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The Untold Story of the NFT Boom https://www.nytimes.com/2021/05/12/magazine/nft-art-crypto.html The New Digital Market The Untold Story of the NFT Boom Digital creators used the blockchain to create a whole new art scene. Then their work started selling for thousands sometimes millions of dollars. Credit. Listen to This ArticleAudio Recording by Audm To hear more audio stories from publications like The New York Times, “It’s at 40.7 ETH,” FEWOCiOUS gasped. “That’s crazy.” It was not quite 4 in the afternoon, and Victor Langlois, an 18-year-old cryptoartist, was at his desktop computer, watching a frenzied bidding war between two art collectors. Langlois known by his art name FEWOCiOUS, or Fewo, to his friends and fans was dressed in a white hoodie that he had designed, its arms covered in his own psychedelic art, including an eyeball and sunflower afloat in a blue sky. The room’s window had been covered with cardboard to ke ....
Beeple digital art sale doesn't reflect the underground crypto community washingtonpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from washingtonpost.com Daily Mail and Mail on Sunday newspapers.
Art Industry News: Meet the Crypto Bros Who Are the Mega-Collectors of NFT Art (and, Yes, They’re All Men) + Other Stories Plus, the Prado scoops up the earliest known work by Francisco Goya and a performing arts chief departs the West Kowloon Cultural District. April 16, 2021 Nine CryptoPunks being offered at Christie s 21st Century Evening sale on May 13, 2021. Courtesy of Christie s. 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, April 16. NEED-TO-READ An Oat Milk Company Is in Hot Water for Pasting Ads Over Street Art – Minor Figures, a plant-based milk company from London, is under fire for pasting over a street art mural in Philadelphia as part of a promotional campaign. “Minor Figures is very presumptuous to come to our city and cover works of art in such an offensive manner,” Mural Arts executive director Jane Golden said ....
, Mar 10, 2021 I was bound to get a couple of things wrong last time, on the tech side anyway but thankfully most denizens of the art world aren’t savvy enough in that regard (yet) to have attacked me for it, as they are wont to do. The art part of NFTs don’t live on the blockchain, but rather on the InterPlanetary File System (IPFS, see glossary), which is a peer-to-peer computer network for storing and sharing data in a distributed fashion. There are many potential problems on the horizon for which no ready answers seem to exist. What if the IPFS is hacked, or the businesses running them somehow go under? Could there be NFTs shorn of their art? (some would say that’s the case already!) One DM-er complained that they couldn’t find any details relating to the technical requirements for image resolution sizes (there are none) and whether TIFF files are the best format because they are the most stable (probably yes, but anything goes as of now). ....
Kenny Schachter Gets Sucked Into the Surreal NFT Vortex… and Makes a Fortune Overnight in the New Virtual Art Market Our columnist describes his entry into the wild, revolutionary, and highly confusing art market springing up around virtual artworks. February 24, 2021 My second drop on Nifty Gateway woohoo, I reinvented myself in late middle age. Courtesy of Kenny Schachter. While writing this, I’m on WhatsApp chatting to a friend, listening to (yet another) Clubhouse talk drone on, and participating in a group discussion on Discord. If you have to ask what any of those are, you may not want to read any further. The topic du jour? A new pandemic that’s spreading quicker than COVID, and though it won’t be as devastating health-wise (and I’ve been fighting chronic headaches and fatigue months after fending off the virus), it may cause a lot of pain financially, that is. Put simply, Non Fungible Tokens (NFTs) are digital artworks hosted on a decentralized ....