NFT.NYC — How the Web3 space is validating the work of digital artists
The Digital Diaspora, an event hosted at Samsung 837 during the week of NFT.NYC, beamed a spotlight on some of the most prominent Black artists within the NFT space. Following the conclusion of the fourth annual NFT.NYC conference, attendees took the opportunity to reflect upon a week of artistic inspiration, community networking and developer innovation from within the nonfungible token (NFT) space.A sequel to last year’s popular debut, The Digital Diaspora event on June 19 served as a dedicated exhibition, panel discussion, and fundraiser to amplify the voices and creative talents of....
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As the music industry continues to push into the Web3 space getting artists both mainstream and up-and-coming has its hurdles but also major rewards. Musicians and executives alike have seen the power of Web3 tools such as nonfungible tokens (NFTs) to transform audiences into active communities with fewer barriers between artists and fans. Recently, the crypto-savvy Snoop Dogg partnered with country music stars Billy Ray Cyrus and the Avila Brothers to create an NFT experience that crossed genres and created new communities in the process. While Snoop may be a veteran in the space, many....
NFTs can be fixed-priced or sold during an auction. However, creators should consistently sell to demonstrate a proof-of-concept to boost the NFT’s floor price. Early in 2021, markets for nonfungible tokens (NFTs) started to gain some notoriety, and by the end of March 2021, this new market for digital assets had a total lifetime traded volume of about $550 million. Any digital asset can be an NFT including collectibles, artwork, video game characters, virtual world objects and digitized sports. A blockchain, often one on the Ethereum network, is where an NFT’s ownership is recorded.....
Sam Bankman-Fried’s FTX is partnering with AZA Finance to expand the use of digital currencies and Web3 in Africa. Through this arrangement, the two companies will also work to “onboard African NFTs and artists onto the FTX NFT marketplace.” Bolstering Adoption of Web3 and Crypto in Africa Hong Kong-based cryptocurrency exchange FTX recently announced the start of a partnership with AZA Finance, whose objective is to “expand the adoption of Web3 and digital currencies throughout Africa.” This also includes non-fungible tokens (NFTs). A statement released....
With NFTs, the future of art is in the palm of your hand. Here is a look at the topmost famous artists getting into NFTs right now. For millennia, the world of art has remained unchanged for the most part. The tradition has always revolved around artists selling their work to museums, galleries, or individual collectors. In return, the artist would get a market value for their work which was often kept in private vaults and only displayed to the public ever so often.With the advent of NFTs, many artists are now able to take their work and offer it up for sale as a digital collectible.....
A lot is being done when it comes to connecting artists to the world of digital commerce. Many websites today has turned into online art houses where creators can showcase and auction their artworks without needing a physical space. And these artworks are not just limited to being paintings and sketches, but also include graphic illustrations, music, app extensions, etc. BitsyBay is a unique e-commerce platform that caters for the latter. The website specializes in promoting the works of digital artists, i.e. the extension makers, graphic designers, musicians, etc. Like any other online....