Brian Droitcour
Two Trends in NFT Art
Of course, the NFT market now is tiny compared to what it was in 2021. It’s not as easy for artists to sell whatever digital file they mint as it was four years ago. And yet there are artists who still release NFT collections, and collectors who still buy them.
Markets and communities have formed around two genres that are the most significant trends in NFT art of the last few years. One is blockchain formalism—art that reflects on the relationships enabled by blockchain infrastructure and gives them a visual form that draws on aesthetics of computing. This is art that cannot be made without blockchains and without software. It makes sense for it to be traded using NFTs, and for it to be collected by people who care about web3 and want to sustain an artistic culture around it.