Tezos starts fund to support African and Asian artists 

The Tezos Foundation (XTZ/USD) has invested $1.23 million in a fund to collect non-fungible tokens (NFTs) created by African and Asian artists, Invezz learned from a press release. Photographer Misan Harriman was chosen to curate the permanent art collection.

Giving underrepresented artists exposure

Tezos Foundation, a Swiss NPO, will use the funds to support pioneering artists from Africa and Asia. Harriman is not only a renowned photographer, but also an expert in making and collecting NFTs. In addition, he chairs Southbank Centre, London’s complex of artistic venues.

Harriman intends to place an emphasis on acquiring the works of artists from regions that are underrepresented in the NFT community, like Asia and Africa. He commented:

NFTs transcend borders in the art world

Blockchain technology supporters believe NFTs have the power to break down barriers in the art world while critics of NFTs express concerns over their volatility and that of cryptocurrencies in general.

Hurdles remain, but they cannot halt the advent of the industry according to Tezos Foundation, an arm of the Tezos ecosystem and blockchain. Tezos cofounder and early architect Arthur Breitman talked about how the collection drew attention to up-and-coming Web3 artists. He said: