Category: NFT

The Art Angle Podcast: What Does the Future of NFTs Look Like Now?

July 15, 2022 (updated July 15, 2022) Published by

Crowds at the 4th annual NFT.NYC conference on June 20, 2022 in New York City. (Photo by Noam Galai/Getty Images)

When NFT NYC, the world’s largest NFT conference, descended on Times Square last month, Bitcoin and Ether were down more than 70 percent from their November highs. That put a damper on the proceedings, and it’s had a ripple effect on the once-ballooning market for digital collectibles. In the first half of 2021, Christie’s sold $93 million worth of NFTs; this year, they’ve sold just $4.8 million.

Meanwhile, NFT players and platforms are being dogged by allegations of insider trading and market manipulation, and many in the art world are reconsidering their relationship with the sector.

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Category: NFT

The Venice Biennale Is Getting Its First NFT Art Exhibition Courtesy of Cameroon’s First-Ever Pavilion

February 20, 2022 (updated July 16, 2022) Published by

Marina Núñez, Symbiosis (sundew) (1) (2022). Courtesy of the artist and Global Crypto Art DAO

NFTs will officially have a presence at the Venice Biennale this year. A crypto-art exhibition featuring a range of international names will take up a part of Cameroon’s debut national pavilion.

The pavilion encompasses two shows across two locations: the Liceo Artistico Statale Michelangelo Guggenheim and Palazzo Ca’ Bernardo. The former will display IRL art by four Cameroonian artists (Francis Nathan Abiamba, Angéle Etoundi Essamba, Justine Gaga, and Salifou Lindou) and four international artists (Shay Frisch, Umberto Mariani, Matteo Mezzadri, Jorge R. Pombo).

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Category: NFT

wikipedia votes against classifying NFTs as art

January 14, 2022 (updated July 16, 2022) Published by

SHOULD NFT-ART SALES BE CONSIDERED ART OR NFT SALES?

a group of editors on wikipedia, the free online encyclopedia, has voted against categorizing nonfungible tokens (NFT) as a form of art. it all started on the platform the past december. the wikipidia editors were questioning if sales that reached up to 60 million dollars — like pak’s $ 91 million collections and beeple $ 69 million NFT — should be on the list. following a public debate, five wikipedia editors have voted not to classify NFTs as art and just one was opposed.

‘wikipedia really can’t be in the business of deciding what counts as art or not, which is why putting NFTs, art or not, in their own list makes things a lot simpler. there’s a separate issue of artificial price inflation of NFTs, though that’s something that would need to be decided in the NFT list and not here,’ said a wikipedia editor on a talk.

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Category: NFT

The Year of the NFT: How an Emerging Medium Went Mainstream in 2021

December 22, 2021 (updated July 16, 2022) Published by

Change-making NFTsCOURTESY DANIELA HRITCU

Though NFTs have been around since 2014, 2021 was the first year that this novel technology broke through into the mainstream, disrupting the art world and industries beyond it. Over the course of the past 12 months, the NFT scene has evolved rapidly. Below is a timeline of some of the most important moments in NFTs during this pivotal year.

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Category: NFT

Top 10 Percent of NFT Traders Perform 85 Percent of All Transactions, New Research Reveals

December 3, 2021 (updated February 25, 2023) Published by

A figure showing the difference between trader and NFT networks, respectively. SCIENCE REPORTS

Though the NFT market is on everybody’s mind, the details of how it functions and who it rewards are still murky. This past October, however, a team of researchers with funding from the Alan Turing Institute released one of the first papers to analyze the NFT market. Titled “Mapping the NFT revolution: market trends, trade networks, and visual features,” Matthieu Nadini et al. published in Nature some surprising results.

Despite the fact that NFTs have been touted as a democratizing force for art, the paper revealed that top buyers account for the majority of sales and very few artists make more than $15 dollars on individual NFTs.

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Category: NFT