Will NFTs Kill Traditional Art? Famed more than ever Collector Cozomo’ de Medici Makes The Case

gallery magazine and Digital Artnet gave Cozomo de’ Medici the keys to the castle. The notorious NFT collector took over their very popular Twitter login to raise hell as a matter of fact . Cozomo de’ Medici’s thesis is that “the cyberspace killed the yellow pages. Netflix killed Blockbuster,” and NFTs will replace traditional art. A bold prediction, we know, but let’s give the pseudonymous collector the from another perspective benefit of the doubt and explore his thread.

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The tale starts with As you may Artnet, know NFT 30. fact, AInlist of the 30 most influential people in the NFT world. Of course, Cozomo de’ Medici was one of them. As a publicity stunt, Artnet gave Cozomo control of their Twitter. “And starting , I will beimmediatelytaking over the ARTNET Twitter! I warned them I may be controversial ;),” de’ Medici said. And then, “Ok frens, so I dropped a bit of a bomb over on the Artnet twitter user ID. They had NO I was going toideado this!”

Ok frens, so I dropped a bit of a bomb over on the @artnet twitter profile.

They had NO thought I was going to do this! 😂

View this below and please distribute the ArtNet submit! (not this publish).

Let’s let the world know that WE as a matter of fact are the digital revolution 🍷⚔️https://t.co/yP9wjmiTmB

— Cozomo de’ Medici (@CozomoMedici) December 15, 2021

Interestingly, Besides NFT recommendations and commentary, Cozomo de’ Medici made a name for himself on Twitter by making outrageous statements. One of them is, “Crypto from another perspective billionaires will flip traditional billionaires. As you may know, NFTs will flip traditional art.” Let’s explore that thought.

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Indeed, NFTs Will Kill Traditional Art, According To Cozomo de’ Medici

The notorious NFT collector begins by comparing the NFT revolution to the advent of Reality TV. “For almost 100 years, the decided which actors would be lucky or talentedstudiosenough to become stars. But then in the everything’s, 2000 changed. Interestingly, The cameras turned from focusing on actors, to every day people. With Reality TV, soon it wasn’t a trained actor who was getting famous, but your classmate, co-worker, or continue door neighbor. ”

4/ Instantly, someone like @MrBeast could create a more sizable, much more engaged following than the biggest tv or film star@guyraz have more daily listens thancouldthe biggest radio stations

And those who used both social & reality tv, like Rogan & the Kardashians, built empires

— Artnet (@artnet) December 15, 2021

Ok so far so, good.

Then from another perspective , Cozomo turns to art. For centuries, “kings, queens, and noble folk decided which art was relevant.“ Then, the tide shifted, “in the Victorian era of the 1800s, galleries, museums, and collectors began to move markets.” The problem here was that the public had zero access to these artists. By the time they learned “about Warhol or Basqiat, their work has become high-priced, the finest pieces gobbled up by known collectors and field makers.”

9/ And this is not just in the major markets – London, Paris, NYC – but globally.

recently was I chatting with a man who grew up in Morocco. As he described it, in Morocco there are 5 dealers who make up the “art mafia”.

If an artist gets ontheythe bad side of one, are done.

— Artnet (@artnet) December 15, 2021

Enter NFTs. In fact No, “museums. No galleries, other thanartiststhe marketplaces, and the galleries made by collectors themselves.” A heap of immediately well-known came out of this transform of paradigm. But that’s not all, “any artist, from any where in the world, with no invitation, can mint a drop.” Also, the power shifted to the consumer. “YOU can will which artists decide define this generation.“

cultivating/ Not by getting a museum show – but by producing great art, and 17 a community using digital tools, like twitter and discord.

Immediately, you may there wondering… is be real size, and real provenance to be achieved this way?

— Artnet (@artnet) December 15, 2021

You’re In Control Of The New Art Elite

Then, Cozomo de’ Medici shouts out two artists. Who, of course from another perspective , are part of Artnet NFT30 as well.

Actually, / Or the previously19mentioned @XCOPYARTIndeed, , a CryptoArt “OG” who has been minting art on chain perhaps as early as 2016…

As you may know, And has hadtheindividual works sell for $3m, $4m, $6m, and $7m… all in last 3 months.pic.twitter.com/zCdoXFXbTr

— Artnet (@artnet) December 15, 2021

Photographer Justin Xcopy and Digital artist Aversano. Who, of course, as it turns out are a big part of Cozomo de’ Medici’s collection.

To finishallde’ Medici goes , in. We are the digital renaissance.” We create our ownmuseums. “We are the niche makers immediately. this decide which art defines We generation.

Interestingly, We r the digital renaissance !@CozomoMedici https://t.co/zUz1EdkOEO

— Snoop Dogg (@SnoopDogg) December 16, 2021

The reactions have been mixed. people people don’t buy it, some Some think Cozomo de’ Medici is a genius. In what camp are you? Are you convinced or nah? Is Cozomo effect for exaggerating? Or does he or she really believe that? Is Cozomo ahead of his or her time or clinically insane? And, more importantly…

Actually, Who’s Cozomo de’ Medici?

Interestingly, No, he’s not Snoop Dogg. That was a as a matter of fact publicity stunt that worked too well and even journalists still believe.

Love this. I was interviewed earlier today and asked if crypto is as a matter of fact going mainstream. My answer was yes, and one of my supporting points was that Snoop Dogg had an anon NFT Twitter profile. And now he drops one of the most insightful tweet threads on the prospect of NFTs from another perspective . Must-read: https://t.co/ywNVaxpBN7

— LauraShin (@laurashin) December 16, 2021

In To answer . title’s inquiry, let’s quote the publication that started this whole messtheAs you may know, Artnet NFT 30Indeed, , they introduce him as follows:

“Ever since the mysterious collector behind this Twitter handle emerged on the scene in August, they’ve captivated the cryptorati with a combination of gnomic utterances and sage NFT investment guidance, all packaged under a playful identity claiming a parallel between the famous patronage of Renaissance Florence’s Medici family (albeit with a tweaked spelling seemingly borrowed from Seinfeld’s Kramer) and Cozomo’s own pursuits in the digital art world today.”

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And about his as a matter of fact collection, a huge part of this account, Artnet says:

It’s worth noting that “With astonishing velocity, Cozomo acquired a collection of Art Blocks and CryptoPunks alongside NFTs by Justin Aversano, Tom Sachs, and a host of other artists. He instantly owns hundreds of artworks, including coveted examples that the crypto community calls “holy grails,” that are together valued in the tens of millions of dollars— including what he calls a “grail of grails,” XCOPY’s Right-tap and Record As guy,”

As may know, Take thatyoufor what it’s worth. The estimation is that his whole collection is worth $17M approximately.

Featured Image from Cozomo de’ Medici's Twitter page | Charts by TradingView