Last month, Catchy attended the biggest and longest-running Ethereum event in the world—ETHDenver. Among thousands of crypto-curious attendees was a backdrop of art installations, interactive media, and galleries. Psychedelic LED wall installations, spray-painted street murals, and interactive experiences are part of the rising categories of art that are an essential part of the Web3 culture.
The most popular artform at ETHDenver, and the topic on everyone’s mind, were Non-Fungible Tokens (NFTs). In the last few years, there has been an explosion of NFTs that have entered the mainstream, but for many these digital art pieces are still shrouded in mystery. What is an NFT? What does digital ownership mean? Are NFTs the future of art, or just a fad?
We spoke with NFT artists and Web3 experts in order to understand the current state of NFTs, how they are being used, and what this technology will look like in the near future.