Bored Ape and CryptoPunk NFTs 'are not artworks': Collector and creator Derrick Li spoke with us about the distinctions between digital art and collectibles:
NFT collector and enthusiast Derrick Li first learned about the digital art form the way many of us did—through the $69 million sale of Beeple’sat Christie’s in March 2021. But that’s where any similarities with those who jumped onto the NFT bandwagon stop.
I founded Triple X at the beginning of last year and have been an NFT collector, curator, and builder since soon after Beeple’s auction at Christie’s. I started researching them and realized their potential, their user cases, and their benefits to the artists and all users.First, I knew I was still early in joining this market, so that would be a great advantage—the earlier you are in and the harder you are willing to work, the better shot you get to have.
Classic becomes classic for a reason, and I don’t want Triple X to be seen or associated with hype. I want it to build a culture, and to have a culture within too, with like-minded people. The artist David Ariew also helped me connect with many other artists, including Raoul Marks, who is in the sale. David has always been this super helpful and nice person.Yes, definitely! This current collection is called “On Sparks and Souls”, and one of its main intentions is to show the artistic essence of these NFTs and raise the bar for the artistic conversation around them. I asked these NFT artists to create works that in some way respond to Jia Aili’s paintings.
The market was so unstable because some people were playing this money game, trying to speculate on certain artists’ markets, and then they got to become the “influencers” to tell people what’s good or not, who should people be looking into and buying into, rather than any real knowledge of the artwork. NFTs were being sold at prices that made no sense given their actual and true demand and artistic values.
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