Digital journal and gallery Artnet gave Cozomo de’ Medici the keys to the fortress. The infamous NFT collector took over their highly regarded Twitter account to lift hell. Cozomo de’ Medici’s thesis is that “the web killed the phone book. Netflix killed Blockbuster,” and NFTs will substitute conventional artwork. A daring prediction, we all know, however let’s give the pseudonymous collector the good thing about the doubt and discover his thread.
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The story begins with Artnet NFT 30. A listing of the 30 most influential individuals within the NFT world. In fact, Cozomo de’ Medici was one among them. As a publicity stunt, Artnet gave Cozomo management of their Twitter. “And beginning now, I can be taking on the ARTNET Twitter! I warned them I could also be controversial ;),” de’ Medici said. After which, “Okay frens, so I dropped a little bit of a bomb over on the Artnet twitter account. That they had NO thought I used to be going to do that!”
Okay frens, so I dropped a little bit of a bomb over on the @artnet twitter account.
That they had NO thought I used to be going to do that! 😂
Learn this beneath and please share the ArtNet submit! (not this submit).
Let’s let the world know that WE are the digital revolution 🍷⚔️https://t.co/yP9wjmiTmB
— Cozomo de’ Medici (@CozomoMedici) December 15, 2021
Moreover NFT suggestions and commentary, Cozomo de’ Medici made a reputation for himself on Twitter by making outrageous statements. Considered one of them is, “Crypto billionaires will flip conventional billionaires. NFTs will flip conventional artwork.” Let’s discover that concept.
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NFTs Will Kill Conventional Artwork, In accordance To Cozomo de’ Medici
The infamous NFT collector begins by evaluating the NFT revolution to the appearance of Actuality TV. “For nearly 100 years, the studios determined which actors can be fortunate or proficient sufficient to turn into stars. However then within the 2000’s, all the pieces modified. The cameras turned from specializing in actors, to each day individuals. With Actuality TV, quickly it wasn’t a skilled actor who was getting well-known, however your classmate, co-worker, or subsequent door neighbor. ”
4/ Now, somebody like @MrBeast might construct a extra sizable, way more engaged following than the most important television or movie star@guyraz might have extra every day listens than the most important radio stations
And those that used each social & actuality television, like Rogan & the Kardashians, constructed empires
— Artnet (@artnet) December 15, 2021
Okay, to this point so good.
Then, Cozomo turns to artwork. For hundreds of years, “kings, queens, and noble people determined which artwork was related.“ Then, the tide shifted, “within the Victorian period of the 1800s, galleries, museums, and collectors started to maneuver markets.” The issue right here was that the general public had zero entry to those artists. By the point they realized “about Warhol or Basqiat, their work has turn into costly, the most effective items devoured up by identified collectors and market makers.”
9/ And this isn’t simply within the main markets – London, Paris, NYC – however globally.
I used to be just lately chatting with a person who grew up in Morocco. As he described it, in Morocco there are 5 sellers who make up the “artwork mafia”.
If an artist will get on the unhealthy facet of 1, they’re achieved.
— Artnet (@artnet) December 15, 2021
Enter NFTs. “No museums. No galleries, apart from the marketplaces, and the galleries made by collectors themselves.” A heap of now well-known artists got here out of this transformation of paradigm. However that’s not all, “any artist, from any the place on the earth, with no invitation, can mint a drop.” Additionally, the facility shifted to the buyer. “YOU can resolve which artists will outline this era.“
17/ Not by getting a museum present – however by producing nice artwork, and cultivating a neighborhood utilizing digital instruments, like twitter and discord.
Now, you could be questioning… is there actual dimension, and actual provenance to be achieved this manner?
— Artnet (@artnet) December 15, 2021
You’re In Management Of The New Artwork Elite
Then, Cozomo de’ Medici shouts out two artists. Who, in fact, are a part of Artnet NFT 30 as properly.
19/ Or the beforehand talked about @XCOPYART, a CryptoArt “OG” who has been minting artwork on chain maybe as early as 2016…
And has had particular person works promote for $3m, $4m, $6m, and $7m… all within the final 3 months. pic.twitter.com/zCdoXFXbTr
— Artnet (@artnet) December 15, 2021
Photographer Justin Aversano and Digital artist Xcopy. Who, in fact, are a giant a part of Cozomo de’ Medici’s assortment.
To complete, de’ Medici goes all in. “We’re the market makers now. We create our personal museums. We resolve which artwork defines this era. We’re the digital renaissance.”
We r the digital renaissance ! @CozomoMedici https://t.co/zUz1EdkOEO
— Snoop Dogg (@SnoopDogg) December 16, 2021
The reactions have been blended. Some individuals don’t purchase it, some individuals suppose Cozomo de’ Medici is a genius. In what camp are you? Are you satisfied or nah? Is Cozomo exaggerating for impact? Or does she or he actually imagine that? Is Cozomo forward of his or her time or clinically insane? And, extra importantly…
Who’s Cozomo de’ Medici?
No, he’s not Snoop Dogg. That was a publicity stunt that labored too properly and even journalists nonetheless imagine.
Love this. I used to be interviewed earlier in the present day and requested if crypto goes mainstream. My reply was sure, and one among my supporting factors was that Snoop Dogg had an anon NFT Twitter account. And now he drops one of the insightful tweet threads on the way forward for NFTs. Should-read: https://t.co/ywNVaxpBN7
— Laura Shin (@laurashin) December 16, 2021
To reply the title’s query, let’s quote the publication that began this complete mess. In Artnet NFT 30, they introduce him as follows:
“Ever because the mysterious collector behind this Twitter deal with emerged on the scene in August, they’ve captivated the cryptorati with a mix of gnomic utterances and sage NFT funding recommendation, all packaged beneath a playful id claiming a parallel between the well-known patronage of Renaissance Florence’s Medici household (albeit with a tweaked spelling seemingly borrowed from Seinfeld’s Kramer) and Cozomo’s personal pursuits within the digital artwork world in the present day.”
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And about his assortment, an enormous a part of this story, Artnet says:
“With astonishing velocity, Cozomo acquired a group of Artwork Blocks and CryptoPunks alongside NFTs by Justin Aversano, Tom Sachs, and a bunch of different artists. He now owns a whole lot of artworks, together with coveted examples that the crypto neighborhood calls “holy grails,” which can be collectively valued within the tens of thousands and thousands of {dollars}— together with what he calls a “grail of grails,” XCOPY’s Proper-click and Save As man,”
The estimation is that his complete assortment is value $17M roughly. Take that for what it’s value.
Featured Picture from Cozomo de’ Medici's Twitter web page | Charts by TradingView