Posted 9/6/2023, 1:37:28 PM

NFT collapse and monster egos feature in new Murakami exhibition

Murakami's new exhibit at the Asian Art Museum reflects on his rocky first foray into NFT art, which took place right before the 2022 crypto collapse.
The exhibit features mixed media pieces depicting humanoid monsters, commenting on the swelling egos and toxicity enabled by social media and crypto mismanagement.
Alongside the monstrous figures are physical recreations of Murakami's NFT flowers, meant to stabilize their deflated value after the crypto crash.
Despite setbacks, Murakami remains optimistic about the future of NFT art, believing the metaverse will add depth to an increasingly "hyper-Superflat" world.
The exhibit highlights differences between Japan's acceptance of high/low art vs the West's hierarchical approach, which Murakami thinks contributes to NFT skepticism.

cointelegraph.com

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