Page 12 - Max Moore News Today

NFTs may be the future of art — but are they threatening the future of the planet? By Sophie Lewis Crypto enthusiasts burn and digitize Banksy artwork A digital artist known as Beeple sold a piece of entirely digital art through Christies for over $69 million in March, flipping the art world upside down. But the digital registry where that piece of art, called an NFT, is stored is responsible for the annual emission of more carbon into the atmosphere than most small countr...

mmaroney@sungazette.com A community survey of city parks is the next project the city accessibility advisory commission has undertaken. It would be a query of city residents and others offering them a chance to answer questions on their viewpoints are of city parks, to gain insight as the commission continues to hold meetings and ensure accessibility needs are met throughout the city. So far, the commission has explored prices to advertise a statement directing individuals to take the survey, s...

Sothebys says bidders can pay with Bitcoin and Ethereum for first time ever when it auctions Banksy artwork Love is in the Air for an estimated $3m-$5m Sothebys officials announced on Tuesday it would accept Bitcoin and Ethereum payments when it sells a copy of the Love is in the Air Banksy painting The painting has a reserve price of $3m to $5 million, and is the first piece of auctioned fine art that can be paid for using cryptocurrencies  People will still be able to pay cash or cards for t...

As auctioneers and artists rush into NFTs, many collectors stay away The artist Michah Dowbak, who goes by the name Mad Dog Jones. Speculative buyers are flocking to crypto art while blue-chip collectors are holding back, fearing legal gray areas and copyright issues. Via Phillips via The New York Times. by Zachary Small (NYT NEWS SERVICE) .- A handful of auctions this month testing the appetite for a type of investment known as NFTs seemed likely to prolong the nascent fad for ownership of wor...

›C for craze, C for concern: Worry over quality, ownership & authenticity is driving art collectors away from NFTs C for craze, C for concern: Worry over quality, ownership & authenticity is driving art collectors away from NFTs SECTIONS C for craze, C for concern: Worry over quality, ownership & authenticity is driving art collectors away from NFTsBy Zachary Small, New York Times Last Updated: Apr 29, 2021, 06:22 PM IST Share Synopsis Industry experts have observed a growing wedge between a ...

Glorious weather helped an improvised beer garden set up at the home ground of a rugby league team enjoy a bumper first weekend. The site at Craven Park in Barrow – the home of Barrow Raiders – was bustling on Saturday as friends and family members relaxed in the April sunshine following the relaxation of coronavirus restrictions. The club organised the beer garden as an extra source of income following a year disrupted by the pandemic which saw their last season curtailed. Among th...

What is a non-fungible token - and why are some digital artworks selling for millions? "I know you can be underwhelmed and you can be overwhelmed, but can you ever just be whelmed?" So Chastity asks Bianca in the excellent 1999 comedy 10 Things I Hate About You, and pretty much sums up my feelings the first time I Googled the words "non-fungible token". Overwhelmed, in this case, because what is non-fungible? And also: can there ever just be fungible? Turns out, yes there can. Cue t...

An online sale of a single pixel, as a part of non-fungible tokens (NFTs) by the digital artist Pak, sold for $US1.36 million at auction house Sotheby's.

The sale also included four limited-edition NFTs which were awarded to the winners of specific tasks, including paying the highest amount for a Pak artwork on the secondary market and posting the hashtag #PakWasHere to the biggest social media audience. An NFT called The Pixel – an image of a single pixel – was also up for auction, fetching $1.36m after a 90-minute bidding battle. The NFTs in the collection are represented by animated images designed by Pak. They are three-dimensional white...

500 cubes from Paks Fungible collection Courtesy of Sothebys and Pak Yesterday, Sothebys achieved $16.8m for the sale of a collection of JPGs that were created within the last fortnight. That this figure seems comparatively paltry says a lot about the current, topsy-turvy state of the art market. Within a week of Christies $69.3m Beeple NFT sale, Sothebys announced it had enlisted the digital artist and "omniscient designer/developer/wizard" Pak to collaborate on a collec...