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Monday, 30 January 2023
Visa Launches NFT Program: Digital Art Is Now A New Form Of E-Commerce

Visa Launches NFT Program: Digital Art Is Now A New Form Of E-Commerce

2022-10-29

Digital art has become a hot commodity among collectors and investors in recent years. With the massive growth of the internet, online content is king. And digital art is no exception. Given the global nature of the internet, digital art has become a popular way for artists to sell their work online. So popular, in fact, that the market for digital art has become a $20 billion industry. Although the digital art business is booming, most artists aren’t able to participate. That’s because the global nature of the medium makes it difficult for most artists to get their work noticed by potential buyers. To get around these problems, Visa has created the New Frontier Artists (NFA) program. Through the NFA program, Visa is working with select artists to help them sell their work online. Approved artists will be able to participate in the program for up to $75,000 over the course of three years. Once approved, the artist will be able to sell artwork through Visa’s Visa Checkout platform using NFC tags that can be scanned by a smartphone. Visa has launched the New Frontier Artists program to help artists with their sales and marketing efforts. The program is being rolled out in partnership with Artsadmin, a digital platform that connects buyers and sellers of artwork. Visa is also working with the Artis Ventures team to invest in and help accelerate promising digital art projects.

What is Visa’s New Frontier Artists Program?

Visa has launched the New Frontier Artists (NFA) program to help artists grow their business by solving two problems they often face: Getting their work noticed by potential buyers. Marketing and selling their art online.  The program is being rolled out in partnership with Artsadmin, a digital platform that connects buyers and sellers of artwork.

How Does The Visa New Frontier Artists Program Work?

Through the program, Visa will help select promising artists get the recognition they deserve by offering funding and support throughout the sales process. Once selected, the artist will be able to sell their work online using Visa’s payment platform, Visa Checkout. The artist can choose to use Visa’s standard NFC tags or a bespoke “Visa Vuel” tag that can be programmed with unique information, such as the artist’s name, address and website.

How to Apply for The Visa New Frontier Artists Program

Applicants must be able to demonstrate that they are making lasting contributions to the global art scene and have a solid following among collectors.

 

Requirements To Be a Part of The Visa New Frontier Artists Program

The artist must have an online store where they sell their work. The artist’s work must be of art that is for sale or for rent. The artist must be willing to conduct business through Visa’s standard payment platform, Visa Checkout. The artist must be able to provide proof of identity and financial solvency (such as a signed income tax return or certified financial statement)

Benefits of Being a Part Of The Visa New Frontier Artists Program

The artist will receive funding and support from Visa throughout the sales process.The artist will have access to a global audience through Visa’s network. The artist will have the opportunity to meet and collaborate with other artists and professionals in the industry. The artist will have free access to marketing materials, such as posters and business cards. The artist will have networking opportunities with other artists, collectors, and industry professionals. The artist will be able to participate in live and online events run by Visa.

Is The Visa New Frontier Artists Program For Me?

If you have a unique artistic expression and you’re willing to conduct business through Visa’s payment platform, then this program is for you. The program is only open to artists who can demonstrate that they have a solid following among collectors. Therefore, if you’re just getting started in the art industry, this may not be the best program for you. It’s also not open to emerging artists who have just started to sell their work.

Bottom line

Digital art has become a hot commodity among collectors and investors in recent years. With the massive growth of the internet, online content is king. And digital art is no exception. Given the global nature of the internet, digital art has become a popular way for artists to sell their work online. So popular, in fact, that the market for digital art has become a $20 billion industry. Although the digital art business is booming, most artists aren’t able to participate. That’s because the global nature of the medium makes it difficult for most artists to get their work noticed by potential buyers. To get around these problems, Visa has created the New Frontier Artists program. Through the NFA program, Visa is working with select artists to help them sell their work online. Approved artists will be able to participate in the program for up to $75,000 over the course of three years. Once approved, the artist will be able to sell artwork through Visa’s Visa Checkout platform using NFC tags that can be scanned by a smartphone. Visa has launched the New Frontier Artists program to help artists with their sales and marketing efforts. The program is being rolled out in partnership with Artsadmin, a digital platform that connects buyers and sellers of artwork. Visa is also working with the Artis Ventures team to invest in and help accelerate promising digital art projects.

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