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Digital Art

The Digital Innovators Reshaping the Art World

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Source: Observer

There’s no question that we’re past peak NFT. The market for those non-fungible units of data that live on the blockchain and look like darling little jpegs has fallen off significantly, much like the cryptocurrency market with which they are so closely aligned. Art NFTs (as opposed to collectibles) attained just under $1.5 billion in sales on platforms outside the art market in 2022, far off their high of $2.9 billion in late 2021. “The decline in value was much greater for art-related NFTs than other segments, and they accounted for just 8% of the value of NFT sales on the Ethereum network in 2022 (versus 67% for collectibles-based NFTs),” according to this year’s Art Basel and UBS Art Market Report.

Read more: https://observer.com/list/the-digital-innovators-reshaping-the-art-world/

Digital Art

Digital Art Board Market Size, Share and Forecast By Key Players-Wacom, Huion, UGEE, ViewSonic, Samsung

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Source: Open PR

According to the MRI Team’s Market Research Intellect, the global Digital Art Board market is anticipated to grow at a compound annual growth rate (CAGR) of 15.01% between 2024 and 2031. The market is expected to grow to USD 39 Billion by 2024. The valuation is expected to reach USD 103.81 Billion by 2031.

The market for digital art boards is expanding quickly because to the growing acceptance of digital art and design in a variety of sectors. The need for sophisticated digital art tools is growing as creative content appears more frequently in media, entertainment, and advertising. Academic institutions are progressively using digital art boards into their courses to encourage student uptake. Digital art boards are becoming more functional and enjoyable to use thanks to technological developments, which will appeal to both hobbyists and professional artists. Since digital art boards promote creative collaboration and effective workflow in virtual environments, the trend toward remote working and learning is also driving market expansion.

Read more: https://www.openpr.com/news/3579902/digital-art-board-market-size-share-and-forecast-by-key

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Digital Art

Abhay Sehgal’s Surrealist Art Ponders The Fears & Fantasies Of The Digital Age

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Source: Homegrown

Emerging like revelatory visions from the deep psyche, Abhay Sehgal’s paintings elicit a multidimensional experience encompassing the human condition in all its complexities. His artworks are their own worlds that you can enter and spend a good amount of time in, cradled amongst the neural connections they spark. 

An Indian-born contemporary artist now residing in Miami, Abhay stands out in the art world for his unique focus on surrealism. A graduate of the School of the Art Institute of Chicago, he delves into the realms of dreams and psychology through his illustrations and animations. His works, which blend elements of visual effects and various mediums, explore the ideologies of fear and fantasy, drawing viewers into a reality that mirrors nature’s own fantastical elements.

Read more: https://homegrown.co.in/homegrown-creators/abhay-sehgals-surrealist-art-ponders-the-fears-fantasies-of-the-digital-age

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Digital Art

UK general election: can artists show the way for policymakers to enable a new digital economy?

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Source: The Art Newspaper

For the digital art community, life has changed since the 2021 explosion of interest in NFTs (non-fungible tokens) that certify provenance and ownership of works of art. The precipitous drop in value of some cryptocurrencies, the far-reaching bankruptcy of the crypto exchange FTX, and the ascent of generative AI (artificial intelligence) have all drawn focus away from smart contracts—computer programs that execute transactions automatically—as a way of engineering equity for artists

Read More: https://www.theartnewspaper.com/2024/07/01/uk-general-election-can-artists-show-the-way-for-policymakers-to-enable-a-new-digital-economy

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