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“# Russian State Hermitage raises $440K via Binance NFT auction ” Despite the Russian state maintaining a mostly unfriendly stance on cryptocurrencies like Bitcoin (BTC), a major state-backed museum is benefiting from the industry by raising hundreds of thousands of dollars with nonfungible tokens, or NFTs. The Russian State Hermitage Museum, the largest museum in…
“# NFT whale ‘Pranksy’ pranked by fake Banksy for 97.7 ETH ” Nonfungible token collector Pransky was duped out of 97.67 Ether, worth $341,500, after the website of popular artist Banksy was hijacked to promote a fake NFT auction. However, almost all of the money has since been refunded. On Aug. 31, Pransky spotted a…
“# Three Arrows Capital execs launch NFT fund ” Executives hailing from Singapore-based fund manager, Three Arrows Capital (3AC), have launched a fund focused on collecting premium digital art in the form of nonfungible tokens (NFTs). The fund, dubbed Starry Night Capital, was founded by Three Arrows Capital’s CEO, Su Zhu, 3AC co-founder, Kyle Davies,…
“# Visa whitepaper describes NFTs as a ‘promising medium for fan engagement’ ” Visa’s splash into the NFT market was driven by an evaluation of the underlying technology and its ability to serve as a “promising medium for fan engagement,” according to a recent whitepaper published by the global payments giant. The Aug. 23 publication…
“# Nifty News: Kobe Bryant NFTs, tokenized baseball stadiums, and more… ” The return of Fame Lady Squad The Fame Lady Squad (FLS), a nonfungible token (NFT) avatar project purporting to have been created by an all-female team, is set to re-launch today with a new team after it was uncovered that three Russian men…
“# Minting, distributing and selling NFTs must involve copyright law ” Everyone is wild about nonfungible tokens (NFTs). The first half of 2021 alone saw NFTs from Andy Warhol, NFTs of the code for the World Wide Web, the first-ever Tweet and, of course, the famous $69 million NFT sale of Beeple’s “Everydays.” Whether this…
“#Jewish Museum exhibit shows art looted during World War II” Matisses, Picassos, Cézannes. Nazi forces plundered scores of artistic treasures — and took an unfathomable number of human lives — during World War II and the Holocaust. Works of art went on improbable paths before, during and after the war, withstanding harrowing conditions. They wound…
“#Banksy confirms new artwork series in British coastal towns” The world’s most affluent street artist is back. Banksy took ownership of a number of new works that have appeared along the coast of England this summer. Banksy made the reveal in a roughly 3-minute Instagram video titled “A Great British Spraycation.” In the clip, the…
“#Sotheby’s sues art dealer over alleged fake Diego Giacometti works” They claimed to be peddling works from a famed Swiss sculptor — but their story had more holes than a slice of cheese, a lawsuit claims. The Sotheby’s auction house is demanding a Florida art seller and his wife pay back $7 million after it…
“# OpenSea trading volume explodes 76,240% YTD amid NFT boom ” Trading volumes on peer-to-peer nonfungible token (NFT) marketplace OpenSea have surged by over 12,000% in 2021. DappRadar data shows that the total incoming value to OpenSea’s smart contracts increased to $56.07 million on Wednesday compared to $73,556 on Jan. 1. Meanwhile, the marketplace’s user…