Art Dubai event witnessed strong NFT Art sales. The NFT and digital offerings at Art Dubai Digital reported sales, in both dollars and ethereum. Institut.co sold an NFT by Tyler Hobbs for 88 ethereum ($220,000), as well as a strong number of editions and NFTs by Lawrence Lek (each priced at $1,111) in the first time the digital artist has done a drop.
Morrow collective, the Dubai NFT gallery, sold fractionalized elements of a work by the Dubai NFT artist Amrita Sethi , to a number of Dubai collectors, and Pilevneli, a gallery in Istanbul showing in the Digital section, sold two works by Refik Anadol, with others on reserve for $85,000 each.
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Other galleries such as Experimenter gallery from Kolkata, India. They sold more than 15 works on opening day, ranging upwards to $75,000, including one by Samson Young, who has a participatory sound installation at the Jameel Arts Centre, as well as a work by Radhika Khimji, who is representing Oman this year for the country’s first time at the Venice Biennale.
The Ghanaian Gallery 1957 had a solo booth of paintings by Nigerian artist Modupeola Fadugba, priced between $35,000 and $52,000, and sold six on opening day to Dubai collectors. Jhaveri Contemporary, from Mumbai, also sold a number of pieces to local collectors, including works by Amina Ahmed, Rana Begum and Yamini Nayar.
More and more artists from the region are creating NFTs for their artwork. Tunisian artist filled the UAE with NFT sculptures, or NFT virtual art spaces launching in UAE, or when crypto digital artist worked on magical NFT, or event when crypto Emirati artists launched an NFT collection.
Even Lebanese artists such as Rasha Hamzeh and Kristel Bechara launched their art as NFTs
It would seem that the future of art in many respects will soon be more digital in the form of NFTs than those we have been hanging in art galleries for centuries.