Krista Kim on NFT 2.0, future and Mars House
In a wake of recent mega drop and successful sale of Krista’s Mars House we asked her to share the thoughts on NFT 2.0, the future of art and the development of new initiatives with her current collector and partner Art On Internet
NFT 2.0
The current NFT marketing is very early and limited in its capability and parameters. The NFT can go beyond a work on your computer screen. The next generation will be programmable, 3D digital assets that you can mint and buy in real time AR. The world will be interfaced in AR, through an app called Superworld, which allows us to purchase virtual real estate based on actual real estate, so we are all experiencing same AR phenomena in real time. Art will be displayed as virtual 3D pieces, sold for homes, outdoor spaces, but they can also float in the sky or be placed in our heads. We will adorn our bodies, our personal space, with digital accessories and fashion that reacts to our moods, our words... the future will be very creative and self expressive.
Mars House
Mars House is a sneak peak to the future, as the first 3D digital home that can be experienced as an immersive experience in AR. Currently, it can be uploaded to Decentraland, but within one year, it can be an AR skin for your real house and you can invite your friends to enjoy it too. The possibilities are endless for creatives.
NFTart for Social Good
I believe the NFT art market has a unique opportunity to become a vehicle for social good. We made a record sale for Mars House for over $500,000, and Jeff Schroeder and I agreed that the majority of funds would go to the Continuum Foundation, which will support our world tour of sound and light healing installations for mental health and well being. Our collector, @artoninternet, wanted a collaborative relationship with us to make a contribution to society by creating positive change in the world through his purchase of Mars House, and we are making it happen.
This new model of social capital investment through the purchase of NFT art as is one that I hope, will become a model for others to follow. It could only exist in the NFT art market because the traditional art market intermediaries take 50% profits from an art sale and that limits the artist’s ability to create projects for the community.
Everybody wins: the collector has a beautiful new artwork that appreciates in value, the artist is empowered to create meaningful projects for the community, and the community experiences greater wellbeing and unity. With greater adoption, which movement has the potential to create a new cultural renaissance.