Transformation of the Art World
As technology advances, our social fabric transforms, and the art world continues to evolve. Not only can blockchain technology be used to establish provenance, uniqueness and ownership of digital art, artists are utilising the technology to establish new communities and interactions, changing the dynamics of the art world in unprecedented ways. How NFTs should be defined in the art world is still debatable but what’s certain is that NFTs are now part of a canon of art history, and will remain immutable on the blockchain.
Web3 and An Evolving Society
The evolution of technology is reflective of the changing needs and desires of human societies and civilisation. One of the most important disruptions brought about in the development of Web3 is the changing social dynamics of communities and business models that celebrate true ownership and participation. With the emergence of digital communities and a vision towards interoperability, perhaps there is a chance for us to shape the future development of Web3.