According to research by Deloitte, nearly one-third of asset managers in the art world believe their clients can turn to non-fungible tokens (NFTs) when investing in artwork.
In the art and finance report shared by Deloitte for 2021, it was announced that one of the trends in the art world is digitalization, virtualization and tokenization.
While 33% of asset managers said their clients might be interested in the idea of investing in NFTs, 24% of industry experts and 25% of traditional art collectors agreed.
The percentage of asset managers adopting non-fungible tokens is not expected to increase significantly anytime soon due to regulatory uncertainties in the industry.
According to DappRadar data, the transaction volume of the NFT market grew eight times in the third quarter compared to the previous quarter, reaching $10.7 billion.
Technologies that have spawned new investment products in the art world, such as Tokenization and NFT, are expected to positively impact the industry. 58% of asset managers think that liquidity in the market will improve thanks to new technologies and growing online platforms.
Almost half of asset managers; While predicting that online businesses and technologies will increase the demand for investment in art, this rate was 48% and 59% for experts and collectors, respectively.
85% of young collectors expect blockchain technology to change the way they dominate the industry. Among the older collectors, the proportion of those who agreed with this view was 52%.
The Matrix NFT Collection: Blue Pill or Red Pill?
Warner Bros., the world's largest film production and television broadcasting company, has announced that, after releasing the Space Jam NFT collection, it will be releasing a collection of non-exchangeable tokens (NFT) for the upcoming movie "The Matrix Resurrections." Approximately 100,000 NFTs are planned to be created for the Matrix NFT collection. The Matrix Resurrections NFT collection, which will perhaps be one of the largest collections, will be exhibited on November 30, 2021.
Large companies continue to operate in the NFT sector!
NFT market continues to gain volume with the concept of “metaverse”. Companies from all over the world in different sectors are trying to create NFT collections. Warner Bros. We can say that many famous entertainment companies such as Fox, Lionsgate, Dolphin and ViacomCBS are now in this caravan. Apart from that, WWE and UFC companies that focus on specific sports such as professional wrestling and mixed martial arts have also entered the NFT field.
Warner Bros. is working with Nifty's to create the NFTs for the movie "The Matrix Resurrections", which will be released on December 22. It should also be noted that the Matrix NFTs will consist of avatars containing people inside the movie.
Owners of NFTs, which will be released on November 30, will be asked a question on December 16. The question in that famous Matrix movie will also have been asked to NFT owners:
Blue pill? Red pill?
NFT owners who take the blue pill will have no change in their NFT. The NFTs of users who take the red pill will change.
FATF's guidance on cryptoassets was published recently. The guide states that NFTs are not considered virtual assets and will not fall within the framework of crypto-asset regulation as long as they are used as a collection rather than payment or investment. On the other hand, it was noted that countries should consider on a case-by-case basis whether NFTs are within the scope of FATF standards.
Surely they will find a regulation method for NFTs as well.