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 Friday, March 26. NEED-TO-READ NFT Artwork Made by Robot Sells for $688,888 – Sophia, the robot who was already famous for interviewing politicians and appearing on The Tonight Show, collaborated with Italian artist Andrea Bonaceto to auction off ...

It’s been two weeks since Christie’s historic $69.3 million auction for crypto art ignited light bulbs around the world. Digital content creators of all caliber have been plotting their own Beeple moment, hoping to find a similar fortune like the 39-year-old graphic designer from South Carolina who instantly became rich and famous via the single-lot sale.Since then, more gambits have vied for headlines. Many ...

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, March 23. NEED-TO-READ Leon Black Leaves Apollo Four Months Early – The financier and art collector has stepped down from his post as chief executive of the private equity firm Apollo Asset Management four months ...

To receive Morning Links in your inbox every weekday, sign up for our Breakfast with ARTnews newsletter. The Headlines THIS WHOLE NFT ART THING IS CERTAINLY GOING SMOOTHLY. Some users of the NFT marketplace Nifty Gateway reported that artworks had been stolen from their accounts, Business Insider reports. Also, the tokens are perhaps not so great for the environment, The Verge notes. And artworks are being commodified as NFTs without the knowledge of their creators, according to Vice. “I don’t give ...

Business Insider Shares of Takung Art have soared 712% in the past four days, before paring some gains. On Wednesday alone shares rose 277% as the buzz around non-fungible tokens, or NFTs, continues to grow. Takung Art turned in revenues of just $685,465 for the three months that ended in Sept. 2020. See more stories on Insider's business page. Shares of the Hong Kong-based ...

Is the monetization of digital art worth the energy expenditures required to verify a work’s authenticity and ownership on the blockchain? Many artists say no. Others venture that it might be, and some of them have made concessions to prove that they care about climate change, like carbon offsets to mitigate whatever damage their crypto art might wreak. The naysayers remain unconvinced. “Carbon offsets ...

On Tuesday, amid the crypto art craze that has taken hold of the market, Sotheby’s announced it will collaborate with the anonymous digital artist Pak for a sale this April. The auction house’s CEO Charles Stewart said in an interview with CNBC that the sale will include both individual works of art as well as “open edition” NFTs, where multiple buyers can purchase minted ...

Beeple's NFT digital art nets £50m at Christie's auction  BBC News Source link

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, March 12. NEED-TO-READ Kate Winslet Is Jazzed About Banksy’s Latest – Actor Kate Winslet hopes that Banksy’s new work on the wall of Reading Prison will add fuel to the campaign to transform the former ...

Christie’s closely watched sale of digital artist Beeple’s The First 5,000 Days has resulted in an unprecedented $69.3 million sale. Following Christie’s announcement of their plans to auction off their first NFT (non-fungible token) by Beeple (aka Mike Winkelmann) in an online sale two weeks ago, attention around the crypto art market surged to staggering heights virtually overnight. The sale has drawn widespread attention ...