NFT collapse and monster egos feature in new Murakami exhibition – Cointelegraph Magazine

Even if you aren’t personally familiar with famed Japanese contemporary artist Takashi Murakami, you have surely seen his work.

The pop artist’s brightly colored signature characters have appeared on everything from limited edition Louis Vuitton bags to Supreme shirts to Vans skateboarding shoes.

Having collaborated with celebrities like Drake, Kanye West and Billie Eilish, and institutions such as the Museum of Modern Art and Gagosian, Murakami is, without a doubt, one of the biggest “conventional” artists to try their hand at making nonfungible tokens (NFTs). Despite this, his projects still haven’t blown up to the extent of other prominent contemporary artists like Beeple.

Louis Vuitton x Takashi Murakami 2000s pre-owned monogram panda jewelry case selling for an eye-popping $37,000 (Farfetch)

Many are convinced that is set to change, claiming Murakami’s flowers are well on their way to becoming as iconic as CryptoPunks and Bored Apes. After a hotly anticipated but ultimately disappointing NFT launch that coincided with the 2022 crypto collapse, the artist is finally having another go at the medium. A new exhibit at San Francisco’s Asian Art Museum shows how Murakami creates original tokens from scratch.

High art and low art

While many take Murakami’s flowers at face value, there is more to them than meets the eye. Inspired by the postwar Japan in which he grew up, these deceptively jolly icons critique the perversion and violence that underscore the country’s otaku and kawaii subcultures.

The stylized imagery of these cultures is becoming increasingly popular in western countries thanks to the export of Japanese manga, anime and video games, and Murakami — taking a page out of Andy Warhol’s book — exposes the commercialization of these mediums by way of embracing and even exploiting them. His studio isn’t so much a studio as it is a full-fledged factory, operated by 25 assistants who help him satisfy the demand for his personal brand.



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