NFT and Digital Art: Ukrainian Experience of Using Cryptoart

Digital developments continue to change our culture, relationships, and ways of doing business. The world of virtual assets does not stand still. Following the creation of thousands of cryptocurrencies that exist only in the form of a digital record, the virtual market began to gradually evolve in a cultural direction. The mutual influence of art and technology is emphasized. Approaches to the use of the concept of cryptoart are analyzed, and the features of this artistic phenomenon are determined. The question regarding the formation of the value of cryptoart is outlined. The problems of the impact of cryptocurrency and NFTs are gaining significant importance for the formation of perspectives and trends in the development of modern culture and art. To date, this issue is in the field of view of researchers, and the main patterns of development of the NFT market and its influence on art require further study. Examples of Ukrainian cultural and artistic projects using NFT technologies, which have financial, cultural, technological, and social significance in the conditions of war in Ukraine, are presented.