NFTs are setting the creative world alight. Are they also bad for the planet?
By music and pop culture reporter Paul Donoughue
Posted
FriFriday 12
MarMarch 2021 at 7:21pm
The digital collage titled Everydays The First 5,000 Days, by the artist Beeple, set a record at auction this week.
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By this point, you ve probably heard about NFTs even if you still don t really understand them.
They are the digital asset creating headlines globally for allowing artists to sell JPEGs or 30-second GIFs for tens of thousands or even millions of dollars.
On Friday, the artist Beeple set a new record when the auction house Christie s sold his work Everydays The First 5000 Days, a photo collage, for $US70 million ($90 million).
NFTs or non-fungible tokens: The new kind of digital art that could prove a bonanza for creators
Posted
FriFriday 5
updated
SatSaturday 6
MarMarch 2021 at 5:32am
Consensual Hallucinations, an NFT by Western Sydney artist Serwah Attafuah, who said getting paid for JPEGs blows my mind .
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Paul Lamborghini Kell made the news in 2018 when he paid $US38,000 for a digital artwork that anyone could already view or download.
This week, he sold the same artwork a depiction of Homer Simpson combined with internet meme Pepe the Frog for $US320,000.
The Homer Pepe Peter Kell sold for US$320,000.
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Supplied: Peter Kell)