DOI QR코드

DOI QR Code

Analysis of the Current Status of NFT Art and Methodology on Utilizing Domestic Artworks

NFT예술 현황 분석과 국내 미술작품 활용방안 연구

  • Lee, Ahn (University of the Arts London, PgDip Design for Visual Communication)
  • Received : 2022.09.28
  • Accepted : 2022.11.01
  • Published : 2022.11.30

Abstract

This study summarizes the basic concepts of NFT art and analyzes trends in the domestic and international NFT market to provide a better understanding of the art form to suggest various ways to utilize the art in near future when social interests in technologies such as metaverse, block chain, and NFTs are continuously increasing. In addition, by examining the rapid development and process of blockchain technology in overseas markets, and confirming cases of information transfer to various metaverses such as cryptocurrency and NFT technology, the aim is to present a foothold for the future direction of national arts in general. To this end, in order to analyze consumers' perceptions and preferences, and to draw conclusions about current NFT arts at home and abroad, a survey was conducted on NFT awareness among participants of an art fair in Gwangjin-gu, Seoul. It is hoped that this study will become a cornerstone of research on NFT works and NFT art industry, which is becoming a global issue.

최근 메타버스, 블록체인, NFT 등의 기술에 대한 사회적 관심이 지속적으로 높아지고 있는 가운데 본 연구는 NFT 예술의 기본개념을 정리하고 국내외 NFT 시장의 동향을 분석하여 향후 국내 예술시장에서의 NFT 예술에 대한 인식과 다양한 활용방법에 대한 방향을 제시하고자 한다. 또한 국외 시장에서의 블록체인 기술의 비약적인 발전과 그 과정을 살펴보고 이에 따른 암호화폐 및 NFT 기술 등 다양한 메타버스로의 정보 이전 사례를 확인하여 향후 국내 예술의 방향성을 위한 발판을 제시하는 것을 목표로 한다. 이를 위해 국내외 NFT 예술에 대한 소비자들의 인식을 분석하고자 서울 광진구 인근의 아트페어 참석자들을 대상으로 한 NFT 인식에 관한 설문조사를 실시하였으며, 이를 바탕으로 현재 NFT 예술에 대한 인지도 및 선호도를 분석하고 결론을 도출하고자 한다. 본 연구가 전 세계적으로 이슈가 되고 있는 NFT 작품 및 NFT 예술 산업 연구의 초석이 되길 바란다.

Keywords

References

  1. Mieszko Mazur, "Non-Fungible Tokens (NFT). The Analysis of Risk and Return," IESEG School of Management, pp. 02, October 2021.
  2. S.H. Yeon, "NFT, New Technologies to Ensure the Legitimacy of Digital Data," Korea Today, June 2022.
  3. Jazmin Goodwin, "What is an NFT? Non- fungible Tokens Explained," CNN Business, November 2021.
  4. N. Szabo, "Formalizing and Securing Relationships on Public Networks", First Monday. September 1997. DOI: https://doi.org/10.5210/fm.v2i9.548
  5. Michael Adams, "Who Is Satoshi Nakamoto?", Forbes Advisor, August 2022.
  6. Jung Hyun Chun, "An IPFS File Access Control System Using Blockchain-based Decentralized Identifiers", Graduate School of Hanyang University, pp. 03, February 2022.
  7. Muhammad Ashraf Fauzi, Norazha Painman and Zarina Othman, "Bitcoin and Cryptocurrency: Challenges, Opportunities and Future Works", Journal of Asian Finance, Economics and Business, Vol 7, No 8, July 2020.
  8. Jose Luis Orihuela, "Blockchain can be the new paradigm of the net", Towards Data Science, November 2018.
  9. Ahmed Abdullah Alijabr, Avinash Sharma and Kailash Kumar, "Mining process in Cryptocurrency Using Blockchain Technology: Bitcoin as a Case Study", Journal of Computational and Theoretical Nanoscience, pp. 05, October 2019.
  10. Yashika Nagpal, "Non-Fungible Tokens (NFT's): The Future of Digital Collectibles", International Journal of Law Management and Humanities, Vol 4, No 5, pp. 758-767, 2021. DOI: https://doij.org/10.10000/IJLMH.111984
  11. A. Hamilton, "The Begining of NFTs - A Brief History of NFT Art", Zeno Fine Art, March 2022. https://www.zenofineart.com/blogs/news/the-beginning-of-nfts-a-brief-history-of-nft-art
  12. Luka Merville, "The Birth of a New Discipline: The History of NFT Art", Art Haus, June 2021.
  13. Valentina Di Liscia, "First Ever NFT Sells for $1.4 Million", Hyperallergic, June 2021.
  14. Andrew Steinwold, "What is a Non-Fungible Token (NFT)?", Zima Red, March 2020.
  15. Meghan McDowell, "Gucci goes deeper into the metaverse for next NFT projects", Vogue Business, March 2022.
  16. Jabari Young, "People have spent more than $230 million buying and trading digital collectibles of NBA highlights", CNBC Sports, March 2021.
  17. M. Nadini, L. Alessandretti and F. Di Giacinto, "Mapping the NFT revolution: market trends, trade networks, and visual features", Scientific Reports, Vol 11, No 20902, October 2021. DOI: https://doi.org/10.1038/s41598-021-00053-8
  18. Gareth Jenkinson, "NFT market worth $231B by 2030? Report projects big growth for sector". Cointelegraph, July 2022.
  19. Christina Criddle, "Banksy art burned, destroyed and sold as token in 'money-making stunt'", BBC News, March 2021.
  20. Nicole Serena Silver, "The History And Future of NFTs", Forbes, November 2021.
  21. Cheong Ghil Kim, "A Study on Technology to Counter Copyright Infringement According to NFT Transaction Types", Department of Computer Science, Namseoul University, pp. 04, December 2021.
  22. S.A. Kwon, "From Mt. Gox... The winding history of the Cryptocurrency exchange". The JoongAng, April 2020.
  23. Tae Hyup Roh, "Digital Transformation and Introduction of NFT in the Art Market", The Journal of thhe Convergence on Culture Technology(JCCT), Vol 8, No 01, pp. 261-269, January 2022. DIO: https://doi.org/10.17703/JCCT.2022.8.1.261
  24. D.W. Kim, "Number of NFT-related books overwhelming, approaching to the year's end", Han Kyung Life, December 2021.
  25. D.H. Kim, "NFT Recent Industry Trends and Implications", Institute for Information & Technology Planning & Evaluation(IITP), Vol 219, July 2022.
  26. J.M. Seo and Y.J. Oh, "[The era of 1 trillion in the Korean art market] NFT art without registration and purchase restrictions will grow more than 100 times in 10 years", The Joong Ang, March 2022.
  27. K.S. Lee, "Current status and issues of NFT". Korean Society of Law, Current Issues Report, Vol 2022, No 01, pp. 19-20, April 2022.
  28. H.J. Ryu, "Stocks by day, coins by night. Youth addicted to 'hantang' has increased", Kyong Buk Daily, April 2021.
  29. S.M. Yu, "Cryptocurrency craze, the reason?", The Science Times, Dec 2017