NFTs are shaking up the art world. They may be warming the planet, too
29 Apr, 2021 11:47 PM
8 minutes to read
An NFT is a piece of artwork stamped with a unique string of code, but the coding process comes with enormous greenhouse-gas emissions. Photo / 123RF
An NFT is a piece of artwork stamped with a unique string of code, but the coding process comes with enormous greenhouse-gas emissions. Photo / 123RF
New York Times
By: Hiroko Tabuchi
When Chris Precht, an Austrian architect and artist, first learned about nonfungible tokens, the digital collectibles taking the art world by storm, he was so enthralled, he said, he felt like a little kid again .
Can NFTs fund local news? We re selling one to find out sfchronicle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sfchronicle.com Daily Mail and Mail on Sunday newspapers.
Mick Jagger is using NFTs to raise money for indie music venues The highest bid is currently $8,988, with 12 people having made an offer for the musical NFT. 13790 Total views News
The Rolling Stones lead singer Mick Jagger is jumping into the nonfungible token craze to help independent music venues that have been adversely affected by the pandemic.
In an announcement from the music legend on Thursday, Jagger said he had started a 24-hour auction on Nifty Gateway featuring a nonfungible token, or NFT, based on a new song with Foo Fighters frontman Dave Grohl. The digital piece designed by artist Oliver Latta, also known as Extraweg, features a loop of a figure running through two human heads, with Grohl and Jagger’s “Eazy Sleazy” song playing in the background.
April 13, 2021
2 weeks ago I did not know what an NFT (Non Fungible Token) was.
Not sure I do today, but they’re yet another problem inflicted on us by people who have more money than sense.
After a string of high-profile sales in February and March, the red-hot market for non-fungible tokens (NFTs) is already showing signs of cooling but whether this is a bursting bubble or merely a course correction remains to be seen.
On March 11, digital artist Mike “Beeple” Winkelmann shattered all expectations with the $69 million sale of his work
Everydays The First 5000 Days. Suddenly, he was the third-most-expensive living artist, ranked behind only Jeff Koons and David Hockney.