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New Murakami exhibition showcases NFT collapse and larger-than-life egos

New Murakami exhibition showcases NFT collapse and larger-than-life egos

– Takashi Murakami, a renowned Japanese contemporary artist, is known for his brightly colored signature characters that have appeared on various products.

– Despite collaborating with celebrities and institutions, his NFT projects have not gained as much popularity as other contemporary artists like Beeple.

– Murakami’s flowers, inspired by postwar Japan and its subcultures, are gaining recognition and may become as iconic as other popular NFT collections.

– Murakami’s first NFT launch coincided with the crypto collapse in 2022, causing a significant drop in their value. He paused sales and apologized to investors.

– He is now exploring how to create digital art that matches the value of his real-world art and aims to bridge the gap between the metaverse and the art scene.

– His upcoming exhibit, “Unfamiliar People – Swelling of Monsterized Human Ego,” comments on the negative influence of digital technology and the mismanagement of media personalities.

– Murakami believes that the current decline of virtual currencies is a temporary setback and that NFT art will become more common in the future.

– He has created physical reimaginings of his NFTs, including paintings and sculptures, to stabilize their value.

– Murakami highlights the difference in value systems between the contemporary art world and NFT art, with many western critics rejecting NFTs as art.

– He suggests that the western art world should adopt Japan’s approach, where there is no distinction between high and low art.

– Murakami also discusses the challenges faced by Japanese artists in entering the NFT market due to strict regulations and a complicated virtual currency ecosystem.

– The current state of NFTs is challenging, with many creators unsure of what to do next. However, Murakami sees NFTs as the future of creativity and commerce.

– He believes that the era of Superflat has come to an end, and we are now heading towards a hyper-Superflat world with the rise of the metaverse.

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