🌤 The Bright Side of this Crypto Crash for NFT Art

Some thoughts about the current market situation…

Today’s newsletter edition is sponsored by Rove.

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Many actors and worldwide events are driving this crypto crash. Inflation, the traditional stock market, and goods prices are trending in the wrong direction (Luna and other crypto scandals aren’t helping). These events affect crypto and NFTs like all industries; there is just no scaping.

My goal today is to share positive views and some ideas to calm down during these rough times.

The Future Rerun #3 — Sol Slicer by Poppel

Art has an intrinsic value that goes beyond crypto and NFTs

Art has existed for over 45k years… And it has been one of the most prosperous asset classes in recent times. This crypto crash isn’t changing that.

“Since 1985 contemporary art has been the best bet for investors of the asset class, returning an average of 7.5% per year, Citi said in a report using data from Masterworks.io. Impressionist art averaged 5.0%, while the art market as a whole returned 5.3% annually.”

Taken from Buy a Monet instead of a Treasury? Art has shown long-term returns that rival bonds

Gen-Art NFTs are a new form of art made possible by blockchain technology

Last year I wrote 5 Reasons why Gen-Art NFTs are something special. There is something very innovative about this whole environment, and the masses are starting to notice. It begins with art lovers and expands to tech enthusiasts. The concept is just too neat.

The traditional art world is noticing and trying to catch up. This crypto crash isn’t changing any of that.