Viewpoint: The NFT market should promote “underrepresented artists and art forms”

According to reports, Amberfi CEO JD Lasica stated that the NFT market should promote “underrepresented artists and art forms.” Western art continues to dominate the NFT field and is often seen as more valuable and prestigious than art from other cultures, which may limit the visibility and recognition of non Western art forms. Instead, Web3 can eliminate cultural boundaries.

Interpretation of this information:

The CEO of Amberfi, JD Lasica, made a statement regarding the NFT market and the need to promote underrepresented artists and art forms. Highlighting the dominance of Western art in the NFT field, Lasica emphasized the importance of recognizing and elevating non-Western art forms as well. This, in turn, will help to eliminate cultural boundaries through Web3 technology.

The NFT (Non-Fungible Token) market has seen a significant surge in recent years, with top auction houses and galleries exploring newer ways of integrating these digital assets into the traditional art world. However, there has been criticism about the lack of diversity in the types of art being promoted, with Western art forms generally dominating the market.

Lasica’s message rightly points out that promoting underrepresented artists and art forms will help to bring greater visibility and recognition to non-western art, which is often overlooked. This can lead to greater appreciation for culture, traditions, and artistic expressions that differ from the mainstream. Additionally, it can create a more inclusive and diverse market space that is reflective of the world’s varied cultures.

Furthermore, Lasica states the potential for Web3 technology to help eliminate cultural boundaries. Web3 is a decentralized framework that allows for a more fair and accessible distribution of wealth and ownership. This could benefit underrepresented artists who have previously faced challenges in gaining visibility and recognition for their works.

In conclusion, JD Lasica’s message is an important reminder that the NFT market has the potential to be more than just a space for trading digital assets. It can be a platform for promoting diversity and inclusivity by highlighting art forms from various cultures and giving artists a greater share of the market. The three keywords that summarize this message are NFT market, underrepresented artists, and Web3.