Tag: NFT

Vito Schabel, Gary Vaynerchuk Launch NFT Platform – ARTnews.com

Dealer Vito Schanbel and entrepreneur Gary Vaynerchuk have come together to create ArtOfficial, a new online auction platform that will feature NFTs by established artists.  The platform, whose name is pronounced like the word “artificial,” launched on Friday with an auction of Francesco Clemente NFTs. Like other NFT enterprises, ArtOfficial will stage sales that sometimes come with added perks for buyers. In today’s auction, ...

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Insider Trading on NFT Marketplaces Spikes Concern Over Regulation – ARTnews.com

On Tuesday, Twitter user @ZuwuTV, an NFT trader and collector, noticed that an employee for the popular NFT marketplace OpenSea seemed to be involved in insider trading. The $1.5 billion startup’s head of products, Nate Chastain, was suspected of using several secret Ethereum wallets to buy exclusive OpenSea NFT drops before they were officially listed on the website for purchase. Chastain allegedly sold the ...

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Why David Cronenberg Made Video Art About His Own Death as His First NFT

Contemporary society’s overly intimate and probably irreversibly dysfunctional relationship with technology feels, in many ways, like a David Cronenberg film. Think of the violence-obsessed protagonist Max of Videodrome penetrating his fleshy TV screen, or the game designers in Existenz’s corporeal foray into virtual reality. The Canadian filmmaker’s decades-old plots eerily echo how society depends on machines today (albeit with a bit more gore). “Prophecy has never been my ...

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Dread Scott’s First NFT – ARTnews.com

Dread Scott, the self-described revolutionary artist and professional troublemaker, is selling his first NFT at Christie’s in New York on October 1st. White Man for Sale is a looping video of a white man standing on an auction block in the middle of a Brooklyn sidewalk. Scott was inspired to make the piece when he first heard about the concept of a non-fungible token. ...

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Fusion NFT™ – a new way of investing in art and collectibles?

SINGAPORE, Sept. 12, 2021 /PRNewswire/ -- Not so long ago, digital artists whose artworks were posted all over social media, were frustrated that they were not earning much income from their works irrespective of the number of likes, comments and shares they got.  On the other hand, art connoisseurs/collectors have been limited in how they can trade their art pieces as auction houses where predominantly ...

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Art Industry News: Jeff Koons Is—You Guessed It—Getting Into the NFT Game + Other Stories

Art Industry News is a daily digest of the most consequential developments coming out of the art world and art market. Here’s what you need to know on this Thursday, September 9. NEED-TO-READ The Van Gogh Museum Gets Sued for Denying a Work’s Authenticity – Stuart Pivar, an art collector and the founder of the New York Academy of Art, is suing Amsterdam’s Van Gogh ...

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Sotheby’s Brings in $26 Million with Bored Ape NFT Bundle – ARTnews.com

Sotheby’s “Ape In!” sale achieved $26.2 million, setting a record for an NFT auction at the house. The sale, which took place this morning, had been initially estimated to bring in between $12 million and $19 million. It surpassed the result from Sotheby’s “Natively Digital” sale in June, which realized $17 million. (NFT sales are denominated in dollars, but payments are usually made in ...

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Art Industry News: The Founders of a Popular ‘All-Female’ NFT Project Turned Out to Be Three Russian Men + Other Stories

Art Industry News is a daily digest of the most consequential developments coming out of the art world and art market. Here’s what you need to know on this Wednesday, August 25. NEED-TO-READ Beeple Underbidder Paid $500,000 for an NFT of a Rock – Crypto investor, Beeple underbidder, and sometime art collector Justin Sun recently announced that he bought an NFT of a rock for ...

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