An innovative new way of buying and selling ballet, known as NFTs, has arrived. The first piece to be released by Natalia Osipova was titled Giselle. It sold for roughly 60,000 pounds. Although this is still unusual in ballet circles, it is not limited to one art form.
With the emerging trend of blockchain technology being applied to traditional art forms, it appears that blockchain-based collectibles are also becoming a strong influence on classical music where multiple songs have been presented over time by individual songs with various performers.
Although the cost of entering the cryptosphere may be high for some, experts have stated that there are several reasons why you should participate in this market, including its potential growth and the potential for price appreciation. It’s difficult to understand the transformation that blockchain technology can bring, but it is fascinating to follow these changes through an art form you love.
There are currently only a small number of NFTs available in the market, though experts expect this figure to increase in 2019. The NFT has not yet reached mainstream audiences despite its potential for global reach, so there may still be real value in purchasing one of the first ballet pieces – after all, anyone can purchase something at any time, but how many people buy what is probably going to become a collectible in just a few years?
If you’re interested in adding another layer of digitization and cryptography to your arts collection or if you want to try crypto outside traditional markets like Bitcoin and Ethereum, NFTs may provide a great way to do so.
There is no guarantee of appreciation and there is still a lot of uncertainty about the future of the blockchain technology, but it certainly provides an excellent chance that you can get in at the ground floor where others will not be able to afford these pieces anytime soon.
