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Saudi Arabia has just concluded its first Digital Art Forum, which brought together art enthusiasts in the Jax district of Riyadh. The event, which took place from February 25 to 27, was organized by Sotheby’s and the Visual Arts Commission of the Kingdom, a department of the Ministry of Culture, as part of the Diriyah Biennial of Contemporary Art.

However, what makes this forum unique is that it is the first in Saudi Arabia to feature “non-fungible tokens”, or NFTs for short. An NFT is a media file that is sold to a single owner, which can be an image, video, or sound, and can often be priced based on rarity. They are hosted via the blockchain and can also be traded with new owners.

For this event, 10 NFTs were presented, including the very popular Bored Ape Yacht Club collection from Yuga Labs LLC. Also, Saudi talents such as Ahaad Al-Amoudi showcased their NFTs including “The Mirage”. This short NFT video features a dog running, a man riding a horse, and the sound of an Arab man talking on repeat.

“Dogs, the more they love you, the more they will run for you on race day. It’s about relationships, it’s not just about training,” Al-Amoudi commented on his NFT.

The first Digital Art Forum featured panel discussions and workshops where prominent artists from the NFT scenes, curators and collectors came together to discuss digital art, blockchains and NFTs. Additionally, attendees had the option to buy NFTs through platforms like OpenSea.

Sebastian Fahey, Sotheby’s Managing Director for Europe, Middle East and Africa (EMEA), shared his thoughts on the forum’s decision to feature NFTs.

“Essentially, this is another opportunity for us to serve our customers, provide them with what they want and introduce them to exciting new areas of collection,” he said. Gulf News in a recent article.

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