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Step into the dazzling world of art and technology as Christie’s Art+Tech Summit takes center stage, where the future of art, its accessibility, and its audience are under the spotlight! In the heart of New York, the art auction powerhouse, Christie’s, hosted an exhilarating panel discussion titled “AI, Digital Assets, and the Future of Museums and Galleries,” unveiling the revolutionary impact of Web3, Non-Fungible Tokens (NFTs), and AI on the global art landscape.

Madeleine Pierpont, the Web3 Associate for the illustrious Museum of Modern Art (MoMA), revealed that Web3 is expanding art institutions’ horizons, reaching audiences that were previously beyond their grasp. The reason behind this phenomenon lies in the marvel of digital art—the most accessible form of art that effortlessly finds its way into every facet of our lives.

But let’s not forget, digital art isn’t a new pursuit for MoMA. In fact, they’ve been at the forefront of the digital art movement since as early as 1960! However, the recent surge of blockchain and NFTs has urged them to assemble a trailblazing multidisciplinary Web3 team, propelling them into new artistic frontiers.

Lukas Amacher, the visionary Managing Director of 1OF1—a prestigious collector’s club with a passion for digital art—proclaimed that it’s no longer just about “digital art,” but rather embracing the essence of “art in the digital age.” Enter NFTs, the enabler that has bestowed upon them the revelation that collecting digital objects is now a legitimate and extraordinary endeavor.

A bridge must be built between the traditional art world and the burgeoning Web3 realm, as Lukas sagaciously noted. Both worlds tend to be insular, but understanding and collaboration are the keys to unlocking the true potential of digital art. After all, the finest art has always been a reflection of our human experience, and we are undeniably living in a digital era!

Anthony Troisi, the visionary Director of Finance & Operations for the Miami Institute of Contemporary Art, emphasized the vast possibilities that the decentralized nature of Web3 offers institutions. They’re barely scratching the surface of what this exciting realm holds for the future of art.