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“# NFTs ‘ten times better’ than traditional art, says Beeple’s $69M NFT buyer ” Nonfungible tokens are “ten times better than their physical counterparts”, according to digital art collector MetaKovan. The pseudonymous art patron, who was recently revealed to be blockchain entrepreneur Vingaresh Sundaresan, bought the NFT of Beeple’s “EVERYDAYS: THE FIRST 5000 DAYS” for…
“# What you should know before buying or selling an NFT in the US ” Nonfungible tokens appear to be an idea whose time has come. Originally developed for use with collectible trading-card games, NFTs can represent almost any unique asset. Outside of the gamer context, the first NFT to gain widespread popularity was probably…
“#Couple accidentally paints over $500,000 work of art” American gaffe-iti. A South Korean couple mistakenly tarnished a half-million dollar American artwork when they painted over it, as seen in a cringeworthy clip. “They thought they were allowed to do that as participatory art and made a mistake,” said Kang Wook, head of the exhibition at…
“# Mobile games developer Tapinator to launch ‘NFT500’ service ” Tapinator, a publicly-traded mobile games publisher based in New York City, has announced plans to launch a new subscription casting service focused on nonfungible tokens, or NFTs, highlighting the growing popularity of digital art. Launching in summer 2021, NFT500 will host a collection of blue-chip…
“#The Louvre makes its entire collection viewable online” This ought to make Mona Lisa smile. The largest art museum in the world is now viewable in its entirety online. Paris’ Louvre Museum may currently be closed due to the coronavirus pandemic, but now, every single piece can be experienced virtually. The institution has digitized the…
“#No Oscars or sensitive art spark Hong Kong censorship fears” HONG KONG — Decisions in Hong Kong not to display a politically sensitive photograph in a museum exhibition and not broadcast the annual Academy Awards for the first time in decades have prompted concerns that Beijing’s crackdown on dissent in the city is extending to…
“# Recur raises $5 million for perpetual cross-platform NFT royalties ” Can a new non-fungible token (NFT) platform finally solve the problem of ecosystem-wide royalties? NFT platform Recur announced on Thursday a $5 million seed round led by the DeFi Alliance, Delphi Digital, Ethereum co-founder Joe Lubin, and Gemini, among others. The raise claims a…
“# Superchief opens first-ever gallery dedicated to NFT art in New York City ” Mainstream adoption of nonfungible tokens doesn’t seem to be slowing down anytime soon as the first-ever art gallery dedicated solely to NFT-backed art has opened in New York City. Superchief, an artist collective that operates galleries in New York and Los…
“#Previously hidden Van Gogh painting sells for $15 million” It’s Van Gogh-ing … going … gone! For a cool $15.4 million, a newly unearthed Vincent Van Gogh masterpiece that was kept hidden by a French family for more than 100 years now has a new home. The pricey painting, titled “A Street Scene in Montmartre,”…
“#How two friends made art history buying a $70M digital work” It took a few minutes for Vignesh Sundaresan and Anand Venkateswaran to realize that they’d parted with $69.3 million for a digital artwork stored in a JPEG file, coincidentally securing their place in art history. “We weren’t sure we won,” said Venkateswaran, describing the…