Wanted to create zen consciousness in the digital medium. So i could bring sand into the 21st century beyond, within my work. So my work became healing mechanism for me. So when i create the work, it makes me feel good. Weve a physiological response to the color and light of the screen. Right, so the screen i realized can be repurposed and technology can be repurposed for a while being and for she, mandy. During the high did the covet crisis. I was daydreaming above my dream home. I was like stuck in my condo in toronto. Every one was in lockdown globally. I think everyone can relate, that you start to imagine a better place to be. So i actually designed the mars house during that period. And then knowing that i can experience this house in v r, that i can have people join me and experience it together. This was an exciting journey for me. It was bought by art on internet who is a very well known collector in the space and i she, she bought it for 512000. You us 288 over in march. And it was a record at the time. Every major news outlets picked up the story cuz people had to know, why are people paying more for digital house and then well house. Mm. Mm guys like andy warhol. Yes. I dont any war horn . Of course. You know, boss. Yeah. Best friends. I some of any war someone is the one that i really liked the site Marilyn Monroe and them, if you saw the one in the money, are you here to buy . So if, if we see something we like most definitely im interested in a couple different pieces. How about any fees . Im not very experienced online at these. Im not a fan of videos. Seems right. What it is is the piece that i dont give. We could take, if we could take a picture in bass amount is then if t, theres like the authenticity factor thats associated with the co. But it doesnt mean that everyone else can have the same picture. How much, how valuable is it to me to say that i have the authentic piece to pay x amount for something that everyone else with that what you still have . Oh, were talking about like a bio that we put on objects in general, right . Whether youre buying a louis baton, sir, or where you buy on a coat, sir, or where you buy a Dollar General the hangs teacher, right . Is the value that we say that its worth. Thats where the money really comes in from the authentication. No different day, like baseball cards and, you know, memorabilia where its just like, you know, okay, is this authentic barry bonds signature or is this something that someone just made and wrote, you know, and, and so when you get to the authentication, thats where everything changes is that the authenticity is written both a lot. Hes checking co this see if this digital representation is the author, its lawyers anyway, for the somebody, some aunt collectors have nagging questions about the digital proof of ownership. Not surprisingly, and if tease of the hottest topic at the fam, historically, i think isnt a culture. And technology is probably a good stage where the internet was in 95. And a 95 there was no google, not amazon, no smartphone. And it was a time of extreme experimentation. And i feel the spirit is in the and no one does not, not a standard way to deal with it. You know, they up un, if hes there. And if hes who have also physical address connected to them and dutch digital artist and f t pioneer husband and daughter is asked to explain this brave new well to arent fair guests. I was really surprised because i had been a distorted for school for quite a while and hadnt really been successful in making money with that. And then basically this year we woke up one day and look on the internet and is like, oh, the whole world gets it now. And, and this was actually really annoying because i was like, why didnt you get it earlier . And also, why are these incredibly ugly and of tease being sold for so much money thanks to his background and i t hum understands the technology behind. And if teas better than most theres a lot of new, its all very new. Im looking for getting things often dont work properly when were gonna fill out it Needs Development to make it more accessible for a wide audience. A lot of people are gonna, these are the whole things still very risky. And look, if you lose the key to your wallet, then you lose your money. Felt home, there is no bank you can call for help. Or if the fixer i come, i love. Bah the composer and when i listened to him though, still i sometimes burst into tears when its so beautiful. Its an abstract beauty and hide it. Ben, im an artist. Good. Ive always made digital art and it was always hard to sell daughters all the neat difficult. It was unclear what people were buying because digital art can be copied only to dish eloquent. Theres no original, dont go peter. What is n in the year 2015. I learned about Block Chain Technology from mccloud, arguments, book chain technology, the anesthesia, the nf keys i made use the internal logic of the block chain itself as a kind of input for a visual program that generates an image. My bill train a 2 dimensional layered and colored composition cleared quite modernist. Alphabetical, im a typical dutch artist manipulator, should consume. What duck was all dead . Morlock on the digital art was never appreciated at the same level as painting or sculpture on the door. Thats because peoples desire to possess an object is inextricably linked to its the scarcity oak with sparse at the markham and door. Gandhi good. So digital art is never had an especially good reputation that holds it for how formed the kinds whiskey than is what in, in all was high in all modesty licked off of my digit. I think my digital art could also be interesting in relation to all images made a form here. The whole martin. Oh, oh. Oh cup and you see from arc to one to 5 and i made an addition of 512 tokens annually. It was dropped in july isnt good, which means that he can buy it online and i sold out in 2 and a half hours, which was weird because there was no preview or official openings about it was just me and my student relating to jojo and of and the money started pouring in thing to like a jack pods and a it was surreal. Ulysses though that the hall and f t hi were experiencing now confirms to me that in hindsight, all the, all those years of being a nerd were pretty cool. That with noonish cooler so, so noon in the financial heart of miami christies. Auction house is organized an exhibition of n f ts artist christa. Kim is accompanied by veritas, cammie, he buys nf ts for the wealthy Indian Crypto king met a coven blue, or you brother purple with all my god, 3 vercadia my pleasure. My pleasure. By the way, his company met a pers paid about 60000000 euros for the most expensive digital artwork ever. This is all brand new art has never been seen before. Ah, every single art piece here is uh for sale. Ah, so you can actually bid on it right now at the auction is live on super rare dot com. Its a good mix of o g crypto and hes like the snoop called as a new one. So a 106. 00. And i ross, all right, as a new, a new one, as well as well here to phone refresher and just witness it through ha, through or you feel stunning piece. This was one of my favorite parts and just have been there reminded me of the plan. It sounds a bit weird, but it kinda reminds me of sperm as well populating and growing up because ultimately as humans, we were creators in this space. A lot of us where nobodys before entering the space. And usually art is driven by people outside the mainstream. And so maybe 20 years ago, this would not have been considered art. That would have been considered something else. And thats what i meant, you know where were, nobodys, and through crypto, were finding our, our identities it looks like hes burning down the symbol of wealth. Yet he himself is wearing valencia the gold chain and the ring. Its this idea of new money and for a lot of people, theyve enter the crypto space. Theyre nobodys. And suddenly theres this, well, theyve never seen in their life. And so some people will indulge in materialistic pleasures. Some people will still challenge that, you know, pieces like this, always make me laugh, and i enjoy these because in the crypto community, you can see that theres this as so terrorism, theres a spiritualism. Yet theres also this embodiment of materialism and jolts jokes about luxury brands. Lamborghini is, you know, its, its pretty funny. My piece is over there. Ah, all of my artwork is in for k, because the intention is to live with it, put it on a giant screen and live with the piece in your home. I believe that especially for entering into the manifest. We are now at a turning point, like no weather in Human History in a week. Theres so much disruption in the world that the world is literally a blank canvas. And now even more so with the metaphors and the met a versus an extension of the universe that is digital its, its a mere of our actual mental universe with Infinite Possibilities of creation. Oh yes, we are proud to be says the piece that you will be seeing shortly. Make videos tag me, as we to mean. I enjoy it and i hope you enjoy my on so all the metaphors i want to come in the future. Mandy davis and good snark opportunities for the measurement pals come for what and do is offer people comfort and identity. It gives you an identity to distinguish yourself from the rest of those to be unique. Good. Thats what art does help. And well do even more in the future if and if thats the feeling at the moment in the in f t space iser, you, hey, where part of something revolutionary he engineers, he gives you identity and confidence. He creates a kind of freedom and democracy. This old fellow freya, and democracy in people emphasized the capitalism aspect. But thats not what its about, collect. Its about sharing resources for the just like over at the spread of full resource. Ah, ah, wonderful miles consumer, who crackers is not the as an artist, or i always found it strange or that there was a divide between the artwork itself and its market value. When artists and their Creative Process get to close to the market and upgrade its seen as somehow immature, it belk arc resulting in week and commercial worse than what you call michelles. And these fact of fight between art and money has always been met. Her is near her like now. Its gone at kingsbury artwork is a currency now and currency. The tokens of my work are bought and sold for handled every few days. They change hands voter vo, hey, look on is a fun thing. Dog. Every time a token changes hands, stickle skins, the artist gets a percentage. But if that changes, everything wont alshaun token visit because when you own a token is within your its to your advantage to write about it saying its an interesting art or something circus will doubt or solved and increases its value. Now, should have construct no way for so when you resell it, you make a prob, media isnt really nice for an a fee for social media has become a kind of a tool for n f t. Collectors to present the art they own and increase its value to vote and re sell it on the secondary market for cobra and are, is of new as a result. So on social media, im unsure whether people really like my artwork very look at goods or if theyre just aiming to make a profit by creating a market for it. For me, for coven daughters are listed as a market for korea, and others. And, and im not sure how i feel about that. And fin the facebook. So speed is a factor and its simply a new phenomenon. Those are the new fennel mean, but all artists are reaping big rewards. And for the 1st time in history, in this artists are actually making money. Felt under the news, i even found ha, died a poor man. Arnsdoorf with i came in to accept a concert threw off. So im not a speculator, i dont hold the currencies with a speculative value. I am interested in the creative possibilities that it offers me as an autos. I can show you, but let me show you this. Its pretty, pretty cool. So heres the of his cash was this is the da com say on site were about to go live next week. We are trying to revive companies that have been it in a science. So its a crypto science for companies that died in 2001. Were calling it a dot com sales and were kind of bringing them back to life by putting descriptions into a Machine Learning system that outputs what might have been the logos of those companies. And so this is what the logo looked like and 21999. 00 for it crashed. And then his a Machine Learning output version of what it might have been. And then kyle has done this amazing kind of version of what that logo might have been today. So its like a meeting of kind of 2 different eras of the internet. One of the interesting things about entities and crypto in general is that the kind of financial asset and the artistic essay to closer together as an artist has been working in the art world for a long time. As we know that the prices of all sorts of artworks are as important in terms of hierarchy as like and yeah. And how things are collected and cared for. Prices are tailored to value. Ah, so i hope to from season enact, hes giving more possibilities to art is to reflect the world and new ways. But its also bringing different forms of wealth and power into the ecosystem of saying what is valuable and, and making cannons so i think its challenging. Who gets to say what is important . And who gets to say what is important culture and what is valuable culture. And of course if its doing that, thats quite fundamental to museums and galleries as they exist. I think its bringing a whole new group of people in with yeah, like different ideas of what interesting artwork is and different ideas of whats valuable. So its kind of similar to the money system and away as like suddenly theres a whole bunch of people who can say this things important. Im going to put this amount of value behind this particular asset. And you might have these other canons that put value in a different way on this type of tradition. Here we come with all of the legitimacy of this amount of money or this amount of value. And were going to point towards a different type of asset which has different sorts of values minded. Traditional investors still view and f t says risky. But some new groups are joining forces in Community Funding organizations called dows. That speculate on the rising value of n, f ts that digital art collections are concentrated on this new genre. My background, i used to work in traditional fives. I work at goldman and blackstone before we have one of the largest collect chance of a, a very native crypto art in the artwork went up in value. And this in times increased the value of the tokens themselves. I was very interesting this particular collection of early and if tease from the train uniting the called auto gloves, they are the 1st instance where you have a full artwork entirely on the iro blace. Its a generative our case using a lot of reference from sali, which from the seek, seized the idea of the wall drawings like a set of instructions. Its the same, but on the blocks from purely just telling you all this work now. Yeah, you on the codes, the idea of this new paradigm is for you to all are something that everybody can see. But oh yeah, you can be the true owner. Now the market price of our autograph is like a 1000000. 00. And we, we have one of the largest collection saw off auto lives with people are making huge amount of money that youre Wealth Creation is not out of nothing where step money coming from. Yeah, i mean, thats kind of a complicated question. Right . Because i think, and this is what i think intellectually is quite interesting about trip occurrences in general. Uh from my perspective as that they make you challenge what value is and how value is allotted in society. Like who gets to decide whats valuable . Who gets to kind of navigate economies who get to control economies. These are the types of things that, you know, private money. The existence of private money, non state is, should money, doesnt matter if its digital naught challenge, right . Because suddenly a group of people are kind of producing something that is, you know, claiming to have value is used like it has value that is not coming from within that same power structure. That makes you think about who is giving legitimacy. What i think that is the kind of true power of those stories, right . If somebody can just make up and Trans National supranational currency out of nowhere seemingly. Um and do that within a particular um Network System design paradigm and a can work and scale and the way the bit conan other corporate currencies has it really does make you think. Okay, well, what is valuable is money. What, why do i use it in this way . Why is this person got a lot . Why is this person not got so much . But how will the block chain encrypt tele economy off . Will the n f t bubble bus . And if so, when this has a number of Technological Innovations that are going to have a real impact in the world, it creates a scarcity for something that was not scarce before indiana people are spending their attention on this cultural items, and this is valued by them so ah, oh smitley, its a, i think it also creates wealth because its creating this new attention. You are allowing a new way for people to create value through a cultural manifestation in the world. And people are valuing it very clearly. Some attention is the essence. I think attention is the most carsa said you only have 24 hours in your day so alternately. Thats how they decide to spend your time is how are you going to be valuable facebook. Notice that i, they want to make people spend more time in their apps and thats how they create value. Nat fix makes you spend more time in their apps, and thats how they create value. This is just competing for attention with facebook. Netflix on or everything else. A, after the internet was created, the intention was to have a democratic, Egalitarian Society and network and network. And you know, people are connected to one another but free and open. But web 2 is when, you know, you have the apples, the googles, the facebook that created surveillance, capitalism, where they own your data, they monetize it. And you know, they create these, its huge, gigantic, powerful companies that own data data is power data is the new oil. Okay. Now decentralization were, im talking about is with n f t s. And cheese is basically whats going to empower the individual because you had a decentralized platforms where you can actually own a part of the platform thats face will sucker bear has already claimed to me at the 1st doesnt mean that he actually is going to do it successfully because i believe that if, if meta and facebook want to survive, then they have to they have to figure out how theyre going to decentralize because the future generations are not going to give up their intellectual property. Allow a company like matter to own it and monetize on it and they get nothing. The future is about empowering the individual to be sovereign to own and to monetize. That is the future. When and if tease came to the land, i finally saw this Creative Energy and thought, wow, it can bring communities together from around the world. Were. Were a bunch of people of color. Bunch of brown guys. We can now be patrons of the arts and the institutional world. Even the president has joked about brown people as being good at running 7 elevens. And its, this is this kind of jokes that some people will laugh, but it, it really upsets me and it feels like, oh, you know, we cant ever be a patron of the arts. But now 3 and a half teas, we can enjoy art, not only individually, but together. A lot of times we call it the renaissance thats happening. And we called us the real renaissance of the other one was the western european origin, Judeo Christian renaissance in do you think many of people, polar feel this way thats for damn me 3 percent . I kind of new worlds where they can find a, b, b, e core. Yeah, theres this idea in the western world that you know, crypto will replace the u. S. Dollar or gold or other stores of value and they dont fully understand it. However, the developing world, philippines, india, these places crypto has different people, digital wallets, they dont usually have a bank account. So they have skipped that as theyve skipped landline and went straight to cellular technology. But its also giving them the ability to stay where they are and earn a livelihood, a rich livelihood pick and take part of the crypto ecosystem and live live a life in their homeland already living in a cosmopolitan world. This is just another extension of that. You didnt take, youre not to take my every pre existing norm that we have in our Current Society would become fluid. And with it, with nf ts with the met averse people will be radically authentic and radical authenticity will be the norm. If youre not authentic and people will find that od, i think thats the beauty of the future that were entering in it, and that is facilitated through end of tease. So if you ask me why and if ts are important right now, why . And if t art is important right now, it is the genesis, the beginning of a new civilization. One that supports decentralization. Its true, everybody can publish. Now everybody can have a voice on twitter or whatever, and its easier to collect. You dont have to know a gallery, you dont have to go to a particular context. You can buy it wherever you want. But of course, yeah, not everybody can have access to the kind of money that a cost to us still an expensive thing to do, especially on their inbox. And theres also a literacy issue, right . Not everybody understands and knows how to kind of move within those technical systems. So thats its own kind of barrier to entry. I would say um, so you know, unfortunately when new paradigms come through they often reproduce the biases of previous paradigms because the built by a similar power structures. 95 percent of the entities are bought by 5 percent of buyers, right . Exactly. Yeah, there are these types of taxes, but when jerry centralized, no, thats no very decentralized rule. That sounds to me like the op mockup that i know and love. No. Ah ah, oh wow. Its autumn time for the Frankfurt Book Fair stories about the spanish politics by a talented female author. Lyrical narrative from ukraine wins a war time. These pride and the short list of nominees for germanys novel of the year. Arch 21. In 30 minutes on d. W. O training again they get all the harvesters or immigrants, dolock, if they call everything you enjoy, eating at home with your family, was harvested. Bipolar corbin exploit it. Its done, i guess for free and were going to need to hunt. We can keep doing what were doing, and thats why your green revolution is absolutely necessary. Europe revealed the future is being determined. Now. Our documentary theory will show you how people do companies and countries are rethinking everything and making make changes because you are as revealed, starts november 3rd on d, w with ah, ah, this is dw news life from berlin, uncontested and unopposed. Cheese. James ping is reconfirmed for a 3rd term as the head of chinas communist party, surrounded by his most loyal allies, he will remain the general secretary of china is only Political Party cementing his place as the most powerful leader in decades. In iran, the