Fun

Latest West Africa Art Fair Features NFTs, Organizers Highlight Importance of Blockchain

News Feed - 2021-11-09 08:11:28

Latest West Africa Art Fair Features NFTs, Organizers Highlight Importance of Blockchain


The organizers of Art X Lagos, a West Africa art exhibition, recently kickstarted a non-fungible token (NFT) art fair that features the works of African artists drawn from more than six countries. Blockchain Provides Important Opportunity for Artists


In a statement made on Art X Lagos’ website, the organizers argue that blockchain is now providing digital artists with an opportunity to sell their work. They added that such a paradigm shift opens up the possibility of a more decentralized and more collaborative economy, where creators can lead the way towards a more inclusive, and more diverse society.


To demonstrate the extent of Art X Lagos’ determination, the organizers, alongside Superrare — a digital art market on the Ethereum blockchain — recently kickstarted the art fair. According to a report, the physical version of this fair began on November 4 and was expected to end on November 7. The online fair, on the other hand, is expected to end on November 21.


NFTs Getting More Support in Africa


Meanwhile, in their statement, the organizers also took to time to explain why they are especially supportive of NFTs. The statement explains: As West Africa’s first international art fair, Art X Lagos recognises the importance of contributing to the development of our rich burgeoning African digital art scene, and with this project, we hope to provide a glimpse into the future of art-making and collection on the continent, whilst highlighting the enormous potential of NFTs in the development of Africa’s creative ecosystems.


Prior to the fair’s commencement, a prominent Nigerian artist and co-curator of the exhibition, Osinachi, was quoted expressing his appreciation of the work Art X Lagos is doing to help Africa’s digital artists.


He added that he would use his own experience as a digital artist to lay the groundwork for the success of other African artists who he says are poised to explore the space.


What are your thoughts about this story? Tell us what you think in the comments section below. Stablecoin Valuations Continue to Swell, MIM and MUSD Market Caps Increase by Triple-Digits in 30 Days ALTCOINS | 3 days ago Coinbase Makes Shiba Inu Crypto Available to New York Residents After Adding SHIB Trading Pairs ALTCOINS | 4 days ago Tags in this story Art X Lagos, Decentralized, Digital Artist, Ethereum blockchain, nft, Osinachi


Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments

News Feed

Authy 2FA app leaked phone numbers that may be used for text phishing
Christopher Roark3 hours agoAuthy 2FA app leaked phone numbers that may be used for text phishingTwilio, the developer of the Authy authenticator app, said user phone numbers were leaked to attackers but accounts themsel
Payments Giant Paypal Says Its Customers Can Now Buy and Sell Bitcoin
Payments Giant Paypal Says Its Customers Can Now Buy and Sell Bitcoin Payments giant Paypal says its customers can now buy, sell and hold bitcoin and other virtu
Huobi Launches Blockchain and Web3 Investment Arm Ivy Blocks
Huobi Launches Blockchain and Web3 Investment Arm Ivy Blocks Huobi, a leading cryptocurrency exchange, has announced the creation of a new investment arm to tackle decentralized fi
Warren Buffett has Enough Spare Cash to Buy Two-Thirds of All Existing Bitcoin
Warren Buffett isn’t much of a bitcoin fan. He’s called it rat poison squared, a gambling device, delusional, and a seashell with no inherent value. But, if he wanted
Phemex Is Bringing Its Community’s Dreams to Life Celebrating Its Second Anniversary
Phemex Is Bringing Its Community’s Dreams to Life Celebrating Its Second Anniversary sponsored Singapore-based cryptocurrency exchange Phemex is celebrating its 2nd anniversary th
Amaka Nwaokocha12 hours agoNigeria and UK foundation launch Code Clubs for digital literacyNigeria’s communication ministry said the Code Clubs will introduce young participants to coding and digital technology and enc
PEPE Shows Strength With A Firm Grip Above This Key Support Zone
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Ciaran Lyons6 hours agoFTX court filing reveals former Alameda CEO’s $2.5M yacht purchaseThe payment to the American Yacht Group was disclosed under the category of payments benefiting any insider within one year befor
PSF Token Invokes the First Coin-Age Staking Protocol on Bitcoin Cash
PSF Token Invokes the First Coin-Age Staking Protocol on Bitcoin CashDuring the last six months, the Simple Ledger Protocol has grown immensely and there’s been 9,604 SLP toke
Nigerian Blockchain Advocacy Group Says ‘Crypto Is Legit’ — Calls for Regulation of Industry
Nigerian Blockchain Advocacy Group Says "Crypto Is Legit" — Calls for Regulation of Industry The Nigerian blockchain advocacy group, the Stakeholders in Blockchain Technology Ass
Half of the 10 most valuable companies on Earth are making metaverse hardware
Tristan Greene3 hours agoHalf of the 10 most valuable companies on Earth are making metaverse hardwareThe metaverse is dead, long live the metaverse.1430 Total views4 Total sharesListen to article 0:00NewsOwn this piece
Bitcoin STH Average Cost Basis At $90,950 — Why Is It Relevant?
Este artículo también está disponible en español. The Bitcoin price continues to dance within the newly formed $80,000 – $85,000 range, showing some level of indeci