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“# The future of art? World-famous artists delve into NFTs ” For millennia, the world of art has remained unchanged for the most part. The tradition has always revolved around artists selling their work to museums, galleries, or individual collectors. In return, the artist would get a market value for their work which was often…
“# Nonfungible tokens from a legal perspective ” A nonfungible token (NFT) can be both a representation of a physical or digital asset that only exists on the internet — a programmable piece of art. It provides ownership of an underlying asset, like a painting, and it can also represent a digital asset in the…
“# Damien Hirst’s ‘Currency’ NFT drop more than 6X oversubscribed ” Leading contemporary artist Damien Hirst’s NFT drop dubbed “The Currency” has been oversubscribed by more than six times. The Currency drop consists of 10,000 unique colorful dot pattern artworks with a corresponding NFT for each piece. Applications for the NFT drop closed on July…
“#Louvre plans to sue Pornhub over X-rated art theft” They didn’t Louvre this idea. Museums might be filled with NSFW artworks, but that doesn’t mean they want them porno-fied without permission. Online skin bazaar Pornhub is facing legal action from the Louvre and other institutions over a steamy new interactive website in which porn stars…
“# Chinese artist showcases NFT real estate at Alibaba-sponsored innovation festival ” This year’s Taobao Maker Festival — an annual event celebrating Chinese art and entrepreneurship hosted by the Alibaba-owned e-commerce platform Taobao — will showcase nonfungible tokens (NFTs) for the first time. This year’s event will see decentralized application platform Near Protocol team up…
“# Cointelegraph Exclusive: Artist Damien Hirst says NFTs are like ‘the invention of paper’ ” Damien Hirst, a contemporary artist known around the world, talked about similarities and differences between artwork and fiat currency as he prepared to drop 10,000 NFTs tied to his physical paintings. Speaking with Cointelegraph’s Andrew Thurman at his London studio…
“# Master-pieces: Swiss bank issuing NFT shares in Picasso painting for $6K each ” Digital asset-focused Swiss Bank, Sygnum, has teamed up with art investment firm Artemundi to offer fractionalized ownership shares in a Pablo Picasso painting for $6,000 each. Shares representing ownership over $3.68 million Picasso painting, “Fillette au béret,” will be tokenized and…
“#How this ‘Fun House’ became the eye candy eyesore of Queens” What do 40 inflatable flamingos, a skeleton in a lawn chair and a human-sized T-Rex have in common? They’re all on the lawn of the “Fun House,” in Bayside, Queens, which has become the eye candy (or eyesore, depending on your tolerance for kitsch)…
“# Haute Couture goes NFT: Digitalization at the Paris Fashion Week ” For luxury brands, usual business and marketing practices work upside down. While other businesses aim to scale, optimize and become accessible — luxury brands are supposed to be a cold and beautiful dream, causing admiration and (rarely fulfilled) desires of ownership. Building a…
“# Nifty News: Amex and SZA sell out debut drop, Asics launches tokenized footwear, Space Jam gets looney for NFTs ” American Express (Amex) has teamed up with popular neo-soul singer and songwriter, SZA, to enter the NFT market. The duo partnered to drop a set of 14 one-of-one edition NFTs, dubbed “Amex Unstaged x…