Additionally, Plejic emphasizes the role of AI in the art world, with tools like AI curation and AI art agents enhancing the art experience. While there is debate over AI-generated art's legitimacy, its influence is undeniable. The article also points out the untapped potential in art finance, suggesting the development of financial products and derivatives to attract investors. Overall, Plejic envisions a future where the art industry embraces technology, creating new opportunities and collaborations between the art and tech sectors.
Key takeaways:
- The art industry is poised for modernization through technologies like blockchain, NFTs, and AI, similar to transformations seen in other industries.
- The second cycle of NFTs is expected to bring more mainstream utility and experienced market participants, following a bear market phase.
- Digital art markets present significant opportunities for startups and platforms to connect artists with collectors, especially among younger generations.
- AI is becoming integral in the art industry, with applications in curation, search, and creation, though its role in art ethics remains a topic of debate.