Although creating an art experience by focusing on the digital space has become quite a popular definition and activity, concepts such as AR, VR, and metaverse seem to have faded quite quickly as victims of branding. But real technology and experience is on the invisible side of the iceberg.

The most essential phenomenon for building a creative economy is having a community. Community economies have been built collectively throughout human history and have led to the separation of ownership concepts. Community economies have been established, sometimes between states, sometimes between individuals, and sometimes between companies. The main motivation and purpose behind the creation of these economies is to create a culture of building sustainable financial systems together. Investment partnerships and cooperatives can be examples of this. So much so that, with the development of blockchain, these economic structures have become decentralized through codes and have created a more accessible and democratic financial area for everyone by destroying the bureaucratic procedures involved. The decentralized autonomous organizations (DAOs) established within the possibilities of blockchain are the first steps in the governance of these community economies.

In the last century, the science of art history and museology has developed rather shallow approaches to property ownership and museology and has closed itself to innovations. In the classical sense, museology exhibits an understanding that is disconnected from society, allowing only the collection, preservation and exhibition of works. After this understanding, which lasted until the 1950s, contemporary museology, which aims to bring the works together with the audience rather than exhibiting them, has developed new exhibition and expression methods and laid its foundations at the beginning of the second half of the 20th century. it has also experienced different and important breaks up to the present day.

Culture; In its most general definition, it is a general name given to all kinds of values created in the historical and social process. It can be said that all of the beings created by the thought and consensus of a society. Into these assets and values; management styles, economic structures, educational processes and the most concrete example, art.

In my article last month, I talked about what NFTs are and what types there are, and the future of joint art investments on blockchain. At this point, which has been reached in a month, it would not be wrong to say that the wind of NFT has changed, even though it seems like it is over. Now, instead of collections of 10 thousand pieces that are randomly created with layers, the wind of NFTs, which are works of art and 1/1 original work without an edition, is about to begin. The rapid changes within the blockchain show us different areas regarding their usage patterns as well as the rise of NFTs. For example, a few months ago, a cryptoPunk owner borrowed from a decentralized finance protocol by collateralizing his Punk NFT. Except in rare cases in the real world, it is very difficult to get bank financing by collateral for a work of art. However, in cases of foreclosure, works of art are deducted from the debt by appraising them as a result of the appraisal. In other words, the bank institution does not instantly turn your artworks into cash and pay you, or there is no such loan model. Even if they do have such a service, it's done with a ton of procedural paperwork and at a price well below its true value. But the blockchain has brought a very simple solution to this issue. If the NFT owner cannot repay the loan, the NFT will pass to the borrower.

Born in Kiev in 1878, Malevich spends his life among very turbulent years for the world. There is no harm in saying that the main source of the geometric forms in his art is the intellectual manifestation of the years he spent among these turbulences. The October Revolution, which took place on October 17, 1905, meant a change not only in the political climate but also in the art atmosphere. Post-revolutionary paintings contained compositions that told stories of great heroism and praised the revolution. After this atmosphere, the turbulent years were followed by the 1st World War and there were significant developments in the field of art while the 1st World War continued.

Covid, which affected the whole world, caused radical changes not only in the markets but also in the world. Changes have had an impact in many areas, and areas such as finance, culture and art have gained rapid momentum in digitalization. These changes have brought NFTs within the blockchain, which have a common cluster in the fields of art, finance and technology.