Recent polls conducted on the new phenomenon of non-fungible token (NFT) art has yielded a split opinion on whether it is the real deal.
Of the 8 people who responded to the poll, Europeans had the most varied response with 33.3% calling it real art, and 66.7% not agreeing. Asians on the other hand had a unanimous 100% in agreement.
The split response is indicative of the confusion among art pundits about the implications of NFTs. With the blockchain-verified tokenization of artworks, a number of questions have been raised about its legitimacy and long-term value as an asset.
These questions are largely contingent on the balance between the desire of some collectors for the social validation of owning a unique art piece and the potential for cryptocurrencies to revolutionise the art market.
Some collectives have already embraced the new technology, seeing it as an exciting chance to create art that represents their work in the digital age. Despite this, many remain unconvinced that NFTs are really art, and the results of the poll show that the opinion is still split.
Whether NFTs will revolutionise the art market or merely remain a niche interest with limited long-term value remains to be seen. For now, all we can say for certain is that opinion is still divided on whether this technology is real art or not.