With five new NFT art pieces on auction, renowned contemporary painter Paresh Maity has entered the NFT space, March 4, Friday.
Three of Paresh Maity’s pieces are physical paintings with corresponding non-fungible tokens (NFTs). Each pair costs USD 110,000.
The auctioned artworks include the “Wedding Bell” (2013), a seven-feet oil on canvas. Another one is “A Morning” (2006), a 72×72 inch masterpiece. There’s also the “The Perpetual Galore” (2021), a 7.5’ x 4.5’ oil-and-acrylic on canvas.
Meanwhile, the remaining two assets are purely NFTs, valued at USD 5,000 each. They will reveal these NFT-only assets at the auction.
Maity’s kaleidoscopic art appears to jive well with the metaverse
“In the digital world, I find that young people respond more to animation and GIFs. It requires a different aesthetic and a different creative process. I have done a lot of joyful abstract and surreal works in the span of my career. With NFT, I think it will be challenging to explore these visuals further,” says Maity.
Interested takers may take part in the auction at the WazirX NFT Marketplace. Gallery Art Exposure, an art curator based in Kolkata, is holding the said auction.
“We are beyond thrilled to announce the launch of Paresh Maity’s NFTs on our platform. While the NFT market has taken the world by storm, renowned traditional artists have mostly been left out of the frame. We are glad that WazirX NFT marketplace is bridging the gap between traditional art and NFT,” said Vishakha Singh, Vice President of WazirX.
Both Maity and Singh hope to inspire traditional artists to dive into NFTs and blockchain. Lately, the contemporary Indian art market has finally caught up with the crypto craze.
To Paresh Maity, selling art through NFTs is the future
“It’s obvious that the art of the future will be on the screen, not on the wall—though I guess both mediums will survive and complement each other in some way,” insists Maity.
Maity also dreams of reaching a new audience. This includes newer NFT collectors who aren’t necessarily into conventional and tangible art.
The 57-year-old artist is recognized as the creative genius behind “The Indian Odyssey.” At 850-feet long, it’s considered one of the longest paintings in India.