Abstract:
This paper focuses on the technology impact via Blockchain to change consumer
behavior in the digital art industry. The paper objectives are three folds: first, analyze the
impact of Ethereum in selling digital artwork and on the bank world. Second, investigate the
effects of Non-Fungible Token on the art industry. Third, highlight how people can sell their
artworks, tweets, or even memes for thousands of dollars. Fourth, explain the effect of
Ethereum in creating value for artwork and why a meme that includes nothing unique to be
sold for an unbelievable price?
The paper provides insights on the future of the digital arts industry and the rational
behavior of the developers, artists, and even customers, as the three parties shape the business
of the NFL’s success. It reflects on the investment behavior in digital arts and the importance
of a secure long-term investment for a niche segment that seeks to satisfy their need of
acquiring unique products. The paper serves as a guide for digital art and focuses on how AI
applications create profitable markets.
