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ART MARKET

ART MARKET
Art Redefined: The Digital Era with Olyvia Kwok-Decani
In a rapidly changing world, the art industry has been profoundly impacted by the digital age and the emergence of millennials as a driving force in shaping its landscape. Olyvia Kwok-Decani, an esteemed expert in the field, provides valuable insights into the pivotal role millennials play in the evolution of art, particularly their influence on art consumption, creation, and the integration of technology. New era in the art market: As we delve into 2023, a significant shift has occurred, with millennials surpassing previous generations in art spending, marking a new era in the art market. The Art Basel-UBS report highlights this trend, revealing that millennials have exceeded boomers in their investment in artwork, leading to a notable increase in sales. Olyvia emphasizes this shift, stating, "Millennials spend four times as much as boomers and double the spending of Gen X." The digital age This has had a transformative shift. Growing up immersed in technology, millennials have wholeheartedly embraced digital art and non-fungible tokens (NFTs) with great enthusiasm. Digital platforms have become fundamental for showcasing and acquiring artwork, fostering a strong sense of community among artists and art enthusiasts alike. Recognizing the significance of these platforms, Olyvia emphasizes, "Social media has emerged as a powerful marketing tool for artists and galleries to engage with the millennial audience, who predominantly consume art digitally." Influence of millennials Artists are adapting their practices to cater to this tech-savvy generation. The integration of digital tools and experiences has become paramount, enabling artists to provide immersive and interactive encounters for their audience. The boundaries between technology and art have blurred, giving rise to innovative forms of expression and exploration. Olyvia notes “that this shift has opened up new avenues for artists to connect with a broader audience and forge stronger bonds within the art community.” Art consumption: Millennials' interest in art extends beyond mere consumption; they are actively leaving their mark as artists. A wave of talented millennial artists has emerged, bringing forth fresh perspectives and themes that captivate the contemporary art scene. Notable names such as Sadie Burnette, Sam Falls, and Lu Yang have garnered recognition for their distinctive approaches, leaving a lasting impact. Millennials prioritize experiences and emotional connections when engaging with art, seeking works that provoke thought and challenge traditional norms. Consequently, politically themed artwork has experienced a surge, as artists utilize their craft to voice opinions and address pressing social issues. Digital engagement Millennials' impact on the art world transcends aesthetics and digital engagement. Olyvia underscores the fact that millennials view art as “enjoyable assets and increasingly consider it a viable financial investment”. Art has become a popular avenue for wealth accumulation among this generation, offering an alternative to conventional investment options. Motivated by financial gains and a desire to support artists, millennials have fuelled the growth of the art market, actively participating in and contributing to the art ecosystem. In conclusion The advent of the digital era has brought about a transformative shift in the art world, with millennials leading the charge. Their profound affinity for technology, quest for meaningful experiences, and financial motivations have redefined the art landscape. From embracing digital platforms to spearheading the creation of immersive art experiences, millennials are reshaping the future of art consumption and creation. As Olyvia Kwok-Decani aptly summarizes, "The millennial influence can be seen in the way art consumption has moved to digital platforms and the innovative approaches artists are taking to engage their audience." With millennials at the forefront, the art world continues to evolve along an exciting trajectory. About The Author Olyvia Kwok Decani Olyvia Kwok Decani has been collecting and investing in art for over 15 years. After graduating from Queen Mary’s University in 2002 with a degree in BSc Statistics, Olyvia opened her first gallery in St. James’s London. With years of experience, alongside in-depth knowledge of the market and an extensive global network, Olyvia continues to be one of the most prestigious and successful individuals in the industry.

ART MARKET
The Benefits of Buying Original Artwork Online
Are you looking to add some original artwork to your home or office? Buying art online can be a convenient and rewarding experience, allowing you to browse a wide selection of unique pieces from independent artists worldwide. Plus, you'll be supporting the arts community and investing in one-of-a-kind pieces that can add beauty and personality to any space. The online art market has been growing rapidly in recent years. In 2020, online art sales reached $12.4 billion, up from $6.7 billion in 2017. This growth is being driven by several factors, including: The increasing popularity of online shopping. The growing number of art collectors who are comfortable buying art online. The increasing availability of high-quality art online. The convenience of buying art online. We explore further some of the benefits of buying art online and why anyone should consider purchasing art online to expand their Artwork collection. Access to a broader selection of artwork. One of the most significant advantages of buying original artwork online is access to more pieces. Unlike traditional brick-and-mortar galleries, online art marketplaces can feature thousands of works from artists worldwide. You can browse styles, mediums, and price points to find the perfect piece for your space and budget. Many online platforms offer search filters and personalised recommendations to discover new artists and styles. Convenience and ease of shopping. Buying original artwork online offers unparalleled convenience and ease of shopping. You can browse and purchase artwork from the comfort of your home without travelling to a physical gallery or attending an art fair. This is especially beneficial for those with busy schedules or limited mobility. Additionally, online art marketplaces and online galleries often provide detailed information about each piece, including its size, medium, and artist biography, making an informed purchase decision easier. Many platforms offer secure payment options and hassle-free shipping, ensuring a smooth and stress-free buying experience. Direct support for independent artists. One of the most significant benefits of buying original artwork online is its direct support for independent artists. By purchasing artwork directly from the artist or through online marketplaces that support independent creators, you are helping to sustain their livelihood and support their creative endeavours. Emerging artists may have a different level of exposure or financial support than more established artists. Buying original artwork online is a convenient and meaningful way to support the arts community. Ability to discover new and emerging artists. Buying original artwork online allows you to discover new and emerging artists from all over the world. Online marketplaces and artist websites often feature a wide range of styles and mediums, allowing you to explore and find unique pieces you may not have otherwise discovered. Plus, you can snag a great deal on a piece before the artist becomes more well-known and their prices increase. This can be a great way to add variety to your art collection and support up-and-coming artists who are just starting to make a name for themselves in the art world. Some platforms allow you to follow the Artists to know about their next significant event or when they complete the next Artwork to be the first to know and acquire their latest works. Customisable options for framing and display. One of the benefits of buying original artwork online is the customisable options for framing and display. Many online marketplaces and artist websites offer various framing options, allowing you to choose the perfect frame to complement your new piece. Some websites even provide virtual tools to see how the artwork will look in your space before you purchase. This can help you make an informed decision about the size and placement of the piece in your home or office. The ability to customise your new artwork's framing and display options can help you create a truly unique and personalised addition to your collection. Technology is adding to the Art Buying Experience. With increasing technological advancement, buying Art Online through Online Galleries and Marketplaces is becoming more experiential. Use Augmented Reality to project the Artwork in your own space, Artificial Intelligence-based Art recommendations, and Image recognition tools to combine similar works or styles to explore and make your choices. Explore the works, mark your favourites, visualise in your settings and then decide to buy an artwork that suits your interest best. As a closing remark, it is safe to say that Buying Art Online will see more significant growth in coming years to support the democratisation of the Art Market and expand the reach for Artists through Online Galleries and Marketplaces to a newer audience across the globe. RtistiQ is one of the leading online marketplaces for Art, which has adopted new technologies such as Augmented Reality, 3D Spaces, Blockchain and NFC technologies not just to increase the virtual experience of Art Lovers but also to safeguard their investments through digital certification of the works to ensure genuine Authenticity.

ART MARKET
SINGAPORE AND ITS BOOMING ART SCENE
Over the recent years, the growing art scene in Singapore has gathered much attention across the globe. Singapore has bloomed from just being an important financial hub to also a center of art and culture. For anyone looking to explore this booming art scene in Singapore, the various art museums and galleries in the island is just the right place to visit. The Singapore Art Museum (SAM) Location - 39 Keppel Rd, #01-02 Tanjong Pagar Distripark, Singapore 089065 (Heritage buildings at Bras Basah Road and Queen Street closed for redevelopment) Entirely dedicated to contemporary art, the Singapore Art Museum holds an exquisite collection of artistic works by some of the best local southeast and East Asian artists. While creating a lively art experience for all, it has also organized a variety of exciting art events such as the Singapore Biennale and the Singapore Art Week which also included live art performances, art tours, workshops, etc. It has opened up multiple venues for exhibiting art. Apart from the two heritage buildings, the former St. Joseph’s Institution and the former Catholic Street, the most recent addition is the one in Tanjong Pagar Distripark. The National Gallery Singapore Location – 1 St Andrew's Rd, Singapore 178957 The largest museum of Singaporean and Southeast Asian modern Art, it is sheltered in the two iconic Singapore buildings – the Supreme court building and the City hall. These two monuments are itself great works of art built during the colonial times in Singapore. Today, it is home to some of the best collection of modern Singapore and southeast Asian art including the works of prominent local artists like Georgette Chen, Che Chong Swee and Liu Kang as well as by leading artists from both southeast Asia and the rest of the globe such as Raden Saleh from Indonesia and Latiff Mohidin from Malaysia. The exhibitions in many ways expresses the essence of Singaporean art and heritage. There is also the Keppel Centre for Art Education here which is Singapore’s first foremost art education center that fosters an environment of learning and exploration for youths, children and families. The Art House Location – 1 Old Parliament Ln, Singapore 179429 The art house was first established as the Old Parliament House Limited but it was later was renamed as the Arts House Limited on 19 March 2014. It strives to build up a rich community life by connecting through the diverse artistic productions in Singapore. It hosts art activities and exhibitions on a regular basis facilitating interactions among artists and lovers of art. Gillman Barracks Location – 9 Lock Rd, Singapore 108937 While Gillman Barracks today constitutes a space dedicated to creative art, originally, it was a building constructed in 1936 as army barracks for the British’s 1st Battalion. It was named after General Sir Webb Gillman. In 2012, it was transformed into a space for housing some of the leading art galleries while retaining the main colonial architectural designs. This includes the ShanghART Singapore and Sundaram Tagore Gallery. Today, it exhibits a wide array of top contemporary art from different parts of the globe. Within the same structure is the NTU Centre for Contemporary Art (CCA) Singapore which is a research center that encourages experimentation with contemporary art. Goodman Arts Centre Location – 90 Goodman Rd, Singapore 439053 Established in 2011, the Goodman Arts Centre aims to build a lively space for art lovers to interact and experience different art forms such as fine art, dance, theatre and poetry. It is known for organizing some of the most thought provoking and exciting workshops and performances that reaches out to a diverse audience. Ranging from ceramic arts to cultural dance, there is something for everyone in Goodman Arts Centre. Collectors Contemporary Location – Petro Centre, 5 Jalan Kilang Barat, Singapore Collectors Contemporary brings to the fore innovative artistic productions from across the globe in a single platform; also providing an opportunity for art lovers to own some of these contemporary art works. Its selection of exhibits encompasses extraordinary modern and contemporary artwork of high quality. Famous for housing the largest collection of artworks by the famous icon, Andy Warhol, it also regularly arranges educational events and programs for art students with professional artists thereby creating a space of learning. NUS Museum Location – University Cultural Centre, Singapore Unlike other art museums, the NUS museum is actually a university museum set up to encourage cultural artistic life within the university. To enrich the learning experience, it organizes exhibitions, workshops, film screenings and public programs which is carefully curated. It consists of nine galleries which are mostly focused on presenting Southeast Asian art and culture. This includes four permanent collections – the south and Southeast Asian Collection, the Lee Kong Chian Collection, the Ng Eng Teng Collection and the Straits Chinese Collection. The Parkview Museum Location - L3, Parkview Square 600 North Bridge Road, Singapore The main highlight of the Parkview Museum established by the Parkview Group is Italian contemporary art and is famous for holding the largest Salvador Dali collection outside Spain. It however also figures as an important space that encourages the growth of the local art scene. This organizes solo shows and theme-based exhibitions mostly focused on architectural design and traditional art and culture.

ART MARKET
Exploring Art in Singapore
Today Singapore has emerged as one of the most happening artistic hubs attracting tourists and art lovers from across the world. The secret to this is in the nature of the burgeoning art scene in Singapore that encompasses a diverse range of artistic creations ranging from locally designed art to global contemporary art. To begin with, Singapore is reputed for its world class museums and galleries. Among this is the Red Dot Design Museum at Marina Bay which truly is in par with the trending world aesthetics. Designed as a glass building, it exhibits a great number of award-winning designs from over thirty countries. Red Dot Museum Outside the confines of conventional fine art, there is Singapore Tyler Print Institute which has collaborated with established and emerging artist to create evocative pieces by experimenting in mediums of print and paper. STPI is an internationally well renowned creative workshop and art gallery in Singapore fostering a dynamic art hub. Interestingly, it blends engineering with art in a creative way. This can be seen for instance in Russel Qong’s ‘Lotus Dream’ which is a limited edition print made using mixed media, colour silk screen, lithography and gold leafing. STPI Such confluence of art and science is also manifested in the Art and Science Museum at Marina Bay Sands. Futuristic in its approach, its exhibitions broaden the horizons of art and knowledge. For instance, one of its recent exhibitions, “Patricia Paccinini: We Are Connected” gives a fascinating exploration of what it means to be human in a world where biotechnology and genetic engineering is increasingly adopted. It makes one reflect on the ethical concerns around humankind’s abilities to create new life. Art and Science Museum There are also museums that features quirky collections. The MINT Museum of Toy located on 26th Seah Street is Southeast Asia’s largest collection of rare and vintage toys spanning across different eras, cultures and themes. This stimulates a feeling of nostalgia as it features collections of old school toys based on famous characters like Astro boy, Popeye and Tintin. The MINT shop here retails replicas of vintage tin boys and traditional local games for one to take back as memorabilia. MINT Museum There are also museums here dedicated to communities in Singapore that one could explore such as the Peranakan Museum. Here, we have the finest collection of Peranakan artefacts such as jewellery, furniture and textiles; showcasing true Peranakan heritage and culture. This has been dedicated to Singapore’s Strats, people born of Chinese and Malay/ Indonesian heritage. Peranakan Museum Meanwhile, the multicultural heritage of Singapore is exhibited in the Asian Civilizations Museum housed in a historical building by the Singapore River. It holds artefacts from China, Southeast Asia, South Asia and West Asia all thematically organised. This shows the true essence of Singaporean civilization that has emerged over the past with the flow of people, ideas, belief systems and artistic traditions. Asian Civilizations Museum However, art in Singapore also lives in the wealth of street art and iconic wall murals. Tiong Bahru is one such hip places to explore in downtown Singapore. Here, one is greeted by the elaborate painted murals created by the upcoming contemporary artist Yip Yew Chong. His ‘Bird Singing Corner’ memorialises the old ‘Bird Corner’ where residents would bring their caged birds to hear them sing whilst admiring their prized avian pets. Bird Singing Corner by Yip Yew Chong Also popular among tourists is the wall art in China town at Banda street which pours out Singapore’s Chinese heritage through its mural paintings. This includes paintings ranging from fishermen and labourers to Samsui women who were female migrants from Sanshui district of china known for their iconic red headscarves. Here, the Singaporean Artist, Belinda Low’s pictorial depiction of Singapore from past and present is most encapsulating. One can also see several nostalgic paintings by YYC such as his most recent work, ‘Dreams of Chinatown’ (2021) which showcases some of the nostalgic sights of businesses in Chinatown back then. The list is endless. The Hindoo road in little India has a wall dedicated to the iconic Tamil film star, Rajnikanth painted by Muhamed Zukaernaean inspired by the former’s rags to riches stories.

ART MARKET
LEADING ART FAIRS OF THE WORLD
Over time as artistic workmanship and production continues to grow, we see a greater exchange of ideas and arts that has transcended borders. This has been facilitated by art fairs which has managed to provide a common platform to artists, collectors and curators from across the world. Some of such leading art fairs with the best artistic experience has been listed below. Art Basel is reputed to be one of the most prestigious art fairs in the world. Each year, it is organised in four locations - Basel, Hong Kong, Paris and Miami Beach. Here one gets to see a diverse array of modern and contemporary art ranging from paintings and sculptures to digital art and film by leading and emerging dynamic artists represented by different galleries across the globe. An interesting highlight of this fair is the engaging conversation programs arranged among prominent artists. TEFAF (The European Fine Art Foundation) is another one which boasts of a rigorous vetting standard to ensure that it’s exhibits are of the best quality and authentic. Every year, it is held in two locations – New York and Maastricht. While the spring edition focuses on contemporary art and design, the fall show presents fine art and décor from antiquity to the 1920s which includes the old master paintings. In this manner it draws in a vibrant eclectic audience. The Frieze Art Fair is held every year in London, Los Angeles, New York City and Seoul. It presents a wide array of artworks ranging from ancient to modern thereby bringing in influential collectors and curators from across the globe. Some of its 2022 highlights include works by Ibrahim Mahama, Hilma af Klint’s work and many other artistic innovations. FIAC (Foire International d’Art Contemporain) mainly features modern and contemporary art from French and international galleries. Here, the artworks are exhibited within their historical contexts given the structure of the Grand Palais Ephemere. It also offers a range of programs including performances, films and conversations. Zona Maco which is held in Mexico City at the Citibanamex Center every February and September is recognized as one of Latin America’s largest art and design platform. Here one gets to see Mexico’s rich and vibrant artworks corroborated with conversations on Mexico’s culture. It is divided into various sections such as Zonamaco design which features a combination of contemporary art with furniture, textiles, jewellery, decorative items as well as limited editions and historical pieces. La Biennale Paris, happens to be one of the two major art fairs taking place in the City of Lights. It first opened in 1956 as a French antiques fair and has since evolved to include art, jewelry, and other decorative elements for the home. Comprising of one whole weekend exploring 6,000 years of art and decorative arts history with everything from archeological discoveries to futuristic contemporary works from every continent, it is one event that every art lover should see in their lifetime. The Armory Show, named after a modern art exhibition held in 1913, is held every year in March in the Piers of Manhattan. For the first time it is known to have introduced to the continent’s art scene, European popular art styles such as Cubism and Fauvism. Today, it displays some of the best works produced by talented artists of New York. Apart from the main fair, satellite fairs are also organised where the city’s top talent are displayed. SCOPE Art Show features some of the most innovative tech digital art work. Several intriguing art pieces have been exhibited under the genre ‘new contemporary’. Here, one can find trending and exhilarating visual productions as well as traditional fine art. Annually, three shows are organised in Miami Beach in Florida, New York and Basel in Switzerland. Art Toronto, Canada’s premier art event is dedicated to modern and contemporary art. Held downtown each year at the Metro Toronto Convention Centre, the art fair featured showcased 100 galleries from 8 countries in its ninth edition in 2022. India Art Fair held annually in New Delhi has become one of the most celebrated art fairs in South Asia. These exhibits are reflective of the diverse artistic trends and cultural scene of the region. It features contemporary visual arts which are often engaged with modern masters and vernacular artistic traditions such as the works of reputed Indian artists like MF Hussain, Amrita Sher Gill, Anish Kapoor and others. World Art Dubai figures as one of the region’s largest contemporary retail art fairs. While it features art from galleries across the world, it is particularly celebrated for its dedication to work by middle eastern and north African artists. It is divided into five sections – modern, contemporary, Residents which includes a series of invited ‘solo presentations and Bawwaba which is a collection of 10 exhibits curated specifically for the fair. ART STAGE takes plce every January in Singapore. Conceptualised by Lorenzo Rudolf, the Director who lead Art Basel it is one of the few international art fairs in the Southeast Asia region, it bridges foreign galleries with local including exhibitors from Tokyo, Taichung, Seoul, Hong Kong, and of course, from Singapore. Contemporary Istanbul, an annual art fair opens every September in Istanbul. The art fair fosters Istanbul’s cultural scene, which is strengthening despite the region’s political instability.

ART MARKET
NFT EVENTS YOU DO NOT WANT TO MISS!
Over the past few years, NFTs have taken the internet by storm as it has redefined the creative industry in significant ways. NFT which stands for ‘Non Fungible Token’ are digital assets based on blockchain technology. It may exist in the form of an artwork, article, music, memes etc. This has given way to new opportunities to the creator economy at a global scale. Thus, the buzz around NFT is hardly surprising. So mark your calendars and book your spots for here are some NFT events that you do not want to miss! CES 23 Date – 5 – 8 January, 2023 To be held in Las Vegas from 5 – 8 January, CES is reputed as one of the leading tech event in the world attracting innovators from across the globe. It will be featuring the various aspects of tech sector including blockchain technology. Metavsummit Dubai 2023 Date – 11 – 12 January, 2023 METAVSUMMIT organizes great events connecting Web 3.0 companies (Blockchain, Metaverse and NFTs) with investors from across Dubai and the Middle East. If one is looking for investment opportunities in Metaverse and Web 3.0. companies, this event would just be the right one to go. It accommodates 50+ engaging speakers, 300+ founders and 3000+ attendees facilitating exchanges on ideas around NFT and crypto currency and learning about Web 3.0. World Crypto Conference 2023 Date – 13 – 15 January, 2023 World Crypto Conference, 2023 envisages to create a common platform for blockchain companies and start-ups, developers, investors, media and traditional corporates from around the world. They will be hosting some of the best speakers and organizing panels, workshops and contests facilitating exchange of ideas on the blockchain world. This space would also foster networking and investment opportunities for start-ups proving opportunities for everyone to grow together within the international community. You can look forward to meeting famous personalities as speakers in this event such as Megan Nilsson a NFT consultant, Alberto Cuculachi a founder of DeFi Daily, Arvin Khamseh an NFT marketing expert, Luc Froehlich, Digital Assets at Fidelity and many more. BLOCKCHAIN FEST SINGAPORE 2023 Date - February 16 - 17, 2023 Singapore is considered as the hub of modern financial Asia. It is here that the Blockchain Fest is organised every year which is reputed to be one of the most interactive events in Southeast Asia on NFTs, Cryptocurrencies, Blockchain, Decentralized finances etc. Here, one can look forward to networking with top professionals in the finance world and the industry thereby creating unique business opportunities. NFT PARIS Date - February 24 - 25, 2023 NFT Paris brings to us the largest NFT event at The Grand Palais Ephemere as it introduces us to the various forms of NFTs from Fashion, Art, Music and media and many more. It will be hosting important leaders and experts from the NFT world like Nicolas Julia, founder and CEO of Sorare, Sebastien Borget, founder and COO of the Sandbox and Matt Medved (founder and CEO of NFT Now). It also served to provide a common platform for collectors, business owners and artists to link up Blockchain Life 2023 Date - February 27 - 28, 2023 Blockchain Life is considered to be among the top three world events in the industry of digital arts. While it will be having top professionals from the industry, the forum is also welcoming to beginners who are entering into the industry for the first time. Here, participants could meet new business partners and learn about earning through metaverses, NFT, DeFi, P2P trading, etc. NFT LA 2023 Date - March 20 - 23, 2023 NFT LA is a remarkable opportunity to experience the world of the Web3 and join the global NFT community along with various world leaders, investors and brands and experts. With it’s focus on co – creation, one could participate in engrossing discussions on NFTs, cryptocurrency and other related topics. To make it even better, there will be music and entertainment. NFTCONGERMANY Date - May 26 - 28, 2023 For an NFT enthusiast, NFTCONGERMANY serves as one of the best platform to learn about the growing NFT community. This time, it will be inviting various exhibitors from art, music, technology and industry, as well as speakers on the growing potential of NFTs. Miami NFT Week Date - 31 March 2023 – 2 April 2023 The Miami NFT week will be a three day event presenting creative art installations, competition and panel discussions on NFTs, DeFi and Blockchain technology. It will be held at Mana Wynwood Convention Center located near one of Miami’s most happening districts known for night life and vibrant art scene. You will have a chance to meet some of the best personalities in the industry like Avery Akkineni, president of Vayner3; Mark Cuban, owner of Dallas Mavericks; Swan Sit, former Global Head of Digital Marketing at Nike and current ‘Queen of Clubhouse” according to Forbes.

ART MARKET
Is The Adoption Of Digital Fashion Really More Sustainable?
Over the past few years, we’ve seen art marry technology in many ways. From NFTs taking over Instagram and the Metaverse completely changing the game with virtual museums and exhibitions, the possibilities are—quite literally—endless. But, of course, it’s not limited to paintings and animations, either! Digital fashion is gaining traction with virtual influencers wearing designer clothing and brands creating digital collections with materials one can only dream of. What Is Digital Fashion? Digital fashion refers to intangible items that exist in virtual environments. AR filters, direct-to-avatar clothes, skins for gaming, and even crypto art that you can purchase for yourself are considered digital fashion. It even includes 3D collections and virtual runway shows! Currently, more and more fashion brands are entering this space as they predict that this market niche will be profitable in the near future. As a result, it might even be easier to implement internal carbon pricing strategies with this technology. In the next few years, we’ll be seeing more and more virtual-native fashion startups emerge, as well as the widespread adoption of this field among mass-market and luxury labels. Fashion’s Detrimental Effect On The Environment Before we dive deeper into digital fashion, let’s first talk about fashion and the planet. It’s no secret that this industry has detrimental effects on our environment. 10% of the total global carbon emissions produced worldwide can be traced to the fashion industry. And it doesn’t end there! Producing clothes dries up our water sources and pollutes rivers and streams. Plus, it’s estimated that the industry creates 92 million tons of textile waste every year. These statistics are staggering. And the thing is that consumers are increasingly aware of the industry’s impact, which means they’re demanding accountability. That’s why we’re seeing fashion brands pivot. From creating clothes out of sustainable materials to repurposing secondhand and vintage fabrics, there’s a clear shift happening. And then there’s digital fashion. Digital Fashion: Is It The Answer? Virtual fashion can change how physical products are manufactured and purchased. With technological advancements and a push for more virtual experiences, it is possible to address multiple environmental issues that the industry is currently facing. Digital fashion eliminates all physical waste, and brands wouldn’t even need to concern themselves with water consumption! Since raw materials are coded in computers, there are no unethical supply chains. There wouldn’t even be any labor issues because the workers are highly competent designers and programmers known to have generally favorable working conditions. As for technological breakthroughs, some of the ideas and methods we’re already seeing are the following: Augmented Reality and 3D Digital Design Brands can reduce waste produced in upstream operations with the help of 3D digital design and augmented reality. Working samples in technology allow brands to show customers their new collections through digital samples. Compared to physical production, 3D garment simulation reduces sample lead time from one month to one day and generates no fabric waste. Some brands that are already adopting this strategy are Adidas and Theory. Digital Avatars For Try Ons Through our virtual avatars, we can purchase made-to-order clothes. With this technology, we can virtually try on the products we plan to buy. By placing orders for clothes we know we like, fashion brands can cut back on production, effectively lowering the number of leftovers and textile waste. Beauty brands like Estée Lauder are already adopting this by creating virtual beauty stores that let you try on products such as lipsticks and foundations. Digital Fashion Shows It’sno surprise that virtual events are more sustainable than physical ones. They generate less waste due to less material fabrication and eliminate the need for large-scale food and beverage services. Digital Fashion Week is a thing now, and it’s unlike physical fashion runway shows. Here, designers can showcase their pieces which wouldn’t even be possible in the physical realm. Addressing Overconsumption With Digital Fashion Aside from the incredible technological advancements being created in this space, digital fashion might also be just what we need to combat overconsumption. Take a good look at your wardrobe. Are there clothes that you barely ever wear? Unfortunately, people have more clothes than they need, and the adoption of digital fashion can change this. A digital-only garment has less impact on the environment, and if it proves to meet the customer’s needs to have new, exciting clothes all the time, this will be a big win for sustainability. The Future of Digital Fashion We can all agree by now that the future of fashion is digital. It’s definitely here to stay and slay! The sooner we adopt it, the sooner it will have an impact on how we consume clothing and even redefine our relationship with the outfits we wear. With digital fashion, the industry might finally be able to turn the tide and create more sustainable solutions for the sake of the planet and everyone in it. Dont miss out on our digital fashion auction taking place between the 26- 29 Jan 2023. Click here and get ready to bid on exclusive items for your digital collectibles. It’s your opportunity to build a spectacular digital wardrobe and collect digital fashion art to show off online!

ART MARKET
Five Ways to integrate NFTs with physical products. Going Phygital.
To succeed in business, one must always look for methods to improve one's offerings and differentiate themselves from rivals. Non-fungible tokens (NFTs) are a relatively new method for accomplishing this. You can include tokens like these in a company's tangible goods and services to provide customers access to features they wouldn't get with more conventional offerings. This article will discuss five ways companies can improve sales and differentiate themselves by using NFTs with traditional products. It is referred to as "Phygital" as they combine both online and offline features. What is an NFT, and How it functions? Non-fungible Tokens (NFTs) are blockchain-based digital assets with the added functionality of smart contracts. NFTs are unique and cannot be exchanged for another token, unlike conventional cryptocurrencies (which also operate on blockchain technology). When an NFT is created, it is assigned a one-of-a-kind ID that no one cannot modify once it has been recorded in the blockchain. Five ways to integrate NFTs with physical products. 1. Gain customer trust by offering transparency. The widespread availability of data has only increased consumers' appetite for additional insights. As a result, consumers will do their homework on various brands and items before making a purchase. Because of this, companies need to be more open than ever to win and keep customers' confidence. 93% of consumers feel confident in a business is critical to continuing to be devoted to the brand, according to data from recent research. Customers will have an easier time verifying product authenticity and gaining insight into your supply chain if NFTs are embedded into your items. In addition, NFTs can provide an essential degree of credibility that can build faith in your consumers because the data is stored in the token and therefore is secured due to the decentralization of the blockchain. 2. Safeguard brand image by utilizing NFT. Both mainstream consumer and premium brands are frequently targeted by counterfeiters, damaging their reputation and sales. Including a certificate of authenticity can be advantageous for high-value items, limited edition products, and collectibles, although even these can be faked to some extent. In other words, using NFTs does away with the requirement of a reliable third party to verify transactions. It is made possible because the data regarding the possession and replicability of the fundamental asset is stored on a public blockchain and can be accessed by anyone. Therefore, before making a purchase, customers can use them as self-authenticating certificates of authenticity, which means they can serve the same purpose as the originals. 3. Easily trace each product. With NFTs, you may provide a distinct digital identifier to each of your items through a process called serialization. Like any product code, you may use this one to access the corresponding data on the blockchain. Because of this, it is more secure and efficient than alternative methods, such as secret registration number databases. Moreover, every newly minted physical thing is recorded separately from the rest. For this reason, the blockchain process will also document each object's previous owners and whether or not they resold it. 4. NFT can facilitate remanufacturing and reverse supply to improve waste disposal. There is more to the production management puzzle that NFTs can assist solve than simply making things traceable so that both you and your customers know where they went. They can also include vital information about adequately disposing of each item to reduce its environmental impact, bringing the user deeper into the product's life cycle. 5. Increase income from royalties. People buy mass-produced goods for a few cents becoming priceless relics for collectors years later. The thought of sharing in that success excites you because you were the one who first made it. If you create a new token (NFT) for the product and include royalty fees into the smart contract, you can. It will allow you to earn more money if your items are exchanged on supported exchanges. Conclusion NFTs provide numerous advantages for companies that include them in their existing physical offerings. The capacity to embed royalty payments into each product, enhanced openness that can develop customer confidence and the potential to use NFTs as assurances of validity are just a few examples. Each of these advantages contributes in its particular way to the success of your company. In addition, they provide a richer set of resources for companies to protect their products and brand image just like RtistiQ. Check out our website at art.rtistiq.com to learn more.

ART MARKET
WHERE TO ENJOY ART IN SINGAPORE THIS WEEKEND
If you are looking to spend an art-filled weekend in the ever-surprising Singapore, we’ve put together a list of five recommendations to keep you entertained. As the city-state is returning to its fast pace, many exciting art events are taking place across the island. Regardless of your interest in learning more about ancestral cultures, you wish to emerge yourself in a selfie-worth installation, or you just want to cool your body and mind with a minimalist exhibition, we got you covered. Don’t forget to leave your feedback if you see any of the exhibitions. 1. Annual Special Exhibition: Second Movement Richard Deacon, Housing 9, 2012, Marbling on folded STPI handmade paper, constructed with magnet button, 109.5 x 57.5 x 51 cm. © Richard Deacon / STPI. STPI’s 2022 Annual Special Exhibition Second Movement is a homage to the enduring creative spirit of its experimental projects with critically acclaimed artists. Curated by Khai Hori, the exhibition is featuring works by Alfredo & Isabel Aquilizan, Heman Chong, Genevieve Chua, Richard Deacon, Heri Dono, Ryan Gander, Goh Beng Kwan, Han Sai Por, Trenton Doyle Hancock, Shirazeh Houshiary, Teppei Kaneuji, Kim Beom, Jason Lim, Zul Mahmod, Eko Nugroho, Manuel Ocampo, Anri Sala, Rirkrit Tiravanija, Hema Upadhyay, Ian Woo, Haegue Yang. For STPI’s 2022 Annual Special Exhibition STPI showcases 41 works by 21 artists from the past two decades of creative collaborations. To date, over 100 artists from around the world have participated in the Visiting Artists Programme, where they are invited to explore creating works in print and papermaking. Each collaboration with the workshop team serves as a testament to how these mediums can be endlessly reimagined through these artists’ hands, pushing the limits of what can be achieved with these techniques. Thus, Second Movement is an invitation to get to the heart of what an STPI collaboration truly means, where new techniques, technicalities, concepts, and philosophies constantly come into being. Where: STPI On display until 24 July 2022 2. Batik Kita: Dressing in Port Cities Batik Kita: Dressing in Port Cities explores the rich history and culture of batik and batik making, from its traditional roots to contemporary designs. Visitors are invited to step into the exquisite world of batik textiles that cut across cultures and ethnic backgrounds, and explore the dynamic possibilities of batik as fashion through the years. The exhibition also introduces innovations by batikers in the age-old craft, and showcases how batik charted the evolution of new identities from Indonesia, Malaysia, and Singapore. Where: Asian Civilisations Museum On display until 2 October 2022 3. iLight Festival MOTHEREARTH ClimateChange Data Sculpture i Light Singapore is Asia’s leading sustainable light festival held in Marina Bay. First held in 2010, i Light Singapore showcases light art installations created by Singaporean and international artists. These artworks are designed with energy-saving lightings and/or environmentally-friendly materials to encourage festival goers and the general public to adopt sustainable habits in their everyday lives. The Festival also features a diverse range of fringe activities for visitors to enjoy, bringing vibrancy to public spaces in our city centre. Light enables us to see and understand the world around us. The segment of electromagnetic waves that is perceivable to our eyes is known as the visible light speidea in one’s mind. Local and international artists have responded to the theme with creative interpretations, such as reimagining the potential of repurposing everyday objects and waste into delightful light installations. These contemporary light art will be showcased at the Festival, with the aim to encourage conversations about our lifestyles and consumption behaviour to build a more sustainable future.ctrum. Light is a form of energy that travels as waves, and the wavelengths determine the multitude of colours that we can see. Colours affect us in many ways, and form a language that communicates and associates itself with thoughts and emotions. Themed Spark of Light, the 2022 edition will kick off with the colour that has the shortest wavelength - violet. Embodying the most powerful electromagnetic energy in the visible light spectrum, violet is a colour that signifies creativity by awakening our senses, akin to the spark of a an idea in one’s mind. Where: Various location at Marina Bay, check the event map. On display until 26 June 2022 4. BreatheWater by PARVATHI NAYAR Installation view of BreatheWater, Parvathi Nayar, 2022. In the epoch of the Anthropocene, Parvathi Nayar looks to the essential elements of life: air and water, to explore that which connects us all. In BreatheWater, she looks at the existence of diatoms, microscopic organisms with walls of porous glass that are found in water, especially the oceans. Diatoms contribute to the oxygen we breathe and function as a gauge of the purity of water. Nature’s minuscule oxygen-creators are magnified and rendered larger-than-life in this sculptural installation that creates an enveloping environment in which the invisible is made visible. The installation references the waters that encircle the island-city of Singapore, and at a meta level, examines the issues of global warming, climate change and pollution. By drawing our attention to the invisible, BreatheWater suggests that the world is more magnificent, mysterious and interconnected than we consciously acknowledge. The practice of Parvathi Nayar (b.1964, India) unfolds through complex and intricate drawings, video, installation, text, and photography. Her art talks about the environment, urban memory and sustainability, with water as a consistent theme. She often utilises science as a prism to excavate microscopic and macroscopic perspectives that explore her deep fascination with the philosophies of space. Nayar has participated in numerous exhibitions including Chennai Photo Biennale 3: Maps of Disquiet (2021/22), We Are Ocean by Artport_Making Waves – Marseille, Berlin, Venice, (2019-2021), DAMNed Art Show, Goethe-Institut Chennai, India (2018), Whorled Explorations, Kochi-Muziris Biennale, India (2014) and Pulp Friction, Singapore Art Museum (2001). She is a founder-member of The Hashtag#Collective. Where: Esplanade, Theatres on the Bay On display until 24 July 2022 5. Ever Present: First Peoples Art of Australia “Yam awely” by Emily Kame Kngwarreye, Anmatyerre people. 1995, synthetic polymer paint on canvas. National Gallery of Australia, Kamberri/Canberra, © Emily Kame Ever Present: First Peoples Art of Australia surveys historical and contemporary works by over 150 Aboriginal and Torres Strait Islander artists from across Australia—the largest exhibition of its kind to travel to Asia. Drawn from the collections of the National Gallery of Australia and The Wesfarmers Collection of Australian Art, the artworks show deep interconnections between past and present, as well as extraordinary artistic innovation. Ever Present is a celebration of Aboriginal and Torres Strait Islander art, while also grappling with Australia’s complex histories. Art emerges as a tool of resistance, asserting deep connections to country, as well as using wit and satire to confront viewers and encourage conversations about critical issues in the world today. The works challenge stereotypes about First Nations people and what defines their art. This exhibition explores key aspects of Aboriginal and Torres Strait Islander life and culture, arranged thematically to highlight connections to land, community and ceremony, as well as experiences of colonisation and resistance. The exhibition also draws out links with Southeast Asia, connecting First People’s art from Australia to the broader history of this region. Where: National Gallery Singapore On display until 25 Sep 2022

ART MARKET
Three things you can do with your Digital NFT Art collection
NFTs have become extremely popular in a short period of time. Crypto enthusiasts and collectors are looking for opportunities to hold the rare immutable NFT assets. But many crypto newcomers don’t quite know what to do with NFTs after they buy them and it is sitting in their crypto wallet. This article aims to explain the popular uses of Art NFTs that you might have bought on our platform RtistiQ. There are many different types of NFTs and what you can do with an NFT is largely determined by the type of asset you have purchased. Essentially a non-fungible token, or NFT is a form of digital asset that is unique and uses blockchain to record its ownership status. NFTs can only have one official owner at a time, and if you have purchased an artwork on RtistiQ, you are the lucky one to own it. This token is now secured by the blockchain - no one can modify the record of ownership or copy & paste a new NFT into existence. So does it come with copyright transfer too? No, an NFT is not to be confused with copyright – an NFT gives you a proof of ownership. There is no copyright transfer, unless explicitly mentioned. You get ownership of the artwork, with the licensing terms encoded as metadata. Some creators will let you use your copy only for personal use, while others might permit commercial uses. The ownership of the unique token has been transferred to your wallet via your public address, proving that your copy of the digital file is the original one. Your private key is the proof-of-ownership, and the content creator’s public key serves as a certificate of authenticity for that particular digital asset. So what to do with the NFTs now that you have bought them? Depends how you want to be involved, but you have the following three main options. Hold your ‘Collectible’ and add it to your collection Art NFTs are great ‘collectibles’. Just like paintings that you display in your home are unique pieces of art without any copies, an art NFT is a digital form that is unique. You can enrich your visual experience with it and it can gain value over time. This makes them potentially a great investment. The more rare NFTs you have in your collection, the more exclusive it becomes. 2. Display the NFT in a digital or physical gallery, or in the Metaverse NFTs provide intrinsic and social status value which can be showcased in NFT displays and video frames. NFT display apps on iPhones and tablets. Inside the metaverses – Decentraland, Cryptovoxels, etc. On the wall - printed and framed (if the contract permits). An NFT Display is a unique and snazzy way to display your asset with a certificate of ownership alongside it. An NFT display is connected to your wallet, to prove ownership of your NFT. It offers high quality visual and audio output, and comes with aesthetic frames and swivel mounts, and state-of-the-art features like gesture and voice controls Netgear’s Meural Canvas II, Canvia – Digital Art Canvas, BlockFrame NFT – Digital NFT Display Frame, Samsung – The Frame, Lago – The Frame and Blackdove Digital Canvas are a few of the trending options. 3. List your NFT for sale in a secondary marketplace and resell You could resell your NFT to try and turn a profit when the time is right. You have full right to list your NFT for sale on an NFT marketplace such as OpenSea, Rarible, Nifty Gateway, Larva Lab, Axie Infinity, SuperRare and more. Once you complete your listing on the marketplace, your NFT will be available for purchase on it. You can promote the sale to potential patrons via your website or social media channels. Do note that there are associated gas fees that might be incurred in case of making changes or removing your listing. Some creators may demand a royalty every time someone resells the piece. In that case royalties are built into the NFTs. In the near future, RtistiQ expects the infrastructure that supports NFTs to catch up even more and there will be further use cases for the emerging technology. Facebook renamed themselves to Meta last year, Microsoft joined the metaverse hosting immersive meetings with avatars…and many other companies are joining the boom. With the NFT ecosystem growing, it looks like NFTs are here to stay, dominate and slay.