In the midst of a media cycle dominated by the ongoing pandemic, last week’s news that Christie’s sale of artist Beeple’s Everdays for a staggering $69 million made its way into national headlines. A rarity for any art event even in normal times. This served as a watershed moment for the growing online community of crypto collectors, whose use of blockchain technology and platforms like SuperRare to acquire digital art sold as Non-Fungible Tokens (or NFTs for short) has shaken up art sales in ways that are only now starting to become clear.
The sale and issue of artworks based around these new technologies has created a market for art and art collectors not traditionally represented in the industrial ecosystem of galleries, auction houses, institutional buyers and advisory firms.
Many in the boom herald its ascendence as an “evolution” in artistic practice, echoing some of the language used in the industries they have predominantly earned their money in over the past decade plus. Kept out of the rigid social structure in the art world that dictates who buys art historically, collectors of NFT-based art feel they have subverted this system in a way that is, at the same time, opening doors to artists like Beeple and others who were previously limited by the “gatekeepers” of the highly-stratified professional class.
Now even some of those old school entities like Christie’s and Sotheby’s are cashing in on the trend in a move their detractors view as a transparent effort to wrest control of the industry back into the hands of institutions and a monied elite. However, many gallerists, curators, museum directors and traditional kinds of collectors are decrying the movement as being populated by the socially unacceptable, widening inequality even further, and, in the end, accelerating a trend for art to be sold into private hands without even a modicum of motivation to be anything other than decorative, amoral and anti-intellectual.
While the discussion surrounding NFT art is clearly centered around the politics and economics of who gets to buy it, it has created a place for artists to explore a medium not previously regarded for its potential and artistic merits. To those who see the opportunity for artists using blockchain, the next logical step might be to speculate over NFTs spillover into architecture and the ramifications that its application could have for the design world in years to come.
Architecture was already facing major changes as an industry after Covid, but what kind of impact will this pop-up trend have on the field, which lacks the investment, commercial infrastructure and product base available to artists and their patrons driving the boom that has captured the attention of so many in the fine arts industry.
First of all, there are different types of NFTs being offered by designers and architects, like this house by Krista Kim, an artist who worked through the pandemic to make the $59,000 (30 Ethereum tokens) sims-like house that, she says, will serve as a springboard for her real-world furniture that she hopes to sell in the near future. We’ll have to wait on Kim’s prophecy of an augmented reality in which we live through personalized avatars in digital dwellings similar to her Mars House, but in the meantime, the next and most obvious application of the NFT seems to be furniture: like Andrés Reisinger’s 10-piece set of virtual furniture that hammered at $450,000 via the online platform Nifty Gateway, a three-year-old marketplace that offers buyers different “drops” similar to various Millennial-centric streetwear lines like Supreme and Palace.
Reisinger’s suite of “impossible objects” can be placed in metaverses such as Second Life and Minecraft and come with physical counterparts the Argentinian designer says he is still working to complete.
3D artist Alexis Christodoulou recently sold his rendering of nine varied “dreamscapes” in an online auction for over $340,000. Christodoulou had previously used the medium for escapist qualities and is now jumping on the NFT bandwagon to amass a fortune. His Instagram famous designs were inspired by a slate of prominent architects, have a real architectural quality, and showcase the benefits of paying attention to conceptual designers like Kim and Reisinger who have a strong foothold in the digital realm and can collaborate with architects that might otherwise overlook their practice as being somehow not relevant to the trade.
Although the possibilities for NFTs and the design community seem tantalizing, some see its contributions and reach as being very limited: the product of a media phenomenon scared up more by the attention paid to high rolling cryptocurrency investors and not to the artistic endeavors into which their money is being poured.
“I don’t think it's particularly transformative,” Liam Young, an architect and lecturer at SCI-Arc told me when I reached him via email, “I’m not sure why finding new ways to participate in an art market we already know to be broken makes any sense for architects and equally the arbitrary construction of scarcity in order to establish value also seems to deny the potential of architectures wider cultural/social agency.”
I’m not sure why finding new ways to participate in an art market we already know to be broken makes any sense for architects" - Liam Young
“I feel that there are more strategic and innovative ways to monetize the skill set of architects than trying to find new ways into a corrupt art market,” he said, “My reservations lie more with the system itself rather than its consequences.”
A quick guess of how far said consequences could extend into non-fictional architecture should the NFT craze continue unabated instead of cooling off much the way the crypto-fueled Gamestop shorting frenzy did in January yields very little in the way of tangibility. Perhaps a virtual walkthrough of a demolished Paul Williams house brought back to life in a museum could bring in a new audience; or possibly the plans for a far-off and much-anticipated new building can be exhibited in local venues to people limited by their geographic mobility. Maybe 3D printing will evolve in permutations unforeseen that will allow for a new revolution in the ways architecture itself impacts a broad range of human life and activity as shaped by the NFT. But for now, it remains to be seen what the impact of the trend can have outside of a small group of designers working on the 3D fringe of digital art. Adaptability, along with a committed effort on the part of trained architects to engage with the new platform will serve as determining factors in what for now is only beginning to come into view as an asset in the age-old arenas of invention and human creativity.
Josh Niland is a Connecticut-based writer and editor. He studied philosophy at Boston University and worked briefly in the museum field and as a substitute teacher before joining Archinect. He has experience in the newsrooms of various cultural outlets and has published writing ...
4 Comments
The NFT craze is just another investment scam. "Investors" don't care what they are investing in - they only care about returning a profit. The Beeple sale is not an investment in art - it is a carefully designed promotional event for Ethereum; Beeple is just the promotional vehicle. To prove my point, one of the buyers is an investor in block-chain technolog, and trading in NFTs increased over 2,800% between December and February.
I wrote a piece about this last week. Since then it has been discovered that the "art" Beeple-Crap (see beeple-crap.com) sold at auction is littered with racist and homophobic imagery. Beeple immediately converted the NFT to cash dollars and said NFTs are “absolutely" a bubble.
After decades of the Federal government pouring so much money into Wall Street that banksters and the obscenely rich literally do not know what to do with it. Thus crypto, NFTs, and Beeple-crap's $69m digital "art" sale.
Aside from that: Architecture is not art.
The logistics side of material tracking could be interesting if adding tokens justifies cost savings at the owners' end. As for artistic pursuits, hey - there's a whole business designing virtual showrooms and still lifes for gamers and companies showcasing their products. Good for designers already well versed in 3D rendering. More assets for all the money produced during a decade of ZIRP to hoover up.
Dezeen had an interesting update to that 3D house project: The renderer wants to share credit as his contribution was just as important as the "design", which to be frank, appeared to be a rough 3D model that the renderer turned into the polished asset that grabbed headlines.
what does this mean for architecture... not much. it's just capitalism.
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