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Igniting The Passion of Physical Collectibles in the NFT Market

Updated: May 13



Physical or digital NFT art? Which is better?


One of the challenges in the art sector today is deciding the best form of art to employ.

Research shows how commercial art firms struggle to publicize their works. These challenges include political and economic volatility, finding new artists, competition with auction houses, increasing trade regulations, increasing online sales, and expanding the business.


Today, some art projects like NFA Space stand at the forefront of creating new art possibilities.

In this article, you will learn how NFA.space uses blockchain to solve art challenges.


Brief Overview of NFA Space


NFA Space is the venue where physical art meets digital. This project aims to boost traditional art within the NFT space.


Founded in 2022, NFA Space is building a deep connection between collectors and artists through NFTs. This project creates a smooth blend of traditional and digital art.


Presently, NFA Space is expanding with 1882 artists and 691 holders across 79 countries. Utilizing blockchain technology, this initiative unlocks fresh opportunities for investors, artists, and collectors, enhancing access to the art world. How does blockchain technology address challenges in the art sector?



1. Political and Economic Instability


In 2023, a global study of art dealers showed that political and economic volatility is a primary challenge in the art sector. Assets lose value in an economically unstable region, thus leading to lower investments. Economic instability conditions such as high inflation can lead to recession.

Political crises result in higher taxes, lower public spending, and civil unrest. These instabilities make it difficult for traditional art firms to operate or make long-term plans.


On the other hand, blockchain technology is digital and less affected by physical factors.


NFA Space Collectors Thoughts


“NFTs have fueled my passion for artwork and being able to have an original art collection." - Russell.


NFT trading is triggered by utility, project use case, and maximum NFT market supply. These digital artworks are bought and sold on digital platforms using crypto wallets and exchanges.


NFA Space discovered that the best way to ignite a passion for physical art is with NFTs. Instead of relying on physical art galleries and auction houses, NFA Space links physical art to digital form. During political and economic unrest, NFTs act as a safety wall to protect art. NFTs are decentralized and not controlled by a government or body.


2. Finding New Artists


A recent survey by NFA Space shows how Collectors admire democratization in the art market. According to a collector, NFTs provide artists with direct access to a global audience without the need for intermediaries like galleries or auction houses.


This decentralized nature has opened up opportunities for emerging artists. They showcase their work and gain recognition, potentially changing the traditional mechanisms of the art industry.

In the art world, finding new artists poses a challenge. New artists struggle to submit their works to galleries due to poor funds or connections.


Another View


In traditional art, galleries and art professionals prefer to work with famous artists.

How do new artists find a platform to share their unique talent?

Embraces independence and decentralization of art.


What NFA Space Collectors Think


“NFTs have brought attention to digital art and the concept of ownership in the digital realm. Artists can now tokenize their digital creations, imbuing them with scarcity and provable ownership. This has sparked discussions about the value of digital art and its place in the broader art market." - Chrispy.



NFA Space Approach


NFA Space uses blockchain technology to empower traditional artists using NFTs. Blockchain presents a network of art enthusiasts like artists, creators, and collectors. It makes it easy for projects like NFA Space to discover new artists.


Today, NFA Space has a family of 1882 artists from various parts of the world!

These artists, ranging from young to old, contribute their unique talents to boost NFA Space. The result?


Since our launch in 2022, we have created over six unique collections by our artists.

Thanks to this, new artists easily gain a stance in the art industry.


3. Competition with Auction Houses


Auction houses are platforms where exceptional artworks are displayed at competitive prices. In the art sector, auction houses compete for top artists' works to auction. This competition among auction houses is fierce as each party struggles to stay at the top.


Would you invest fully through auction houses? Or would you invest fully in art through blockchain technology?


What NFA Space Collectors Think


“Given the growing popularity of NFTs and their potential for appreciation, I might allocate a portion of the budget to purchasing NFTs from emerging artists or established creators whose work I admire. It involves researching platforms, artists, and trends to make informed investment decisions.


With the remaining budget, I would start building a personal art collection by acquiring pieces that resonate with me aesthetically or conceptually. It could involve purchasing artworks from galleries, online marketplaces, or auctions, focusing on both established and emerging artists across various mediums and styles, to build my NFT gallery.”- Chrispy.


NFA Space Approach


Thanks to blockchain technology, NFA Space discovered the best way to sell art. This NFT project research new talents among traditional artist and promotes their work through platforms like OpenSea. To boost art accessibility, collectors and investors from diverse backgrounds gain access to art without going through the lengthy process in Auction Houses.

Blockchain technology promotes artworks from different artists without bias. Instead of relying on art galleries and auction houses, NFA Space combines the Sale of traditional artworks in its physical and digital form.


Collections at NFA Space feature both its physical and digital art copies.


4. Igniting the Passion of New Collectors in the Crypto Art Revolution!


The emergence of blockchain technology and its integration into various aspects of our lives is leaving an indelible mark on humanity. Typically, such profound changes bring about significant benefits for all involved. The introduction of blockchain and NFT technology into the art world is no exception.


Indeed, these technologies offer solutions to several longstanding issues related to the origin and authenticity of art. However, the true marvel lies in the vast array of opportunities they unlock for individuals previously unfamiliar with the art world. A burgeoning community of novice collectors is eagerly embracing the chance to engage with art like never before.


The allure of physical ownership, coupled with the excitement of purchasing art through cryptocurrency, is driving an unstoppable wave of passion and enthusiasm among these new collectors.


We asked NFA Space collectors about challenges which they faced in the NFT and art space? And we have received confirmation that NFT is giving birth to new collectors of physical art.

“Realizing what are really worth investing in and buying compared to junk.” – Sabastian


Admiring it can't be planned, it's like love. You can't fall in love according to a pre-thought-out plan, for example, on Monday at 3 o'clock in the afternoon? So with art, it's like love is born suddenly, and even if you're just a crypto enthusiast, you can't stop this flow of feelings and you want to possess an object.


“Coming to the project more or less by accident, I learned the potential about

NFA.space and was fascinated about the grotesque heads. Learned more about

the artist and liked the way you go.” – Chrispy.


Web3 allows any community to exist and develop according to the rules and objectives of the community. It works like never before among art collectors. Yes, it's easier to be in the community in Web3, that's for sure.


What interests you most about NFA Space? “The high-quality art with the physical art in addition, plus the interactions.” – Sabastian Sabbath Piedmont.


5. Increasing Online Sales


Why do auction houses and galleries engage in fierce survival battles? To maintain publicity and sales!

The struggle to maintain sales is among the top challenges in the art sector today. For galleries that operate online, maintaining constant sales poses a challenge. A survey among top art dealers shows that 24% of challenges are associated with online sales.

When discussing online sales in the art sector, here are some challenges to expect:


  • Unpredictable stocks and prices 

  • Competitive art market

  • Unstable quality of items

  • Lack of storage facilities 

  • Cyber theft 

  • Unstable profitability margin 



NFA Space uses blockchain technology (NFTs) which relies on factors like artwork utility. NFTs do not rely on markets like stocks. NFTs are also unpredictable in terms of prices but do not rely on the same price triggers as stocks.


The NFT market is a vast area connecting many like-minded art enthusiasts. Issues relating to competition among NFT projects or NFT artists are rare. Blockchain technology provides the same opportunity for all artists, collectors, and creators, thanks to its transparency. How has the NFT market helped NFA Space reach its goal? 


Let us consider a brief NFA Space sales overview.


NFT Sales Report: April 2024



𝘊𝘩𝘢𝘯𝘨𝘦 𝘪𝘴 𝘊𝘰𝘯𝘴𝘵𝘢𝘯𝘵. 𝖣𝗈 𝗒𝗈𝗎 𝖺𝗀𝗋𝖾𝖾?

Since our launch, NFA Space has taken this notion personally. How so?

Our journey has been fulfilling thanks to our community support. Here's a brief sales report to display our growth so far.

Dated: April 30, 2024


𝗖𝗵𝗮𝗿𝗮𝗰𝘁𝗲𝗿𝘀 𝗡𝗙𝗧 𝗖𝗼𝗹𝗹𝗲𝗰𝘁𝗶𝗼𝗻

Total Supply: 990

Total Minted: 213

Mint Status: Live

𝗚𝗿𝗼𝘁𝗲𝘀𝗾𝘂𝗲 𝗛𝗲𝗮𝗱𝘀 𝗩𝗼𝗹.1

𝘚𝘵𝘢𝘵𝘶𝘴: Sold Out

𝘛𝘰𝘵𝘢𝘭 𝘚𝘶𝘱𝘱𝘭𝘺: 25 NFTs

𝘛𝘰𝘵𝘢𝘭 𝘔𝘪𝘯𝘵𝘦𝘥: 25 NFTs

𝘛𝘰𝘵𝘢𝘭 𝘗𝘩𝘺𝘴𝘪𝘤𝘢𝘭 𝘗𝘢𝘪𝘯𝘵𝘪𝘯𝘨 𝘋𝘦𝘭𝘪𝘷𝘦𝘳𝘦𝘥: 25

𝗚𝗿𝗼𝘁𝗲𝘀𝗾𝘂𝗲 𝗛𝗲𝗮𝗱𝘀 𝗩𝗼𝗹.2

𝘛𝘰𝘵𝘢𝘭 𝘚𝘶𝘱𝘱𝘭𝘺: 35

𝘛𝘰𝘵𝘢𝘭 𝘔𝘪𝘯𝘵𝘦𝘥: 10

𝘔𝘪𝘯𝘵 𝘚𝘵𝘢𝘵𝘶𝘴: Live

𝗧𝗵𝗲 𝗚𝗮𝘇𝗲𝘀 𝗼𝗳 𝗣𝗮𝗽𝘂𝗮

𝘛𝘰𝘵𝘢𝘭 𝘚𝘶𝘱𝘱𝘭𝘺: 16

𝘛𝘰𝘵𝘢𝘭 𝘔𝘪𝘯𝘵𝘦𝘥: 6

𝘔𝘪𝘯𝘵 𝘚𝘵𝘢𝘵𝘶𝘴: Live


𝗣𝗮𝘁𝗰𝗵𝗪𝗼𝗿𝗸 𝗛𝗶𝘀𝘁𝗼𝗿𝘆

𝘛𝘰𝘵𝘢𝘭 𝘚𝘶𝘱𝘱𝘭𝘺: 3

𝘛𝘰𝘵𝘢𝘭 𝘔𝘪𝘯𝘵𝘦𝘥: 0

𝘔𝘪𝘯𝘵 𝘚𝘵𝘢𝘵𝘶𝘴: Live

𝗧𝗵𝗲 𝗧𝗿𝗲𝗮𝗰𝗵𝗲𝗿𝘆 𝗼𝗳 𝗔𝗰𝘁𝗶𝗼𝗻𝘀

𝘛𝘰𝘵𝘢𝘭 𝘚𝘶𝘱𝘱𝘭𝘺: 5

𝘛𝘰𝘵𝘢𝘭 𝘔𝘪𝘯𝘵𝘦𝘥: 0

𝘔𝘪𝘯𝘵 𝘚𝘵𝘢𝘵𝘶𝘴: Soon

𝗠𝘂𝘀𝗶𝗰 𝗖𝗼𝗹𝗹𝗲𝗰𝘁𝗶𝗼𝗻

𝖠𝗇𝗍𝗂𝖼𝗂𝗉𝖺𝗍𝖾

The 10k Collection: 𝗣𝗔𝗦𝗦

𝘛𝘰𝘵𝘢𝘭 𝘚𝘶𝘱𝘱𝘭𝘺: 1,000

𝘛𝘰𝘵𝘢𝘭 𝘔𝘪𝘯𝘵𝘦𝘥: 1,000

𝘔𝘪𝘯𝘵 𝘚𝘵𝘢𝘵𝘶𝘴: Sold out


𝖳𝗁𝗂𝗌 𝖠𝗉𝗋𝗂𝗅 𝗁𝖺𝗌 𝖻𝖾𝖾𝗇 𝖺 𝗍𝗁𝗋𝗂𝗅𝗅𝗂𝗇𝗀 𝗋𝗂𝖽𝖾 𝖿𝗈𝗋 𝗈𝗎𝗋 𝗍𝖾𝖺𝗆. 𝖶𝖾 𝗀𝖺𝗂𝗇𝖾𝖽 𝗇𝖾𝗐 𝗇𝖾𝗍𝗐𝗈𝗋𝗄𝗌 𝖺𝗇𝖽 our team is 𝖾𝗑𝖼𝗂𝗍𝖾𝖽 𝗍𝗈 𝖺𝗇𝗇𝗈𝗎nc𝖾 𝗍𝗁𝖾 𝖻𝖾𝗌𝗍 𝗉𝖺𝗋𝗍 𝗈𝖿 𝖠𝗉𝗋𝗂𝗅 2024. 𝗔 𝗻𝗲𝘄 𝗰𝗼𝗹𝗹𝗲𝗰𝘁𝗶𝗼𝗻!


𝖭𝖥𝖠 𝖲𝗉𝖺𝖼𝖾 𝗂𝗌 𝗍𝗁𝗋𝗂𝗅𝗅𝖾𝖽 𝗍𝗈 𝖺𝗇𝗇𝗈𝗎𝗇𝖼𝖾 𝗍𝗁𝖾 𝘂𝗽𝗰𝗼𝗺𝗶𝗻𝗴 𝗹𝗮𝘂𝗻𝗰𝗵 𝗼𝗳 𝗮 𝗺𝘂𝘀𝗶𝗰 𝗰𝗼𝗹𝗹𝗲𝗰𝘁𝗶𝗼𝗻. 𝖳𝗁𝗂𝗌 𝖼𝗈𝗅𝗅𝖾𝖼𝗍𝗂𝗈𝗇 𝖺𝗂𝗆𝗌 𝗍𝗈 𝗎𝗇𝗂𝗍e t𝗁𝖾 𝖾𝗇𝖾𝗋𝗀𝖾𝗍𝗂𝖼 𝗆𝗎𝗌𝗂𝖼 𝖾𝗇𝗍𝖾𝗋𝗍𝖺𝗂𝗇𝗆𝖾𝗇𝗍 𝗂𝗇𝖽𝗎𝗌𝗍𝗋𝗒 𝗐𝗂𝗍𝗁 𝖭𝖥𝖳𝗌. What are the hidden utilities of this collection?


How many NFTs would the collection house? Mint date? Floor price? Discount?

We can't wait to unveil more on this collection!


Remember, we are evolving to bridge the gap between physical and digital art.


6. Business Expansion


How to grow the art business? Meet New investors? Create new partnerships?


Physical art dealers worry about these issues when it comes to business expansion. To trigger business expansion, art dealers must create a constant revenue or external funding source.


Blockchain technology creates networking opportunities for NFT projects to expand their business.


Web3 Events, webinars, workshops, and seminars are avenues for business expansion in Web3.

The just concluded Dubai Crypto Week is proof! Let us take a few minutes to review the positive impact of the Dubai Crypto Week on our team.


Dubai Crypto Week Highlights


NFA Space had an exhilarating experience at the Dubai Crypto Week events. The week kicked off on Monday, April 15, 2024, with the 12th Blockchain Life Conference, setting the stage for a series of unforgettable events. 


Each day was packed with exciting gatherings, including the Global Blockchain Show, DWIC, and more. The culmination of the week was the highly anticipated Token2049 blockchain event on April 18-19, renowned as one of the foremost gatherings for crypto leaders worldwide.


Attendees were treated to enlightening discussions led by over 160 esteemed speakers and industry pioneers. Total attendees were 10k+


Prominent figures from leading crypto platforms such as Binance, Chainlink, Tron, Bybit, OKX, Ledger, Animoca, Ton, Cardano, Tether, Trust Wallet, and others graced the event. It was an invaluable opportunity for us to connect with visionary founders, talented creators, investors and innovative teams in the Web3 space. Stay tuned as we prepare to announce exciting new strategic partnerships forged during this event!


Now, why does the business expansion of NFT projects often outpace traditional art projects?

The answer lies in the overwhelmingly positive sentiments of NFT collectors.


NFA Space Collectors Thoughts


“A reason for investing in NFTs is the potential for uniqueness. NFTs represent digital ownership and can be one-of-a-kind or limited in supply, which can drive their value over time. This scarcity factor, combined with growing interest in digital art, collectibles, and virtual assets, has fueled the popularity of NFTs as my investment opportunity.”- Chrispy.


Blockchain technology presents lots of opportunities for art dealers during expansion. NFA Space aims for more networking opportunities to yield positive results in boosting phygital art.


Conclusion


In this article, we have discussed several challenges In the art sector and how NFA Space counters these. Common art challenges such as finding new artists, political and economic Instability, and more pose a threat to the art sector. The good news?


Blockchain technology works to counter the challenges in the art sector using decentralization. Thanks to NFTs, firms like NFA Space are discovering creative ways to boost art accessibility.


Blockchain technology makes it easy to boost business expansion, find new artists, increase online sales, and more.


Choose Art, Choose NFTs.




We are glad to inform you, that you can become a part of history today! Live phygital collections: The Gazes of Papua by Jose Luis de Juan - link Grotesque Heads vol.2 by Mauricio Yauri - link Live digital collection: Characters - link

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