The nonfungible token (NFT) art industry has developed into a “beautiful cycle” thanks to the connection artists have with their fans, according to artist Danielle Weber who spoke at the Australia Blockchain Week conference.

Weber spoke on a Wednesday panel titled “Pushing the boundaries of NFT utility and art — Homegrown spotlight,”Discussion of the Benefits of the ecosystem with nonfungible tokensIt brings artists and their fans closer. This closeness has mutual benefits for fans and artists, she stated.