NFTs will officially have a presence at the Venice Biennale this year, as a crypto-art exhibition will take up a part of Cameroon’s debut national pavilion:
Global Crypto Art DAO
, which was formed in December 2021 by five founders from the NFT community, 15 contemporary art and crypto art professionals, and 22 artists. The exhibition at Cameroon’s pavilion marks the debut of the DAO, which plans to stage shows worldwide, according to one of the founders, a crypto art dealer and collector who identifies himself as Hesiod. Founding councilors nominated artists for consideration, and the full group voted on the final lineup.
Artists are not required to pay to be exhibited, according to an FAQ document reviewed by Artnet News, but a donation of one or two of works “for initial sponsors will be highly appreciated.” The DAO will not sell works out of the exhibition during the run of the show, the FAQ states, but will “encourage visionary collectors and investors to buy and collect these artworks before or after the exhibition.” Artists are also free to market their own work: “We are in a world of the internet and blockchain, and the free will of everybody is respectful,” the FAQ reads.
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