Storming the ‘last bastion’: Angst and anger as NFTs claim high-culture status
Its as immutable as a transaction on the blockchain: Nonfungible tokens, or NFTs, have permanently made their mark on art history. While the movement has some members of the arterati swooning at the notion of unwashed digital hoards laying siege to their domain, the reality is that the two worlds of high art and crypto are fated to become one and the same.You might not have heard of Mike Winkelmann, but at least one art icon is ready to say he could rank up there with Pablo Picasso. The 39-year-old artist better known as Beeple has successfully forced his way into over a half-dozen....
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As more and more individuals will seek to create and invest in NFTs, here is what you should know about them. Nonfungible tokens appear to be an idea whose time has come. Originally developed for use with collectible trading-card games, NFTs can represent almost any unique asset. Outside of the gamer context, the first NFT to gain widespread popularity was probably CryptoKitties, which were released back in 2017.Related: CryptoKitties’ Dieter Shirley on breaking Ethereum and NFTsCryptoKitties became so popular that at one time, CryptoKitty trading clogged the Ethereum network, setting....
Its been a heady few weeks for commerce and art.Surely a revolution is afoot and were too mired in the hot mess to see it right.With that proviso, here are two notes from the front lines. NFTs are cutting-edge, digital art aintSome folks say the non-fungible token (NFT) that allows a digital artwork to be possessed exclusively by a purchaser is traceable to the creation of Colored Coinsin 2012 or to CryptoPunks in 2017 even though the this market exploded just the other day.A page from Jules Antoine LissajoussA Study of the Optical Representation of Sound Vibrations, 1957 But digital art....
Animoca Brands co-founder Yat Siu has urged new NFT users to look past profiteering and examine how nonfungible tokens can redefine culture. Yat Siu, the co-founder and chairman of NFT game developer Animoca Brands, believes nonfungible tokens offer a new way for culture to be stored in the virtual sphere.In an interview with Cointelegraph, Siu argued that while the technology underpinning NFTs may be new, the desire to “store culture” has long been with us throughout human history. “We describe NFTs as stores of culture, because they embody a moment in history,” he said, adding: “What is....
NFIs could be the next step for NFTs and ASM’s Artificial Intelligence Football Association could be P2E gaming’s next breakout project. Nonfungible tokens (NFTs) have been largely acquired as proof-of-profile pictures (PFPs) that represent a brand, embody culture or ultimately, reflect as a static status symbol. Blue-chip NFTs like the Bored Ape Yacht Club or Cool Cats were not originally backed by any tangible utility other than speculative value and hype, along with the promise of an illustrative roadmap, but in 2022, investors are looking for a little bit “more.” However, nonfungible....
Instagram has NFTs on the way. At a speaker series seminar at Austin, TX multimedia and culture conference SXSW, Meta Platforms CEO Mark Zuckerberg was questioned about NFTs; while the long-time face of the company was reluctant to give up too many details, Zuckerberg did allude to incoming NFT support features on Instagram in the […]