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

World’s Worst Performing Currency, the Cedi, Reverses Gains — Economist Steve Hanke Says Ghana Inflation Now Over 140%
World"s Worst Performing Currency, the Cedi, Reverses Gains — Economist Steve Hanke Says Ghana Inflation Now Over 140% Just days after registering marginal gains against the U.S.
BTC price inches up with US stocks as Bitcoin bulls fight for $65K
William Suberg8 hours agoBTC price inches up with US stocks as Bitcoin bulls fight for $65KBitcoin sees a round of automated selling as BTC’s price vies with battered US stocks for a short-term recovery.1532 Total view
Nigeria Central Bank Governor Says CBDC Launch Just ‘a Couple of Days’ Away
Nigeria Central Bank Governor Says CBDC Launch Just "a Couple of Days" Away The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has confirmed the country’s u
Dogecoin Price Could Shoot Up To $2.74 – Here’s The Support Level To Watch
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
Tom Mitchelhill6 hours agoBinance Australia GM ‘really confident’ regulators will side with cryptoBen Rose is hopeful that Binance Australia’s banking woes will be relieved by positive regulation in the future.2671
Understanding TRON Grand Hackathon 2022 Season 3 and the Hacker House Event
Understanding TRON Grand Hackathon 2022 Season 3 and the Hacker House Event TRON is a layer-1 blockchain utilizing a delegated proof of stake consensus mechanism. Its eco-friendly
Coinbase Partners With World’s Largest Asset Manager Blackrock to Give Aladdin Clients Access to Cryptocurrencies
Coinbase Partners With World’s Largest Asset Manager Blackrock to Give Aladdin Clients Access to Cryptocurrencies On August 4, the head of Coinbase Institutional, Brett Tejpaul,
Rapid Profits: Bitcoin Hashrate Accelerates While Mining Difficulty Touches All-Time High
Rapid Profits: Bitcoin Hashrate Accelerates While Mining Difficulty Touches All-Time High The Bitcoin network’s hashrate has been operating at very high pr
Alice Ivey14 hours ago5 peer-to-peer (P2P) lending platforms for borrowers and lendersDiscover five platforms — Aave, Compound, MakerDAO, dYdX and Fulcrum — that are transforming lending and borrowing through decentr
Prashant Jha47 minutes agoBusan is developing an Ethereum-compatible mainnet to become a ‘blockchain city’The city administration behind the project aims to make Busan a blockchain city and has launched a $75-million
Report: Constitutional Court Says Central African Republic’s Sango-Coin-for-Citizenship Scheme Is Illegal
Report: Constitutional Court Says Central African Republic"s Sango-Coin-for-Citizenship Scheme Is Illegal A constitutional court in the Central African Republic has reportedly rule
Daily Earnings of Typical Axie Infinity Player ‘Fall Below the Philippines’ Minimum Wage Line:’ Report
Daily Earnings of Typical Axie Infinity Player "Fall Below the Philippines" Minimum Wage Line:" Report This year, the Sky Mavis-crafted blockchain game Axie Infinity has seen incre