NFTs, AI, XR, Blockchain, web3, Metaverse. It seems that the art space is constantly overwhelmed with novelties, and it is transforming constantly. So, we decided to talk about all these transformations with Elizabeth Strickler who is an art collector, but also a Director of Media Entrepreneurship and Innovation at the Creative Media Industries Institute at Georgia State University. She teaches Media Innovation and works with major labels and cultural icons to build web3, blockchain and innovation strategies.
Elizabeth Strickler organized a series of lectures at the Creative Media Industries Institute with leading voices on topic such as VR, Metaverse, Blockchain, or NFTs. You can watch the series here:
TVA: When I started to know you better, it was during the NFT hype – you had a presentation, and you were positive about NFTs – as I was too at that time. It was something new and we all thought it is a solution for artists. I wanted to ask you, with all that it’s happening right now in the NFT and art space, if something has changed; how do you see it now the NFT space evolving?
Elizabeth Strickler: I got started and first I learned about NFT’s through Crypto Kitties – and it was like a new discovery; it was fun, exciting, and interesting! And then, that actually got me into cryptocurrency, and got to understand blockchain.
Then I invested and I saw the boom and bust in 2017 – 2018, but, when people started really embracing the NFT in 2021, I was incredibly excited. It seems to be a solution to digital art ownership and for artists to keep control of their data and get royalties. So I was very invested in this.
But, then I had Bored Ape stolen. And I am sort of as experienced and expert as one can be – because in this space, we are all learning.
But, then I began to see, that this is a very new and wild space, and one must be cautious. So, this happened to me.
And then, also when you see the over-exuberance going on, when you get started and you are very excited, but then you see the whole world get excited, without fully understanding, you start to get a feeling of “oh my goodness, something, something feels wrong”.
So the crypto winter was something that I understand – we had an over-exuberance and it was a correction. And it felt similar to the internet because my career started with helping create web hosting, I was an engineer during that time, and I saw the boom and the bust. It feels similar. But from what happened recently that I am just completely confused is, of course, the FTX fraud – I still consider that we will recover from it.
But the ability to circumvent royalties was another kind of difficulty in the NFT space. And honestly, the thing that’s got me the most perplexed at the moment, is the simple ease of creating digital art with AI.