It’s alive! The NFT market is twitching out of its torpor, defying reports of its demise. Total NFT sales on the ethereum blockchain – which hosts most trading – jumped to $780.2 million in January from $546.9 million the month before, according to market tracker CryptoSlam. Digital art collectibles were among the big hits. “Bored Ape Yacht Club #5840” –…
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With a blast of “Break on Through” by The Doors and a flashy video of cartoon apes careening around a fantasy landscape, the boss of one of crypto’s most secretive companies took to the stage on Thursday. Nicole Muniz, CEO of Yuga Labs, had a tough mission at the Web Summit tech conference in Lisbon –- to explain what exactly…
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Five people were charged in France Wednesday on suspicion of fraudulently acquiring $2.5 million of valuable NFTs, digital certificates of ownership for artworks that can be traded online, Paris prosecutors said. Charges against the five young adult suspects over the theft include fraud committed as part of a criminal gang, concealing fraud and criminal association. Prosecutors believe the group fraudulently…
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Britain’s Damien Hirst started burning hundreds of his artworks on Tuesday (October 11) after collectors chose to keep their non-fungible tokens (NFTs), blockchain-based assets representing their digital images, instead. Hirst, who found fame amid the 1990s Young British Artist scene, launched his first NFT collection “The Currency” – 10,000 NFTs corresponding to 10,000 original artworks depicting colourful spots – in July 2021. Collectors…
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British artist Damien Hirst and HENI collaborate to present an exhibition of his first NFT collection called ‘The Currency’ at Newport Street Gallery in London, during which paintings were burned. The Currency is a collection of 10,000 non-fungible token (NFTs) which correspond with 10,000 originalartworks by Hirst. Collectors were given the choice to either keep the NFT or exchange it for the physicalartwork.…
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Sales of non-fungible tokens dropped sharply in the third quarter, according to blockchain tracker DappRadar, as crypto investors hunker down for a “crypto winter” and demand for the highly speculative digital assets shows little sign of returning. Non-fungible tokens (NFTs) are a kind of blockchain-based asset representing a digital file such as an image, video or item in an online…
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Multidisciplinary artist Diana Sinclair has worked in a variety of mediums, including watercolor. More recently the 18-year-old, who is based in the New York City area, has made a name for herself in the digital art space. (September 28) Sinclair debuted an NFT collection titled “Phases” for Christie’s New York. “The base of all these artworks are actually, like, digital photo and video,” she…
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The latest show by Damien Hirst displays thousands of the provocative British artist’s colourful spot paintings… many of which he will set on fire after selling them in digital form as NFTs. The exhibition – “The Currency” – is Hirst’s first project involving NFTs, a new technology growing in popularity as a way of owning art. At the Newport Street…
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Art Tokyo Global (“ATG”), a Singapore company, announced the completion of SHIP – the world’s first immersive NFT art film. Making use of user interactivity techniques, the film sets a new milestone for the movie industry, enabling viewers to interact with the film in cinemas or from the comfort of their own homes. Featuring 221 NFT artworks across 14 scenes,…
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Innovative web3 company MetaWin has just closed its biggest competition yet, which has seen one lucky winner add an incredibly rare Mutant Ape NFT worth over $30,000 to their collection. The prize draw, held on MetaWin.com, saw thousands of new entries flooding in over the final 48-hour countdown before the winner was revealed. Several participants entered over 100 times in one…
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