Breaking NFTs to Pieces: These 4 Projects Are Fractionalizing Grimes, Banksy,...
While non-fungible token (NFT) collectibles have been all the rage, a few projects have been developing the concept of fractionalized NFTs so investors without deep pockets can purchase shares of an expensive collectible. On Thursday, the firm Otis revealed that people can invest in an NFT created by the world-famous Canadian musician and record producer Grimes. The platform allows anyone to purchase a small fraction of the recording artist’s artwork called “Newborn 1 & 3.” Grimes’ Artwork ‘Newborn 1 & 3″ Gets Fractionalized During the last 30 days,....
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Two new projects aim to bring NFTs to the masses by breaking them apart. Non-fungible tokens and crypto art have taken the industry by storm in 2021 and a number of projects aim to fractionalize pieces of NFTs to give collectors' partial ownership rights.Projects that break apart, or fractionalize, non-fungible tokens are gaining interest following a number of groundbreaking sales that are beyond the reach of most investors.With pieces such as Beeple’s “Everydays: The First 5000 Days” fetching a record-breaking $70 million, not everyone has pockets deep enough to bid on such extravagances.....
Sotheby’s, the British-founded American luxury auction house, has announced the company will be selling Banksy works for real-time bids in ethereum at “The Now Evening Auction” on November 18. While the upcoming auction will have pieces from highly acclaimed artists such as Mark Bradford and Yoshitomo Nara, Banksy’s “Love in the Air” and “Trolley Hunters” will be sold for ether “for the first time at auction.”
2 Banksy Paintings to be Sold at Auction in Ethereum via Sotheby’s Fine Auction House
In 2021,....
The latest trend to take over the cryptocurrency world is an unprecedented convergence of digital assets and art, and other collectibles called NFTs. The popularity of NFTs has spilled into the mainstream, with Grimes earning $6 million on digital assets and Wu-Tang Clan set to release a legacy set with 36 ultra-rare tokens. However, an innovator in the space is releasing 13337 art pieces via a unique, smart contract-based “reveal” sale that encourages fair availability […]
At the Avalanche Summit in Barcelona, the Canadian musician and record producer Grimes announced she plans to launch an “intergalactic children’s metaverse book.” Grimes’ children’s metaverse book project is part of a $100 million initiative started by the Avalanche Foundation and the non-fungible token (NFT) launchpad OP3N.
Grimes Partners With OP3N to Launch ‘a Series of Educational Art for Babies and Small Children’ on Avalanche
On March 22-27th, at the Avalanche Summit at Poble Espanyol in Barcelona, the NFT launchpad OP3N and....
A valuable Cryptopunk nonfungible token is set to be fractionalized as more than 56,000 addresses sign up for a share of ownership. Nonfungible tokens (NFTs) continue to capture the imagination of the cryptocurrency space, with some of the most popular projects attracting hundreds of millions of dollars from investors. Projects like Cryptopunks and the Bored Ape Yacht Club epitomize the exclusivity of the most lucrative collections, with each NFT far from accessible to the average investor.A new campaign intends to give a wider base of investors a stake in some of the most valuable NFTs by....