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Building Communities for NFT Success: Insights for Artists

• Building communities is essential in the rapidly changing art world, especially with the rise of NFTs.
• Art market economist and academic Magnus Resch has researched the importance of communities and networks for artists.
• Dr. Resch explains how to build successful communities, tapping into the “Holy Land” network.

The Importance of Building Communities

Building communities has become more crucial than ever in today’s rapidly changing art space, especially with the rise of nonfungible tokens (NFTs). The importance of building a community cannot be underestimated in an art world driven by technology. An audience is a social media following, but a community is a group of people working toward a common goal.

Magnus Resch: Art Market Economist & Academic

Art market economist and academic Magnus Resch has extensively researched the importance of communities and networks for artists. He holds a Ph.D. in economics and has studied at prestigious institutions such as the University of St Gallen, London School of Economics, Harvard, and Yale University where he also lectures on occasion. Furthermore, he has produced several publications about the economics of the art world which have been featured in major publications such as The Wall Street Journal, The New York Times and Vanity Fair.

Resch’s Latest Book

Resch recently released his latest book How to Create & Sell NFTs—A Guide for All Artists which explores how to build meaningful communities for artists while creating & selling NFTs compatible with their artwork.

Community Building Strategies

Dr Resch explains that not all artist’s communities are created equal—in fact only one network leads to success—the “holy land”. He offers key strategies for artists who want to tap into this one successful community: it’s all about making connections! It’s important to remember that being part of this elite group means networking with influential people within it; becoming part of museums or galleries; getting your work seen by high-end collectors; collaborating with other successful artists; and joining online channels or physical events specifically designed to connect these individuals together—all activities that will help elevate you from unknown artist status to global success!

Conclusion

Building meaningful relationships can mean global success for any artist looking to make it big within the art world today so don’t underestimate its power! Make sure you’re connected with museums or galleries; get your work seen by high-end collectors; collaborate with other established artists; join online channels or physical events created specifically for connecting influencers together — these are all great starting points when considering how best to tap into this exclusive ‘Holy Land’ network!