Kang also intends to pass the work onto his future children. In the case of the crypto-investor and digital artist, patronage goes beyond the typical benefits of the artist-patron relationship. The NFT unites them in a common vision of a better world brought about by this disruptive technology.
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In a way, the immense fortunes that digital artists have amassed is proof of concept: a global, decentralized economy, lacking middlemen and regulation, does indeed generate wealth outside of its typical circulation amongst the elite. Within this dynamic is an alluring permeability. A young crypto-miner like Luken has some degree of relationship with Winkelvoss by virtue of owning editions of the same piece, and digital artists find themselves rubbing shoulders with leaders in crypto. The promise of a radically different social and economic interaction between classes and types of people has come to life, for certain people — but for how long?
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Early internet adopters had that similar feeling of a global, democratic, accessible forum, but soon enough that early promise dissipated as digital spaces were monetized and billions more people began to participate. While the potential to make thousands in NFTs as a digital artist exists, the range of artists actually benefiting from the recent market jumps is hard to quantify. Those involved in the crypto world recognize that how this technology is utilized and evolves over time depends on how they help to shape it in its infancy.
For his part, Kang created the Sevens Genesis Grant for digital artists to address the barriers that prevent them from making their own NFTs. The grant will provide funds to cover the costs of NFT minting, educate digital artists on the technology behind NFTs, and highlight their work. I really wanted to just go do something that really can provide equal opportunity for artists across the globe. All Rights reserved. March 9, am.
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