abbreviation or noun
1. non-fungible token:
a. unique digital identifier that cannot be copied, substituted, or subdivided, that is recorded in a blockchain, and that is used to certify authenticity and ownership (as of a specific digital asset and specific rights relating to it)
b. the asset that is represented by an NFT
NFTs embody the union of finance, tech, and creativity; these forward-thinking pieces of technology are ushering in a new way for these industries to interact and support one another. When used on the blockchain, a decentralized digital ledger that records transactions, the possibilities are boundless.
As a gallery, we are inherently curious about the capabilities of the new technology and what the potential impacts may be on the art world, and on society as a whole. For example, in the art world, this technology can be used as proof of ownership – a new way of tracking authenticity and provenance, one that can help combat fraud and forgeries. This exhibition is the first in a series the gallery plans to host in the coming years exploring the new technology and its possible creative uses.
This exhibition will feature digital works by Ricky Crespo and Jeremy Kidd. Crespo is a career music producer with an award-winning discography who works in animation and digital art. Crespo has created several original NFTs for the exhibition, ranging from dance and music pieces to works confronting addiction in our society. Kidd’s NFTs are based on his time-lapse photography. The artist composites multiple long exposures on top of one another to create striking images capturing the essence of his subject. His work focuses on the city of Los Angeles, including one piece that chronicles the changing architecture and expansion of downtown Los Angeles from 2007 – 2019, as well the growth of homelessness over that period.
In conjunction with this exhibition, the gallery invites developers and artists to participate in our upcoming NFT Competition. The winner will exhibit their work in our next NFT exhibition in late 2023.
This exhibition will be on view December 7 through January 21 at 494 Greenwich Street, GFL in New York City. There will be an opening reception on Wednesday, December 7, 6-8pm.
For further information and photographs, please contact Elizabeth Thompson at firstname.lastname@example.org, or call 347.604.2346. The gallery is open Tuesday through Saturday 10am – 6pm.
*Definition as provided by Merriam-Webster Dictionary