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“# NFT sales boom, but ownership is highly concentrated ” Trading volumes across various verticals of nonfungible tokens (NFTs) have been on a tear this year. Combined sales for collectible and art NFTs have reached $7.4 billion as of Q4 2021. The art NFT market has grown from $17.8 million on January 1 to $1.8…
“# 1.2M users flock to NFT Pirate Bay for artwork archive ” An Australian software developer has created an online repository of non-fungible tokens (NFTs) called the “The NFT Bay”. The repository includes JPEG versions of the NFTS, not the blockchain-secured token itself. Adelaide resident Geoffrey Huntley launched The NFT Bay 10 hours ago containing…
“#Inside Macklowe divorce that led to Sotheby’s biggest auction” It was a divorce for the history books. The split of real-estate billionaire Harry Macklowe and his ex-wife Linda led to the richest night of art sales in Sotheby’s history on Monday, in a court-ordered auction to divide their assets. When the final hammer came down,…
“# Royal House of Savoy NFTs to debut on the 150th anniversary of the Unification of Italy ” Multimedia film director and artist Yi Zhou is set to mint the first-ever royal nonfungible tokens, or NFTs, based on the story of Italy’s House of Savoy. The digital works are made in collaboration with the House…
“#The one photo subject who shocked legendary street artist JR” Kevin Walsh, a maximum-security prison inmate with a swastika tattoo covering the middle of his left cheek, caused the street artist known as JR to stop in his tracks. Considering that the 38-year-old’s work often features unusual faces, that’s saying something. The encounter took place…
“# Sotheby’s will take ETH bids in real time for Banksy auction ” Prestigious auction house Sotheby’s has announced it will accept Ethereum (ETH) bids in real time for its Nov. 18 auction that includes works by famed street artist Banksy. Sotheby’s claims this will be the first time an auction house has accepted crypto…
“# ‘Invisible Aether’: World’s largest museum launches NFT art exhibition ” The Russian State Hermitage Museum continues diving in the nonfungible tokens (NFTs) industry by debuting its first fully-virtual exhibition of digital art. Shortly after raising over $400,000 via its first NFT auction on Binance in September, the Hermitage is now hosting a free exhibition…
“#Radiohead share trailer for Kid A Mnesia Exhibition” The “upside-down digital/analog universe” will be free to download for Playstation 5, Mac, and PC starting next Thursday. Radiohead released new details about its upcoming Kid A Mnesia Exhibition today and shared a trailer. The exhibition will accompany the Kid A Mnesia album, a 21st-anniversary reissue of…
“# Beeple’s Discord compromised, timed to coincide with Christie’s auction ” An admin account for Beeple’s official Discord group was compromised overnight resulting in a fake NFT drop that saw users lose an estimated 38 ETH. An admin from Beeple’s Discord named “Multi” confirmed to the group on Nov. 10 that their account had been…
“# Beyond the NFT hype: Creating lasting business models for artists ” It could be argued that nonfungible tokens, or NFTs, have been a concept since 2012. For instance, the inception of “Colored Coins” in 2012 may have laid the groundwork for NFTs today, as this project demonstrated how the Bitcoin (BTC) blockchain could be…