13/07/2025
Charlotte in red was represented by its founder Patrizia Luchetta at a thought-provoking panel organized during the Montenegro Game Changer Festival (July 3–5, Tivat).
The panelists explored the timely question of how art is monetized in the tech era? Do we need to rethink value, ownership, and cultural capital in the wake of NFTs, AI, and other emerging technologies
Artists face a complex landscape:
- Pricing challenges and value perception
- Limited exposure and audience reach
- Gaps in business and technical skills
- Financial instability and emotional hurdles
Success more often than not demands not just creative talent, but also resilience, adaptability, and a willingness to embrace new skills and strategies.
In a nutshell, funding and monetization in the creative industries remain challenging. And requires navigating a diverse spectrum of patrons, investors, and philanthropists is essential.
Access to public funding also varies widely: in the EU, support often favors larger, established organizations due to administrative demands, while in other regions - as highlighted by George Gachara from Kenya -, public funding is scarce and private initiatives are crucial.
New technologies can potentially offer fresh revenue streams but as pointed out, art still needs ongoing promotion and PR. And new digital tools like NFTs require proper testing over time.
So should artists also become business strategists to ensure sustainable income, or focus solely on their art?
One of the panel's main takeaways: There’s no one-size-fits-all solution.
➡️ Some artists are risk-takers; others seek security.
➡️ Some thrive managing the business side; others need support structures.
➡️ Financial sustainability is important, but more often than not the journey begins (should begin) with experimenting.
And we need to make sure that we created the needed environment for this experimenting to unfold.