Tag: NFT

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 ...

Visa acquired an NFT by Larva Labs for 49.5 ETH, or about $150,000, for the company’s collection on August 19, signaling a major entry into the NFT market by the financial services firm. Titled CryptoPunk #7610, the NFT is part of a series known as “CryptoPunks,” considered one of the first NFT projects ever launched. “CryptoPunks” comprises some 10,000 pixel portraits with randomly mixed ...

Last fall, Randi Hipper decided to, as she put it recently, “go in-depth with the crypto space.” After hearing about NFTs on Twitter and other social media platforms, Hipper, then a 17-year-old senior at Xaverian High School in Brooklyn, began releasing her own digital artworks — cartoonish and self-referential pieces showing her cruising in a car with a Bitcoin license plate or ...

💌 Love Philly? Sign up for the free Billy Penn newsletter to get everything you need to know about Philadelphia, every day. The crypto art gallery that opened in Brewerytown this summer is relocating after less than two months. Proprietors are hosting a final goodbye and late-night benefit at their original space to help fund their move to Fishtown. Art From The Heart Gallery ...

Last fall, Randi Hipper decided to, as she put it recently, “go in-depth with the crypto space.” After hearing about NFTs on Twitter and other social media platforms, Ms. Hipper, then a 17-year-old senior at Xaverian High School in Brooklyn, began releasing her own digital artworks — cartoonish and self-referential pieces showing her cruising in a car with a Bitcoin license plate or riding ...

To receive Morning Links in your inbox every weekday, sign up for our Breakfast with ARTnews newsletter. The Headlines AFTER A CENTURY, A MYSTERY HAS BEEN SOLVED. Archaeologists working on the estate of a 16th-century manor near Wem, England, have uncovered what they believe are the remains of a castle built as far back at 1250, according to BBC News. The owner of the land, Tim Ashton , said that curious lumps in the topography ...

A certain degree of magical thinking surrounds the non-fungible token, or NFT. The community involved in the NFT-buying frenzy of early 2021 believed that the blockchain technology used to make NFTs instilled them with infallible benefits. NFTs were supposed to be a tamper-proof ledger that authenticated and defined original digital works, which could offer artists royalties as the work was traded in perpetuity. But ...

Explains Okuda, “As an artist I embrace all media through which I can develop my work, whether that’s murals and paintings, three-dimensional sculptures, or installations and immersive exhibitions. I’ve never limited myself to a single discipline, because I believe that the more mediums I work in, the more people I can reach. NFTs, to me, are yet another way I can invite viewers into ...

In 2005, Banksy acquired a piece of Israel’s West Bank Barrier and used it for a “treasure hunt.” The first person to find the rock and email him with the secret word he wrote on it—”Spike”—would get to keep the work. The piece, titled Spike, was found in Palestine and has since traded hands a few times. Now, it is heading to auction—not as ...

The soaring contemporary architecture and breathtaking views of the Palazzo di Vista in Bel Air may seem well worth the $87.77 million it’s listed for. But the lucky buyer will also acquire a $7 million art collection, including an NFT (non-fungible token) art gallery, curated by MDP Art Curators, with works by Ghost Girl and BigHead Music Producer. “The art world is changing so ...