According to Odaily Planet Daily, former Goldman Sachs executive Raoul Pal said that crypto art is the most attractive investment area in the next 10 years. Crypto wealth and currency depreciation will drive demand for digital art.
The younger generation is more interested in digital assets than physical assets. Pal believes that BTC is like Manhattan real estate, while crypto art is the most scarce block space. Crypto art has low long-term storage costs and can be used as collateral.
Crypto art is tokenizing culture and communities, and Web3 makes this possible. A small number of crypto artists already have lasting value, and more artists are expected to gain long-term value in the future.
Most high-quality digital artworks are priced in ETH and outperform ETH. The crypto art world is made up of artists, collectors, and patrons, creating new asset classes and artistic mediums.
