Russia held a digital art fair for global NFT collectors
Location: Nizhny Novgorod, Russia
Over 80 videos, animations and other works were displayed
(SOUNDBITE) (Russian) ARTIST, ROMAN BOBKOV, SAYING:"Visual art sells the best, or some animations. They look more interesting for the buyers than static pictures."
Non-fungible tokens have exploded in popularity in recent months
(SOUNDBITE) (Russian) DISARTIVE ART AND TECH FAIR FOUNDER, OLGA DVORETSKAYA, SAYING:"Blockchain technology added a lot of value to the digital art. And our project is aimed at two things. In the first place, it is about mass adoption, we are bringing a new culture to the masses of people, showing how beautiful it is. Second, it is the development of a creative economy. The majority of our participants are less than 30 years old. They are creating these masterpieces and then earn money selling this content."