NFT 101: Your Guide for Navigating NFTs in 2023 and beyond

Natalee — Mon, 14 Aug 2023 17:21:53 +0000

The Science Behind NFTs: Ensuring the Authenticity of Digital Art through Blockchain Technology

In the contemporary art scene, the concepts of authenticity and originality have always been pivotal. Yet, with digital art becoming more prevalent, ensuring the genuineness of a piece became a nuanced challenge. This challenge was met head-on with the advent of Non-Fungible Tokens (NFTs) and the revolutionary blockchain technology that backs them.

1. What are NFTs

At its core, an NFT, or Non-Fungible Token, is a distinct digital asset that’s secured and verified through blockchain technology. This ensures that each token (typically representing a piece of digital art) is truly unique and cannot be duplicated. This is a departure from traditional cryptocurrencies like Bitcoin or Ethereum, which are fungible and interchangeable on a like-for-like basis. Each NFT has a set of unique attributes that make it distinct and therefore non-replaceable.

2. Demystifying Blockchain’s Role in Authenticating Digital Art

Blockchain can best be described as a decentralized digital ledger, chronicling a chain of transactions. Each recorded transaction is transparent and nearly impervious to modifications. Here’s a detailed breakdown of how it bolsters the authenticity of digital art:

Immutable Records: After an artwork is minted as an NFT on the blockchain, this action forms an indelible record. Subsequent ownership transfers append to this initial record, facilitating a crystal-clear provenance trail of the artwork.
Transparent Provenance: Blockchain’s transparency provides a dual advantage. Artists can irrefutably claim original creation rights, while collectors can ascertain the legitimacy of the artwork. Every change in ownership, bid, or transfer is documented, offering a comprehensive history of an NFT.
Smart Contracts and their Efficacy: Smart contracts are essentially automated contracts with terms of agreement encoded directly into lines of code. These can be seamlessly integrated into NFTs. For instance, they can be structured to ensure artists get a specified percentage of sales as royalties whenever the artwork exchanges hands, promoting fair economic practices in the digital art ecosystem.

3. Reshaping the Artistic Landscape

By offering a robust mechanism for verifying authenticity, blockchain technology and NFTs have elevated digital artistry, placing it on a pedestal historically reserved for traditional art mediums. Digital artists can now confidently monetize their creations without the looming threat of unwarranted replication or forgery. Conversely, collectors and investors can rest assured, knowing the digital assets they procure are exclusive and genuine.

4. Glimpsing into the Future: Art and NFTs

With rapid advancements in technology, the horizon seems promising. We foresee more refined methods of authenticating digital art, coupled with the diversification of NFT applications. Beyond art, sectors like music, literature, gaming, and even real estate are beginning to harness the potential of NFTs, signaling a profound shift in how we perceive value and originality in the digital age.

The synthesis of art and technology, as epitomized by NFTs and blockchain, is not just a fleeting trend. It’s a testament to the evolving paradigms of creativity, commerce, and authentication in the digital era.

The post NFT 101: Your Guide for Navigating NFTs in 2023 and beyond appeared first on NFT CULTURE.

Art Basel announces line-up of the world’s leading galleries for its 2022 edition in Basel

Natalee — Thu, 24 Feb 2022 12:09:22 +0000

With 289 leading galleries from 40 countries and territories, Art Basel will once again bring together the international artworld in June for a premier edition of its Swiss show
19 galleries – from across Europe, the Middle East, Africa, and the Americas – join the fair for the first time
The 2022 edition will again adopt a hybrid physical and digital format to engage the broadest audiences onsite and online
Art Basel, whose Lead Partner is UBS, will take place at Messe Basel from June 16 to 19, 2022

The 2022 edition of Art Basel this June will bring together 289 leading international galleries to present the highest quality artworks across all media – from painting and sculpture to photography and digital works – by artists ranging from early 20th-century Modern pioneers to cutting-edge contemporary practitioners. A strong line-up of galleries from across Europe will be joined by new and returning exhibitors from around the world, including Africa, Asia, North and South America, and the Middle East.

19 galleries will join the show for the first time, including two first-time participants from Africa: Jahmek Contemporary Art from Luanda and OH Gallery from Dakar. Newcomers to the fair also include: Athr Gallery, with exhibition spaces in Diriyah, Al-‘Ula, and Jeddah; Altman Siegel from San Francisco; Galería RGR from Mexico City; Proyectos Ultravioleta from Guatemala City; Gallery Sofie Van de Velde from Antwerp; Edouard Montassut from Paris; Veda from Florence; Ceysson & Bénétière, with spaces in Lyon, Paris, Saint-Etienne, Koerich, and New York; Mariane Ibrahim, with spaces in Paris and Chicago; Château Shatto from Los Angeles; Clearing, with spaces in Brussels, Los Angeles, and New York; Nicelle Beauchene Gallery from New York; Galerie Maria Bernheim, with spaces in Zurich and London; Laveronica arte contemporanea from Modica; Ivan Gallery from Bucharest; Nino Mier Gallery, with spaces in Brussels, Los Angeles, and Marfa; and PM8 / Francisco Salas from Vigo.

In recognition of the changing gallery landscape, this year Art Basel and its Basel Selection Committee relaxed its exhibitor application requirements, including the minimum number of exhibitions a gallery must hold per year, the need to have a permanent exhibition space, and the number of years the gallery must have been in operation. These changes in the requirements, which were first introduced for the 2021 edition of the show in Miami Beach, have now been adopted across all three of Art Basel’s shows, allowing the fair to welcome a broader range of first-time participants internationally.

‘We are looking forward to staging Art Basel’s first June show since 2019, especially with such a strong line-up of galleries, including the return of many who were forced by the pandemic to take a hiatus last year,’ says Marc Spiegler, Global Director, Art Basel. ‘This year’s quality and breadth of material will be on par with previous editions of our show – yet more diverse than ever before in terms of the galleries participating.’

Bringing together the fair’s physical and digital platforms, Art Basel Live will once again amplify onsite presentations in Basel to the broadest possible global audiences – transmitting the vibrancy and excitement from the show floor via a digital program comprising Online Viewing Rooms, virtual walkthroughs, and social media broadcasts.

The Basel show will return with compelling presentations across its special sectors: Unlimited, featuring large-scale installations that transcend the dimensions of traditional art-fair booths; Parcours, showcasing site-specific works throughout the city of Basel; Film; and Conversations, while the city’s Messeplatz will once again be activated with a site-specific intervention. More details on presentations across special sectors will be released in the coming weeks.

Gallery Name Exhibition Spaces
303 Gallery New York
47 Canal New York
A Gentil Carioca Rio de Janeiro, São Paulo
Miguel Abreu Gallery New York
Acquavella Galleries New York, Palm Beach
Air de Paris Paris
Galería Juana de Aizpuru Madrid
Andréhn-Schiptjenko Paris, Stockholm
Antenna Space Shanghai
Applicat-Prazan Paris
The Approach London
Art : Concept Paris
Alfonso Artiaco Naples
Balice Hertling Paris
von Bartha Basel, S-chanf, Copenhagen
Galerie Guido W. Baudach Berlin
galería elba benítez Madrid
Bernier/Eliades Athens, Brussels
Daniel Blau Munich
Blum & Poe Los Angeles, New York, Tokyo
Marianne Boesky Gallery New York, Aspen
Tanya Bonakdar Gallery Los Angeles, New York
Bortolami New York
Galerie Isabella Bortolozzi Berlin
BQ Berlin
The Breeder Athens
Ben Brown Fine Arts Hong Kong, London, Palm Beach
Galerie Buchholz Berlin, Cologne, New York
Buchmann Galerie Berlin, Lugano
Cabinet London
Campoli Presti Paris, London
Canada New York
Galerie Gisela Capitain Berlin, Cologne
Cardi Gallery Milan, London
carlier gebauer Berlin, Madrid
Carlos/Ishikawa London
Galerie Carzaniga Basel
Casas Riegner Bogotá
Galeria Pedro Cera Lisbon
Cheim & Read New York
Chemould Prescott Road Mumbai
ChertLüdde Berlin
Mehdi Chouakri Berlin
James Cohan Gallery New York
Sadie Coles HQ London
Contemporary Fine Arts Berlin
Galleria Continua San Gimignano, São Paulo, Beijing,
Havana, Les Moulins, Paris, Roma,
Paula Cooper Gallery New York, Palm Beach
Pilar Corrias London
Galleria Raffaella Cortese Milan
Galerie Chantal Crousel Paris
Thomas Dane Gallery London, Naples
Massimo De Carlo Milan, London, Paris, Hong Kong
Jeffrey Deitch Los Angeles, New York
dépendance Brussels
Di Donna New York
Ecart Geneva
Galerie Eigen + Art Berlin, Leipzig
galerie frank elbaz Paris
Essex Street/Maxwell Graham New York
Experimenter Kolkata
Konrad Fischer Galerie Berlin, Düsseldorf
Foksal Gallery Foundation Warsaw
Fortes D’Aloia & Gabriel Rio de Janeiro, São Paulo
Fraenkel Gallery San Francisco
Peter Freeman, Inc. New York
Stephen Friedman Gallery London
Frith Street Gallery London
Gagosian Hong Kong, Paris, Athens, Rome,
Basel, Geneva, London, Beverly Hills,
Galerie 1900-2000 New York Paris
Galleria dello Scudo Verona
gb agency Paris
Annet Gelink Gallery Amsterdam
Gladstone Gallery Brussels, Roma, New York
Gomide & Co São Paulo
Galería Elvira González Madrid
Goodman Gallery Cape Town, Johannesburg, London
Marian Goodman Gallery Paris, London, New York
Galerie Bärbel Grässlin Frankfurt
Gray Chicago, New York
Alexander Gray Associates New York
Howard Greenberg Gallery New York
Greene Naftali New York
greengrassi London
Galerie Karsten Greve St. Moritz, Cologne, Paris
Cristina Guerra Contemporary Art Lisbon
Galerie Michael Haas Berlin
Hauser & Wirth Hong Kong, Ciutadella de Menorca,
Gstaad, St. Moritz, Zurich, London,
Somerset, Los Angeles, New York
Hazlitt Holland-Hibbert London
Herald St London
Galerie Max Hetzler Berlin, Paris, London
Hollybush Gardens London
Edwynn Houk Gallery New York
Xavier Hufkens Brussels
Mariane Ibrahim Paris, Chicago
A arte Invernizzi Milan
Taka Ishii Gallery Tokyo, Hong Kong
Bernard Jacobson Gallery London
Alison Jacques London
Galerie Martin Janda Vienna
Catriona Jeffries Vancouver
Jenkins Johnson Gallery New York, San Francisco
JTT New York
Annely Juda Fine Art London
Kadel Willborn Düsseldorf
Casey Kaplan New York
Karma International Zurich
kaufmann repetto Milan, New York
Sean Kelly New York
Kerlin Gallery Dublin
Anton Kern Gallery New York
Kewenig Berlin, Palma de Mallorca
Edouard Malingue Hong Kong
Galerie Peter Kilchmann Zurich
König Galerie Berlin, Seoul, London
David Kordansky Gallery Los Angeles
KOW Berlin
Kraupa-Tuskany Zeidler (K-T Z) Berlin
Andrew Kreps Gallery New York
Galerie Krinzinger Vienna
Nicolas Krupp Basel
Kukje Gallery Busan, Seoul
kurimanzutto Mexico City, New York
Labor Mexico City
Galerie Lahumière Paris
Landau Fine Art Montreal, Meggen
Layr Vienna
Simon Lee Gallery London, Hong Kong
Lehmann Maupin New York, London, Seoul
Tanya Leighton Berlin, Los Angeles
Galerie Lelong & Co. Paris, New York
LGDR Paris, Hong Kong, London, New York
Galerie Gisèle Linder Basel
Lisson Gallery London, East Hampton, New York,
Shanghai
Luhring Augustine New York
Luxembourg + Co. London
Kate MacGarry London
Magazzino Rome
Mai 36 Galerie Zurich
Gió Marconi Milan
Matthew Marks Gallery New York, Los Angeles
Galerie Max Mayer Düsseldorf
The Mayor Gallery London
Fergus McCaffrey New York, Tokyo, St. Barth
Galerie Greta Meert Brussels
Anthony Meier Fine Arts San Francisco
Galerie Urs Meile Lucerne, Beijing
Mendes Wood DM São Paulo, New York, Brussels
kamel mennour Paris
Meyer Riegger Berlin, Karlsruhe
Galleria Massimo Minini Brescia
Victoria Miro Venice, London
Mitchell-Innes & Nash New York
Mnuchin Gallery New York
Modern Art London
The Modern Institute Glasgow
Jan Mot Brussels
mother’s tankstation limited Dublin, London
Galerie Vera Munro Hamburg
Galerie nächst St. Stephan Rosemarie
Schwarzwälder Vienna
Galerie Nagel Draxler Berlin, Cologne, Munich
Richard Nagy Ltd. London
Edward Tyler Nahem New York
Helly Nahmad Gallery New York
Galerie Neu Berlin
neugerriemschneider Berlin
Galleria Franco Noero Turin
David Nolan Gallery New York
Galerie Nordenhake Berlin, Mexico City, Stockholm
Galerie Nathalie Obadia Brussels, Paris
OMR Mexico City
P.P.O.W New York
Pace Gallery
Hong Kong, Seoul, Geneva, London,
East Hampton, New York, Palm Beach,
Palo Alto
Maureen Paley Hove, London
Peres Projects Berlin
Perrotin Hong Kong, Shanghai, Paris, Tokyo,
Seoul, New York
Petzel New York
Galerie Francesca Pia Zurich
Galeria Plan B Berlin, Cluj
Gregor Podnar Berlin
Galerie Eva Presenhuber Zurich, New York
ProjecteSD Barcelona
Almine Rech Brussels, Shanghai, Paris, London, New
York
Reena Spaulings Fine Art Los Angeles, New York
Regen Projects Los Angeles
Rodeo Pireas, London
Thaddaeus Ropac London, Salzburg, Paris, Seoul
Lia Rumma Milan, Naples
Esther Schipper Berlin
Galerie Rüdiger Schöttle Munich
Galerie Thomas Schulte Berlin
Sfeir-Semler Gallery Hamburg, Beirut
Jack Shainman Gallery New York
ShanghART Gallery Beijing, Shanghai, Singapore
Sies + Höke Düsseldorf
Sikkema Jenkins & Co. New York
Skarstedt
Paris, London, East Hampton, New York
Skopia / P.-H. Jaccaud Geneva
Société Berlin
Galerie Pietro Spartà Chagny
Sperone Westwater New York
Sprovieri London
Sprüth Magers Hong Kong, Berlin, London, Los Angeles
Nils Stærk Copenhagen
Galerie Gregor Staiger Zurich
Stampa Basel
Standard (Oslo) Oslo
Galleria Christian Stein Milan
Stevenson Cape Town, Johannesburg, Amsterdam
Galeria Luisa Strina São Paulo
Take Ninagawa Tokyo
Templon Brussels, Paris
Galerie Thomas Munich
Tokyo Gallery + BTAP Beijing, Tokyo
Tornabuoni Art Paris, Florence, Forte dei Marmi, Milan,
Crans Montana
Travesía Cuatro Guadalajara, Mexico City, Madrid
Galerie Tschudi Zuoz
Tucci Russo Studio per l’Arte
Contemporanea Turin, Torre Pellice
Galerie Georges-Philippe & Nathalie
Vallois
Paris
Van de Weghe East Hampton, New York
Vedovi Gallery Brussels
Vielmetter Los Angeles Los Angeles
Vitamin Creative Space Beijing, Guangzhou
Galleri Nicolai Wallner Copenhagen
Galerie Barbara Weiss Berlin
Wentrup Berlin
Michael Werner Gallery London, New York, Berlin, Cologne
White Cube London, Hong Kong
Barbara Wien Berlin
Galerie Jocelyn Wolff Paris
Galerie Thomas Zander Cologne
Zeno X Gallery Antwerp
ZERO… Milan
David Zwirner New York, London, Paris, Hong Kong
EDITION
Gallery Name Exhibition Spaces
Niels Borch Jensen Gallery and Editions Copenhagen, Berlin
Cristea Roberts Gallery London
mfc-michèle didier Brussels, Paris
Gemini G.E.L. Los Angeles
Sabine Knust Munich
Carolina Nitsch New York
Paragon London
René Schmitt Westoverledingen
Susan Sheehan Gallery New York
STPI Singapore
Two Palms New York