Justin Sun calls NFT art for our generation

The creator of TRON DAO said that metaverse-based galleries would compete with traditional museums, and spoke about Alberto Giacometti’s sculpture, the crown jewel of his collection.

Justin Sun in 2021. Photo by Piskev91, CC BY-SA 4.0, via Wikimedia Commons.

Justin Sun spoke to Sotheby’s auction house about his art collection and offered his take on NFT art, calling it “the art of our generation.”

Investing in NFTs is not just about “winning or losing the game,” he added, but offers a chance to “become a part of history.” Sun rejected the popular opinion that the NFT boom is a “bubble,” but between the lines, he admitted that the space is not yet fully mature. “NFT art will evolve and carry profound meaning, just like physical art,” he said.

“In the future, the majority of art will be completely online,” Sun said, noting that metaverse-based NFT galleries will compete with traditional museums thanks to their constant availability and game-like experience. Sun’s own collection, which includes art by FEWOCiOUS, Huobi, and MetaOpus, is on display in Decentraland.

Sun's many rays

TRON DAO founder’s interest in fine arts became evident in November 2021, when he acquired Alberto Giacometti’s Le Nez for $78.4 million at Sotheby’s sale of the Macklowe Collection. In the interview with Sotheby’s, Justin Sun said that NFT art on par with Giacometti’s already exists, although he did not specify which artists he regards in this way.

Soon after acquiring Le Nez, Sun became Grenada’s Ambassador and Permanent Representative to the World Trade Organization, and announced he was planning a space trip.

In April 2022, Sun unveiled TRON’s algorithmic stablecoin, USDD, which began trading in early May. At first, it was denounced as a copy of Terra’s UST, but while Terra collapsed, USDD has maintained its peg and expanded supply to over 500 million. At the time of writing, less than a month after launch, Justin Sun’s stablecoin ranks #89 on CoinMarketCap and #103 on CoinGecko.