Tag: NFTs

Category:

How ‘Punk’ Crypto Trend Gave Rise To NFTs For Digital Art

Non-fungible tokens or NFTs are technological capitalism’s answer to its own limitations. By overcoming the physical nature of virtually every object and allowing their safe storage on a digital blockchain has changed how investors and buyers perceive the market in a world dictated by all-things-digital. 

The NF in NFTs represents its non-fungibility, essentially highlighting the uniqueness of each NFT – implying each article is free from a universal measure

Any NFT, then has its own value and cannot be replicated. For perspective – bitcoin is fungible, meaning you can trade one for another.

Bitcoin represents value, while NFTs represent

Read More Continue Reading
Posted On :
Category:

Considerations for Creators on NFTs and the Trend of Culture Currency


Opinions expressed are solely those of the author and do not reflect the views of Rolling Stone editors or publishers.

NFTs have made a big splash in the art world and elsewhere, with a few fine artists selling their pieces for several millions of dollars per work. This is a major turn of events for a select group, but are NFTs having an overall positive impact on the fine art community? Should skeptical creators embrace NFTs, or is this just a passing trend that’s about to burn out?

You might be asking yourself: What even are NFTs? Essentially, NFTs (non-fungible

Read More Continue Reading
Posted On :
Category:

Lost Art: Do NFTs Mean the End of Real-World Art?

There have been plenty of thefts in which genuine works were swapped with fakes. In 2014, Matisse’s Odalisque in Red Trousers was recovered, after an FBI sting operation, and returned to the Caracas Museum of Contemporary Art in Venezuela, from which it had been stolen. But it took two years for anyone to notice the theft in the first place. The real Matisse had been taken back in 2000, but the thieves had swapped a very good forgery in its place.

Rather than a swap, we recently witnessed a case in which the illusion of creating another artwork could have

Read More Continue Reading
Posted On :
Category:

NFTs may outlast physical art galleries, says famed British artist Damien Hirst

Famed contemporary artist Damien Hirst told CNBC on Wednesday he believes in the staying power of nonfungible tokens, or NFTs, the blockchain-based digital collectibles that soared, then sank, in popularity this year.

“You look at what’s happening in NFTs, and you can kind of see the galleries disappearing before you see the NFTs disappearing,” Hirst said on “Squawk Box,” where the British artist discussed his NFT collection called “The Currency.”

That project features 10,000 NFTs, with each corresponding to their own distinct works of physical art. The NFTs cost $2,000 apiece. But the twist: Their eventual owners have one

Read More Continue Reading
Posted On :
Category:

How Much Do Top Landscape Photographers Actually Earn Selling NFTs?

I analyzed the top 50 landscape photographers with accounts on the NFT auction platform Foundation, between July 5th and 9th to answer the following question: How much do landscape photographers earn from selling NFTs?

Below is a summary of my full findings that can be read on my website.

Specifically, I used public data to compile the following:

  • My list of 50 Top landscape Photographers selling NFTs on Foundation, ranked in order of ETH sales between the snapshot dates (July 5 through 9, 2021) to get a feeling for the range of earnings
  • Stats like the max, min,
Read More Continue Reading
Posted On :
Category:

13 Fashion Experts on How NFTs Will Affect Your Future Wardrobe

Experience this story and others in HIGHEnergy, a print magazine by Highsnobiety, available from retailers around the world and our online store

The world of crypto is known as much for its crashes as its trends. Ripple, CryptoKitties, and shady ICOs — all have come and gone like so many virtual bubbles. But non-fungible tokens, or NFTs, have gone mainstream. In part it was stories like the red pixel priced at $900,000 that propelled them to the spotlight, leading many to view NFTs as nothing more than aggrandized money laundering. But this trend-based, spectacle-driven reality has plenty in common with

Read More Continue Reading
Posted On :