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“# 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…
“# Jack in the Box claims in court FTX US ripped off its character to create ‘Moon Man’ ” Lawyers for major fast food chain Jack in the Box have filed a lawsuit against crypto exchange FTX US for copyright and trademark infringement of its “Jack” mascot. According to federal court documents filed in the…
“# Patreon to explore expansion into crypto realm ” Patreon executives again teased their company’s expansion into the world of crypto at a 2021 Creator Economy Summit by The Information panel. Patreon CEO Jack Conte appeared with Chief Product Officer Julian Gutman, saying: “I really love the idea of creators owning their media and owning…
“# 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…
“#NYC removes COVID-19 heart sculpture despite $4K grant” A sculptor who got a $4,000 grant from the city to create a COVID-19 tribute — but who installed it in Central Park without a permit — was fuming after the sculpture was removed. The Central Park Conservancy took away the heart-shaped COVID-19 sculpture this past week,…
“# Celebrities are embracing NFTs in a big way ” The nonfungible token (NFT) market is growing. According to a new report by analytics platform DappRadar, NFT trade volume soared past $10 billion during the third quarter of 2021, a sevenfold increase from the previous quarter’s figure. Although a significant slice of that action comes…
“# Upgradable NFTs: How collaborations will leap forward ” Artist collaborations are an undeniable cornerstone of modern pop culture. The confluence of creative minds ultimately captured in a single artwork is something that has perpetually aroused audiences, critics and the creative community. Take “The Marilyn Diptych,” by American pop art pioneer Andy Warhol. The iconic…
“# Adobe offers users the ability to verify NFT marketplace creations through metadata ” Many nonfungible token marketplaces are allowing digital collectors to identify artwork based on the wallet address of the creator through a partnership with software giant Adobe. In an Oct. 26 announcement, Adobe said it would be partnering with major nonfungible token,…
“# Rarible and Adobe form partnership aimed at protecting NFT creators ” Software giant Adobe is trying to make it easier for nonfungible token, or NFT creators to prove they are the artists behind their work by linking social media profiles and crypto wallet addresses. In an Oct. 26 announcement, NFT marketplace Rarible said it…
“# Buyers shell out $7M for unseen NFT collection ” Nonfungible token (NFT) investors have poured $7 million into a dutch auction that sold 50 tokens conferring ownership over digital artworks that will not be minted until December. Tyler Hobbs, the artist behind the popular NFT series Fidenza, will launch 100 one-a-kind digital artworks in…