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A picture of the future

Shanghai auction company sells digital art aimed at young buyers, Deng Zhangyu reports.

By Deng Zhangyu | China Daily | Updated: 2022-02-23 08:40

A Beijing exhibition of crypto art draws visitors in March 2021. QUAN YAJUN/FOR CHINA DAILY

"In the long term, NFTs will benefit artists, especially young artists who don't have resources to reach their buyers."

He says he has to think about how to better transform his work into NFTs when creating a piece even if he is familiar with the new area.

Qin Jianxin, co-founder of Cryptoart.ai, an NFT art trading platform, says the number of artists who can directly create their works with digital skills is still small in China. An artist must first know how to use the language of digital art and then produce NFT art based on blockchain.

"Crypto art has been developed for three years outside China. It's still very new and in an early stage in China," says Qin.

"Audiences need to be educated. But I believe China has the potential to become the biggest NFT art market."

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