Opportunities and challenges from digitizing fine art works:
Digitization is a method of communication for many people to know about works of fine art, most commonly in the non-fungible asset (NFT) market. By encoding intellectual property such as works of art on the blockchain technology platform, NFT helps ensure authenticity and transparency in asset transactions, without being copied or counterfeited, thereby helping to improve the quality of property. Improve the valuation of domestic fine art works and increase the value of domestic fine art works in the international art market. Currently, NFTs are considered a form of digital asset.
Recently, a number of other prominent platforms have developed in the Vietnamese NFT market. Established for the purpose of accompanying artists to bring their works closer to the public, Art Space displays digital art works of many artists, contributing to the overall development of art culture. Vietnamese art. Or the Avatar Art platform developed by ByteNext Joint Stock Company, the Indochine Art platform of Indochina Fine Arts Vision Company are both displaying and supporting art creators to turn fine art works into NFTs for promotion. conduct transactions on these digital art exchange platforms.