Italian NFT art “prediction”

Tuesday 3rd January, 2023 - Bruce Sterling

*Do I believe any of this? The year is young, wait and see.

Italy on the Road for CryptoArt Renaissance Amid Massive NFT Growth
CryptoArt News 17 hours ago

Experts have predicted that Italy will create a CryptoArt Renaissance within the NFT sphere. Essentially, drawing on its status as an art and culture mecca with a rich artistic history to sets its sights on a digital art explosion as NFT growth within the country continues.

“According to the Q2 2022 NFT Survey, NFT industry in Italy is expected to grow by 47.6% on an annual basis to reach US$671.4 million in 2022.” Per Data from Italy NFT Market Intelligence and Future Growth Dynamics Databook.

Furthermore, the survey data forecasts Italy’s NFT industry to see steady, upward growth over the next five years.

What’s causing the Italian NFT market growth? Several factors drive NFT growth in Italy. According to the report, mega luxury fashion brands like Gucci and Dolce & Gabbana are pivotal to the industry expansion….