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NFTs and cryptocurrencies will dominate ‘The Night of the Museums’ in Buenos Aires

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For the first time, the immersive work in NFTs by digital artist Refik Anadol will be exhibited in South America, this weekend (22nd and 23rd), at Praça Juan Facundo Quiroga, next to the Eduardo Sívori Museum of Plastic Arts, in Buenos Aires ( Argentina).

The initiative is made possible by Ripio, a pioneer brand in the crypto sector in Latin America and with a community of more than 3.5 million users, which is also a sponsor of the ‘Buenos Aires artbag experience’, responsible for a series of cultural events focused on in the new digital economy through art.

Refik Anadol’s work ‘Machine Hallucinations: choral’, which was successfully exhibited in the cities of Barcelona (Spain), New York (United States) and Berlin (Germany), makes up the program of the cultural event ‘Night of the Museums’.

Among other activities that are part of the program is the lecture ‘WAGMI: web3 communities’, coordinated by Ripio and artbag. The presentation will be made by Solow, Hashi and Resilient, communities in the crypto world that aim to bring more people to the new digital economy through education, mentoring and project building.

For Juan José Méndez, Ripio’s Chief Brand Officer, the initiative opens the doors to the world of new digital arts for an audience that has not yet had the opportunity to appreciate them and Ripio, as a gateway to the crypto world, seeks to provide these experiences to bring more and more access to the new digital economy.

We see art as an excellent instrument to bring together, accompany and welcome more people on the web3, which for us is a new stage and the future of the crypto ecosystem. Often, cryptocurrencies receive the focus or are associated mainly with the value of Bitcoin (BTC) or Ethereum (ETH), but it is necessary to reinforce that the digital economy goes far beyond that. Today web3 proposes a more decentralized world that needs everyone to have access and understand its reach and value”, stresses the executive.

NFTs in art

In this context, it is interesting to be able to understand a little more about what NFTs are (acronym for “Non-fungible Token” or “Non-fungible Token”, in free translation) and how they differ from any other image that is circulating on the internet. . NFTs are unique and exclusive digital assets that emerged from an Ethereum network protocol. Its main utility is to assign ownership, identify and differentiate any type of data package registered on a blockchain.

Although some of them have cryptocurrency functions, in general NFTs work as collectibles, that is, they are tokens with characteristics that cannot be replaced by others. That’s why they have a value that usually increases precisely because of this exclusivity. NFTs are somehow a “view” of an asset or a digital representation of its physical form and their acquisition is possible based on mutual consensus and transparency.

Ironically, NFTs are called “jpgs”, but there is a big difference between them. NFTs have security, ownership, and authenticity measures that are critical in the art world. This guarantees its rarity and exclusivity (whether it is a unique, limited or personalized work) and makes it clear that it is an indivisible and irreplaceable work.

Today these assets are one of the great drivers of the crypto ecosystem, as more and more people start to participate in the community through them, whether as an investment, to collect or because they want a piece of digital art.

About the author

Grupo Ripio is a leader in the crypto market in Latin America, with more than 3.5 million users and has operations in Argentina, Brazil, Uruguay, Colombia and Mexico, with a launch expected soon in Spain and the United States. In addition to the Ripio platform, the Group has the BitcoinTrade exchange and Ripio Select, a platform that offers a premium service capable of providing liquidity in cryptocurrencies at the most competitive prices on the market and with a simplified operation.

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