Special Issue "NFTs, Blockchain, Cryptocurrency, Metaverse: The Web3 Revolution That Has Transformed the Art Market"

A special issue of Arts (ISSN 2076-0752).

Deadline for manuscript submissions: 1 June 2023 | Viewed by 2000

Special Issue Editor

Centre de Recherches Internationales (CERI), Sciences Po Paris, 75006 Paris, France
Interests: contemporary art market; online art market; sociology of art; art economics; art and politics
Special Issues, Collections and Topics in MDPI journals

Special Issue Information

Dear Colleagues,

The sale of Beeple’s Non-Fungible Token (NFT) artwork Everydays—Everydays: The First 5000 Days for over $69.3 million at Christie’s online auction on 11 March 2021 ruptured the contemporary art market, representing the coming of a new era of exhibiting, selling, and collecting digital art. Indeed, in 2021, NFT became Collins Dictionary’s word of the year [1], and total sales in the crypto art market have reached $127.6 million [2].

The international scholarly open access journal Arts (ISSN 2076-0752) is now inviting submissions for the Special Issue “NFTs, Blockchain, Cryptocurrency, Metaverse: The Web3 Revolution that Has Transformed the Art Market”. We welcome original academic papers (6,000-8,000 words), based on either qualitative or quantitative research methods, that reveal how the web3 art market players, including artists, art galleries, art fairs, act auctions, art collectors, and art marketplaces, have endorsed the phenomena of NFTs, blockchain, cryptocurrency, and metaverse. Both theoretical and empirical contributions that address the contemporary digital art trends from a multidisciplinary perspective and examine their significance for the current state and future evolution of the art market will also be considered.

[1] https://www.collinsdictionary.com/woty, accessed on 21 March 2022.

[2] https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2021, accessed on 21 March 2022.

Dr. Elena Sidorova
Guest Editor

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a double-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Arts is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1200 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • contemporary art market
  • online art market
  • digital art
  • NFT
  • cryptocurrency
  • blockchain
  • metaverse
  • Web3

Published Papers (1 paper)

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Commentary
Questioning the NFT “Revolution” within the Art Ecosystem
Arts 2023, 12(1), 25; https://doi.org/10.3390/arts12010025 - 30 Jan 2023
Viewed by 1095
Abstract
Three years after the sensational debut of non-fungible tokens (NFTs) on the art scene, it seems timely to reflect on their presumed revolutionary attributes. The speculative fascination at the beginning has gradually given way to mixed outcomes, with hardly predictable future directions. However, [...] Read more.
Three years after the sensational debut of non-fungible tokens (NFTs) on the art scene, it seems timely to reflect on their presumed revolutionary attributes. The speculative fascination at the beginning has gradually given way to mixed outcomes, with hardly predictable future directions. However, once recontextualized in the art ecosystem and its value chain, one may question the ability of NFT technology to lead to radical changes. Our main argument is that although they offer perspectives that are worth considering regarding contracts, authors’ rights management, and provenance, blockchain-based technologies do not substantially modify the typical characteristics of the art world. Based on recent press articles and academic publications, we comment on the effects of this technology on producers (artists’ creative process and career development), intermediaries (art market gatekeepers), and consumers (quest for authenticity, collecting habits, and museum intervention in the art market). Our main conclusions suggest that NFTs perpetuate oversupply and job precarity in cyberenvironments and reinforce existing purchasing behaviors driven by the quest for authenticity and conspicuous consumption. Our goal is to mitigate some statements found in the literature and the press, especially regarding the democratization of the art market, and to help art market stakeholders approach this technology most objectively. Full article
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