For the first time, the immersive work in NFTs by digital artist Refik Anadol will be exhibited in América do Sul, this weekend (22 and 23), at Praça Juan Facundo Quiroga, together with the Eduardo Sívori Plastic Arts Museum, in Buenos Aires ( Argentina).

At the initiative of Ripio, a pioneering brand of the crypto sector in Latin America and with a community of more than 3.5 thousand users, which is also a sponsor of the ‘Experiência artbag Buenos Aires’, responsible for a series of cultural events with a focus na nova digital economy by means of art.

The work of Refik Anadol ‘Machine Hallucinations: coral’, which was successfully exhibited in the cities of Barcelona (Spain), New York (United States) and Berlin (Germany), was part of the program of the cultural event ‘Noite dos Museus’.

Among other activities that are part of the program is ‘WAGMI: web3 communities’, coordinated by Ripio and artbag.

The presentation will be made by Solow, Hashi and Resilient, communities of the crypto world that aim to add more people to the new digital economy through education, mentoring and project construction.

For Juan José Méndez, Chief Brand Officer of Ripio, the initiative opens the portals of the world of new digital arts for a public that still does not have opportunities to appreciate them and Ripio, as a gateway to the crypto world, seeks to provide these experiences to trace more and more access to the new digital economy.

“We see art as an excellent instrument to approach, accompany and engage more people on the web3, which for us is a new stage in the future of the crypto ecosystem. Many times, cryptocurrencies receive the focus or are mainly associated with the value of Bitcoin (BTC) or Ethereum (ETH), but it is necessary to reinforce that the digital economy is widely available. Go to web3 proposes a more decentralized world that requires everyone to have access and understand its scope and value”, frisa or executive.

NFTs in art

In this context, it is interesting to be able to understand a little more what are NFTs (acronym for “Non-fungible Token” or “Token não-fungível”, in free translation) and how they differ from any other image that is circulating on the internet . The NFTs are unique and exclusive digital assets that will arise from an Ethereum network protocol. Its main utility is to attribute ownership, identify and differentiate any type of data package registered in a blockchain.

Some of the ten ha functions of cryptocurrencies, in general the NFTs function as collectibles, or seja, they are tokens with characteristics that cannot be replaced by others. For isso eles têm a value that usually increases precisely because of its exclusivity.

The NFTs are in some way a “visualization” of an asset or a digital representation of its physical form and its acquisition is possible based on mutual consensus and transparency. When a transaction occurs and everyone involved approves, the data is encrypted and the history of the sale is registered in the blockchain, which guarantees the security, privacy and traceability of each operation.

Ironically, the NFTs are called “jpgs”, but there is a big difference between them. NFTs possess measures of security, property and authenticity that are fundamental in the world of art. Isso guarantor of its rarity and exclusivity (whether it is a unique, limited or personalized work) and makes it explicit that it is an indivisible and irreplaceable work.

These assets are two great engines of the crypto ecosystem, because more and more people are beginning to participate in the community for their own sake, whether as an investment, to collect or for wanting a piece of digital art.