Saudi Arabia Princess on NFTs: ‘They Are the Next Medium of Artistic Expression’

As per Saudi Princess Reem Al Faisal, non-fungible tokens (NFTs) are a new medium of artistic expression that gives artists the freedom and ability to reach a diverse audience.

Decentralized Art

NFTs, according to Reem Al Faisal, a Saudi Arabian princess, are a natural evolution of art that allows artists to reach out to people of different races, cultures, and places. Al Faisal also says that NFTs have “decentralized art,” similar to what decentralized finance (defi) has done for money.

Following recent reports that she had launched her first NFT as well as the first virtual exposition of Saudi NFTs, the Saudi princess made comments about artists’ adoption or growing use of NFTs. Al Faisal, a photographer for over 30 years, had already sold her art on the NFT marketplace, Opensea, prior to the launch of the NFTs.
The Saudi princess stated surprise at the lack of knowledge of NFTs as a new form of showing art in reaction to her own NFT launch. She said, “

People make a big deal about it [NFTs], but I’m not sure why they’re so surprised that people, specifically artists and photographers, join NFTs. It’s the next step in evolution of artistic expression.

Given their role in empowering artists, critics have charged NFTs of being used to launder money. The Royal United Services Institute (RUSI), a British security and defence think tank, appeared to back up the claims when it warned that NFTs may be used to bolster money laundering schemes.

However, in an exclusive interview with Bitcoin.com News, Al Faisal remains unfazed, saying that she will continue to stay up with changing trends.
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