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 Tuesday, August 9. NEED-TO-READ Canadian Politicians Mull a Change to Copyright Laws – Canada’s innovation minister, François-Philippe Champagne, is working with heritage minister Pablo Rodriguez to draft changes to the country’s legal codes that would ...

It was a project always destined to go up in a puff of smoke, at least part of it. And now Damien Hirst has announced he will burn thousands of his paintings at Newport Street Gallery in London as part of his year-long NFT project, baldly titled The Currency. Opening on 9 September, visitors to Hirst’s private museum will get the chance to view ...

Earlier this year, Latvian generative artist Ilja Borisovs had his bank accounts frozen and, several months later, Latvian police revealed that they are investigating him for suspected money laundering, the artist announced last week. Borisovs, who goes by the handle Shvembldr, became a popular NFT artist in 2021, selling mints of his generative art on NFT platforms such as Foundation, OpenSea, and Art Blocks. ...

Despite, or perhaps because of, the colossal downturn in cryptocurrency markets, NFT platforms have recently been turning to a historically costly model that takes their meta-communities out of the ether and into brick-and-mortar shops.In May, the NFT marketplace SuperRare opened a physical gallery in Manhattan’s Soho, on West Broadway, despite what seemed to be an impending market disaster. “It was really kind of an ...

The lure of making a quick buck is strong, but for many in Gen Z, digital isn’t just a speculative pump and dump. It’s the driving force behind a generational vibe shift. As a “geriatric millennial” (h/t to Shumon Basar, via the New Models podcast, for the term), I’m often stupefied at the ease with which Gen Z has been able to adapt and ...

MIAMI--(BUSINESS WIRE)--NFT Grade, an application for generating condition reports for NFTs with the level of detail akin to those in traditional art markets, launches today. A co-creation by NFT infrastructure company InfiniteWorld, which announced entry into an business combination agreement with Aries I Corporation (Nasdaq: RAM) in December 2021, and artist Sean Shim-Boyle, NFT Grade brings a new level of trust and confidence to ...

Last November, Art X Lagos, West Africa’s biggest art fair, partnered with leading NFT platform SuperRare to host Reloading…, one of the first NFT exhibitions for African artists. Featuring artists from Nigeria, Morocco, South Africa, Senegal, and elsewhere, the show has been described by those in West Africa’s scene as a major milestone drawing international attention to what African digital artists are doing. The ...

LOS ANGELES--(BUSINESS WIRE)--Miuzium (www.miuzium.com), an emerging leader in NFT fine art and 1/1s, has announced the launch of their first collection, Collection I. Miuzium is bringing together 100 artists from the Middle East and Africa to curate 1001 pieces of 1/1 minted art, with circa 95% of pieces created exclusively for the Miuzium Collection I. Artists are world-renowned, including Wayne Barker, Lulwah Al Homoud, ...

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 Friday, June 24. NEED-TO-READ See the First Official Portrait of the Duke and Duchess of Cambridge – The prospective King William and his wife Kate’s first official portrait has been revealed—with the duchess donning an ...

Magnus Resch has spent many years decoding the opaque art market for general audiences and academics alike, turning a complicated social dance into a matter of quantifiable clarity with books like Management of Art Galleries and How to Become a Successful Artist. Resch has a particularly unromantic view of how art operates, as might be expected from an economist, entrepreneur, and Yale lecturer. This ...