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Modern & Contemporary Art auction achieves $3.8 million at Heritage Auctions

Modern & Contemporary Art auction achieves $3.8 million at Heritage Auctions
artdaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from artdaily.com Daily Mail and Mail on Sunday newspapers.

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What is NFT and why is it turning the world of collectibles on its head?

Beeple, Cryptokitties and NBA Top Shot have all entered the global conversation thanks to frothing sales activity and record-setting prices for digital assets certified by non-fungible tokens, or NFT’s, a close cousin of cryptocurrency Bitcoin. But why are people spending millions on digital artworks, videoclips and music? ....

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NFTs may be the future of art — but are they threatening the future of the planet?

NFTs may be the future of art but are they threatening the future of the planet?
By Sophie Lewis
Crypto enthusiasts burn and digitize Banksy artwork
A digital artist known as Beeple sold a piece of entirely digital art through Christie s for over $69 million in March, flipping the art world upside down. But the digital registry where that piece of art, called an NFT, is stored is responsible for the annual emission of more carbon into the atmosphere than most small countries.
So why is everyone so eager to jump on the NFT bandwagon?
NFTs, or non-fungible tokens, are original, unique digital collectibles and they have taken over the art world in the past few months. They hold a unique string of code, stored on a digital ledger known as a blockchain, and their value fluctuates depending on demand. ....

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What does digital art have to do with sustainability?

May 5, 2021
The artist beeple, aka Mike Winkelman, in early 2021 sold a series of digital pieces for $69 million, the highest price ever paid for digital art.
Courtesy of
Close Authorship
Minutes before midnight March 22, two art collectors got into a heated bidding war at a charity auction for a climate organization. The auction was happening online, but it was eliciting the same staggering dollar amounts and tense drama of an in-person auction house.
The item in contention was a single picture of a futuristic scene. The bidding had already exceeded $5 million, but Justin Sun, a 30-year-old tech entrepreneur, kept getting outbid by just $50. Ultimately, Sun offered an even $6 million and the auction was over. Sold, to the cryptocurrency millionaire. ....

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#AIshowbiz Earth Day Event Debuts Dolphin-saving NFT Hologram

#AIshowbiz Earth Day Event Debuts Dolphin-saving NFT Hologram
Leading futurists met on creating sustainable NFTs and using them to support environmental projects like Open Earth’s new marine conservation tech program; World’s first PORTL hologram NFT by Nicole Buffett unveiled
April 22, 2021 16:42 ET
| Source:
Portl
Portl
North Hills, California, UNITED STATES
Los Angeles, CA, April 22, 2021 (GLOBE NEWSWIRE) The first
#AIshowbiz Earth Day Powered by PORTL included Trailblazer talks by leading minds shaping the future on the topics of marine conservation, green NFTs, the Spatial Web, and sustainable holoportation. At the event, the
Open Earth Foundation anounced its historic AI-powered Marine Biodiversity Program to establish a No-Take Zone for dolphins around Cocos Island National Park near Costa Rica. In celebration of Open Earth’s achievement, #AIshowbiz also introduced ....

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