State of Digital Art Display: 2023 MidYear–New Blockchains, A Challenging Economic Environment for Artists, Near Ground-Stop on New Display Products, Alternate Options to Get Your Digital Art Fix
The world of digital art display and Non-Fungible Tokens (NFTs) has witnessed significant developments in 2023, marking a pivotal midpoint in the year. While new blockchains have emerged to support NFTs, artists have faced a challenging economic environment.
Furthermore, the anticipated surge in new display products seems to have hit a roadblock. However, despite these setbacks, there are still alternate options available for art enthusiasts to explore and satisfy their appetite for digital art.
In this blog post, we will delve into the state of digital art display and web3/NFT art displays, discussing the latest advancements, the economic challenges faced by artists, the slow progress of new display products, and explore alternate avenues for art consumption and enjoyment.
New Blockchains: Expanding Possibilities for NFT and Digital Art Display
As the NFT market continues to gain traction, new blockchains have emerged, offering artists and collectors alternative platforms to create, trade, and display their digital art. Blockchain technologies such as Tezos, Flow, Polygon, Arbitrum and Polkadot have continued to gain in popularity, offering unique features and scalability options. Notably and most recently, Cardano and Bitcoin (ordinals) show incredible promise.
These emerging blockchains have opened up opportunities for artists to explore beyond the traditionally dominant Ethereum network, allowing for increased accessibility and flexibility in the NFT ecosystem.
But from a digital art display perspective, the fragmentation of collections across chains pose even more challenges for software and hardware providers to deliver simple to use display solutions.
Economic Challenges for Artists in a Volatile Market
Despite the growing interest in NFTs, artists have faced significant economic challenges in 2023. The market has experienced increased volatility and over saturation, making it difficult for individual artists to stand out and generate sustainable income.
The initial hype surrounding NFTs has subsided, leading to more discerning collectors and a demand for higher quality and innovative artwork. AI (Artificial Intelligence) generated art has exploded recently, with the lion’s share offered inexpensively or free.
This has made it crucial for artists to focus on building a strong brand, establishing a loyal following, and adapting to market demands to succeed in this highly competitive space.
Slow Progress on New Display Products
One of the anticipated developments in 2023 was the introduction of new display products specifically designed for showcasing digital art.
However, progress in this area has been slower than expected. Companies that initially promised revolutionary display technologies have faced production challenges and delays, some have shuttered.
This has left artists and collectors with limited options for exhibiting their digital art in physical spaces, hindering the wider adoption and appreciation of this emerging art form.
Alternate Options to Get Your Digital Art Fix
While the challenges in the digital art and NFT display landscape persist, there are still several alternate options available for art enthusiasts to engage with and appreciate digital art:
- Virtual Galleries: Online platforms, like oncyber and spatial.io, and virtual reality (VR) like Occulus, offer immersive virtual gallery spaces where artists can showcase their digital art. These platforms provide a unique opportunity for artists to create art and to engage with a global audience and for collectors to explore, connect and collect digital artworks from the comfort of their homes.
- Art Streaming Platforms: Streaming platforms like YouTube and Twitch, with artists pages and channels dedicated to digital art have gained popularity, allowing artists to showcase their work to a broader audience. These platforms often incorporate interactive features, enabling viewers to engage with the artwork and artists directly.
- Physical Exhibitions: While the progress on new display products may be slow, physical exhibitions still play a vital role in the art world. Collaborating with galleries and participating in art shows and exhibitions provides artists with the opportunity to showcase their digital art alongside traditional art forms, facilitating cross-disciplinary conversations and interactions. (dafco tour vid)
- Your Television: More and more art appreciators are replacing the dark, dusty TV screen (when off), with beautiful art–from historical art to cutting edge, modern moving digital art. And you can make your own slideshows. Check Samsung and LG app stores for included art, as well as Blackdove (keep reading) First check out Samsung’s The Frame TV. Not only can you customize your space and TV with an actual frame, but for about $6/month, you get access to some of the most famous art in the world, access to leading global museums and galleries, amazingly curated collections and highlights on artists. Worth every penny tbh. At the higher end of the spectrum, and with best in class digital canvases, Blackdove offers subscriptions, smartTV apps, web3 connectivity all serving both residential and commercial clients. They boast over 4,000 pieces of the most beautiful digital art in the world, from hundreds of world renown artists.
The state of digital art display and NFT displays in 2023 reflects a mix of advancements and challenges. New blockchains have expanded the possibilities for NFTs, offering artists more choices and flexibility.
However, artists face economic challenges due to a volatile market and increased competition. The slow progress on new display products has hindered the physical exhibition of digital art. Nevertheless, alternate options such as virtual galleries, art streaming platforms, Smart TV’s and physical exhibitions provide avenues for artists and art enthusiasts to engage with digital art.
As the year progresses, it is essential for artists, collectors, and technology innovators to adapt, collaborate, and collectively contribute to the growth and sustainability of digital art in the ever-evolving art landscape. Please follow us on twitter @dafco_io
Digital Art and Frame Co (dafco.io) is the authority on digital art canvases and NFT display, providing expert reviews and analysis on the market and its relationship to IRL and web3. We are building a network of Learn-Discover-Enjoy Hotspots nationwide to share the amazing potential of blockchain technology while celebrating stunning artwork. You can contact us at firstname.lastname@example.org. Please note, some links may be affiliated with DAFCO or a Hotspot.