NFTs: Empowering artists and charities to embrace the digital movement
With many asking what’s next for NFTs, charities and nonprofits are exploring and maximizing their power for charitable giving. Depending who you ask, NFTs are either a new and exciting way to invest, or a bearish, overhyped sector. Regardless, journalists, investors and collectors have paid significant attention to the growing NFT market in the past year. NFTs continue to be one of the most popular Web3 entry points, an opportunity for everyone from casual art fans to crypto billionaires to own a unique asset stored on the blockchain. As NFT visionaries have recently pointed out, NFTs....
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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.....
Jay-Z and Jack Dorsey emphasized the benefits smart contracts and NFTs can offer to artists. Jay-Z and Jack Dorsey have hinted that their music streaming service, Tidal, could be eying integrations supporting nonfungible tokens (NFTs) and smart contracts. Speaking during a June 28 conference hosted on Twitter Spaces, the duo emphasized the importance of introducing features that empower the artists using the platform, citing smart contracts, NFTs, and analytics tools as examples.Despite Tidal lagging behind top music streaming services — with Tidal’s 2019 $166 million revenue paling in....
A Zimbabwean artist, Greatjoy Ndlovu, joined the growing list of African artists pivoting to the non-fungible tokens (NFT) market after his digital artwork was sold for 0.7 ethereum. The sale, which took place on the Async Art NFT marketplace, is Ndlovu’s first foray into the digital art space.
NFTs an Opportunity for African Artists
According to a report, Ndlovu’s digital art piece, which is called Burnt Out, depicts the challenges that were experienced by health care workers who were fighting to stop the spread of the Covid-19 pandemic.
In addition,....
The new marketplace is said to provide a more affordable option for artists launching digital artwork and other rare collectibles. It also lets them donate a portion of their proceeds to charities. NFTb, a nonfungible token platform built on the Binance Smart Chain, is launching a new version of its marketplace focused on supporting social causes and providing artists with more affordable listing options. The new marketplace connects artists and leading charities, allowing anyone to auction their artwork at an affordable rate and donate a portion of their proceeds towards a charity of....
The demand for Non-Fungible Tokens (NFTs) is alive and burning as consumers, artists, content creators, and big financial players take note of its potential to transform and take market share from industries worth billions. The entertainment and the sports sector have been one of the fastest to embrace this technology and lead into a world […]