UAE digital art market still growing compared to global figures
One of the things we know for sure about the future of art is that it may not look like art. Art, at least the way we know it and the way we expect it. First, the pandemic rocked the art world, giving way to virtual galleries and his concerts online. Moreover, his growing affinity for the ‘new’ has led to his broader experimentation and acceptance of NFTs and art in the Metaverse. What lies ahead? We can only predict, right?
A fully immersive experience awaits
Co-Founder and Managing Director of M2L Concepts, Thomas Gateff is interested in the transformation process, especially the integration of all industries that converge on Metaverse platforms such as UAE-based Megaverse. he said: Due to the pandemic, consumers are demanding more virtual experiences in everything from augmented and virtual reality, the metaverse to cryptocurrencies. In the future, people will enjoy these platforms while playing games and earning passive income, buying virtual real estate or viewing art while enjoying his fully immersive VR experience. is a multi-channel web3 platform that can ”
Thomas has had a diversified career in the attractions and leisure industry, during which time he has established several significant entertainment concepts throughout the regions of Egypt, KSA, Lebanon, Kuwait and Oman. Also known as My Second Life, he M2L is an interactive leisure and entertainment company that uses innovative technology to provide organizations with access to new experiences, creating concepts that engage and enhance customer experiences. doing. “In MENA, the VR market is growing rapidly, and by 2028 he is projected to reach $23,042 million, with implementations across a range of industries. It’s cut open.”
Digital art, a window into many fresh dimensions
“As a traditional artist, my focus is on expressing movement through composition. NFT animation brings this element to life, giving my work another dimension and further evoking the emotions I want to express.” ‘, said Beirut-born artist Magda Marcoon. She has lived in Dubai for the last 17 years and is a member of Tashkeel (Dubai’s Contemporary Art Center and Institution). She has recently exhibited at Art Dubai 2022, Bulgari Contemporary Art Award, Gateway to the Metaverse (House of Wisdom, Sharjah) and more. Her work “Contemplation” is on display in the ongoing exhibition Made in Tashkeel.
“Like other artists who can challenge their interdisciplinary practice by moving from painting to sculpture, for example, NFT is a new medium that has caught my attention. Visually and aesthetically, digital art enhances the viewer’s experience, how they interact with the work of art, and how they learn more about artists and their processes. to know and perhaps get a glimpse of how this work of art was created,” she added. Her work includes a range of figurative and abstract art to create forms, as well as painting using different types of materials and textures.
Web3 is now the Wild West
“I want to tell artists not to be afraid to experiment. Web3 is now like the Wild West, where the rules of the new NFT art market are being shaped. For example, among the countries with digital startups and NFTs that have received investment in 2021, the United States leads with 41, followed by Singapore with 8 and 3rd. four each from the UAE and four from Canada,” said Darya Prodaevich, art director at the Theater of Digital Art (ToDA) in Dubai.
ToDA is a digital art theater that offers visitors a unique immersive experience. And according to one recent report by FuelArts, the priorities of Art + Tech startups and investors in the market have fundamentally changed in the weeks following the outbreak of hostilities in Ukraine. ) and Indonesia (Bali), the crypto community is now even more important,” she added. Swedish conceptual her artist Jonas Lund, who creates paintings, sculptures, photographs, websites and performances that critically reflect contemporary networked systems and power structures, said: Pieces hover between 80 and 90 ETH (about $200,000), and I think there is more demand for works of all levels than just these high prices. Jonas’ NFTs, which can be seen at her Dubai-based contemporary art gallery Galloire, offer a glimpse into the future that’s already here.
