulates data on a permanent basis
from 6300 Auction Houses and produces key Art Market information for the main
press and media agencies (7,200 publications). Its 5.4 million ('members log
in'+social media) users have access to ads posted by other members, a network
that today represents the leading Global Standardized Marketplace(R) to buy and
sell artworks at a fixed or bid price (auctions regulated by paragraphs 2 and 3
of Article L 321.3 of France's Commercial Code).
Artmarket with its Artprice department, has been awarded the State label
"Innovative Company" by the Public Investment Bank (BPI) (for the second time
in November 2018 for a new period of 3 years) which is supporting the company
in its project to consolidate its position as a global player in the market art.
Artprice's 2020/21 Contemporary Art Market Report by Artmarket.com:
https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2021
Artprice by Artmarket's 2020 Global Art Market Report published in March 2021:
https://www.artprice.com/artprice-reports/the-art-market-in-2020
Index of press releases posted by Artmarket with its Artprice department:
serveur.serveur.com/press_release/pressreleaseen.htm
Follow all the Art Market news in real time with Artmarket and its Artprice
department on Facebook and Twitter:
www.facebook.com/artpricedotcom/ (over 5,4 million followers)
twitter.com/artmarketdotcom
twitter.com/artpricedotcom
Discover the alchemy and universe of Artmarket and its artprice department
https://www.artprice.com/video headquartered at the famous Organe Contemporary
Art Museum "The Abode of Chaos" (dixit The New York Times):
https://issuu.com/demeureduchaos/docs/demeureduchaos-abodeofchaos-opus-ix-1999-2013
L'Obs - The Museum of the Future: https://youtu.be/29LXBPJrs-o
www.facebook.com/la.demeure.du.chaos.theabodeofchaos999 (4.4 million followers)
Logo - https://mma.prnewswire.com/media/1009603/Art_Market_logo.jpg
Contact Artmarket.com and its Artprice department - Contact: ir@artmarket.com
Source: Artmarket.com
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