Real-world data comes to NFTs as street artists geotag their work
“Blockchain is not just a buzzword here, it legitimately enables something that used to be impossible.” A Latvian artist going only by the name of Kiwie has announced their intention to release more than a thousand nonfungible tokens that represent real-world street art.According to a statement from Kiwie, the nonfungible token, or NFT, pieces will allow art connoisseurs to physically own street art without removing the brick wall, sidewalk, or other infrastructure to which it was applied. The NFTs feature 3D renderings of the artist’s “Fat Monster” character spray painted in 1001....
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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 brick-and-mortar showroom in the Latvian city will host an exhibition of nonfungible tokens. A physical showroom for nonfungible tokens is set to open in Riga, Latvia, where NFTs of street art from around the globe will be put on display. The gallery is being launched by Kiwie 1001, an NFT project born from the Latvian street art collective of the same name. Submissions are open to anyone who wishes to enter, and pieces can be submitted via the project’s Discord channel. Winning pieces will be voted on by the Kiwie 1001 community and will be presented in the Riga gallery when it opens in....
Nonfungible token art lacks the provable scarcity of “real art.” Non-fungible tokens are currently a major topic of discussion within the crypto space with creators and collectors alike jumping on the bandwagon.However, Litecoin (LTC) creator Charlie is of the opinion that the hype is unsustainable. Tweeting on Monday, Lee said that, unlike ‘real art,’ NFTs have “zero cost” of creation.With all that said, I’m willing to be proven wrong. I created a unique NFT with my profile pic. It cost me nothing (well except for the ridiculous ETH gas fee) and no effort at all. Prove me wrong and show....
K-pop band BTS has announced plans to release their own NFTs related to the band. The foray of artists and celebrities into the NFT world has not been a surprising one given the nature of the space. NFTs enable creators to own full rights to their work and whoever purchases these contents have verifiable data […]
Artists and content creators are expanding the creator economy past the $100 billion mark by taking control of their brands through NFTs. Nonfungible tokens (NFT) have created an environment where artists can take control of their work and finances. Experts agree that artists and creators that tokenize their work and issue it as NFTs no longer have to deal with third-party intermediaries. Although galleries have traditionally done the leg work in attracting buyers, they are seeing their utility diminish as cheaper decentralized apps (DApps) make it easy for investors to connect directly....