How NFTs create a ‘beautiful cycle’ between artists and fans

Panelists at an Australia Blockchain Week discussion talked about the favorable way the NFT industry has grown through close interactions between artists and fans.

The nonfungible token art industry has developed into a “beautiful cycle” thanks to the connection artists have with their fans according to artist Danielle Weber who spoke at the Australia Blockchain Week conference.

That connection with fans is apparent the moment one enters the NFT space. A collector may join a Discord channel from an NFT project or begin following an artist or a collection’s account. Through those media, collectors can voice their opinions and get real-time updates directly from the content creators about the direction they are taking with their art. As Weber stated, such an arrangement allows artists to “think more widely about how we can give back to our supporters.”