Ryan Maloney
Christie s NFT auction closes at $69 million, as digital art sets off a gold rush
The blockchain-backed technology gives artists a way to take ownership and collect compensation for digital works. Listen - 06:54
Artist Ryan Maloney had planned a conventional launch for his latest project, a series of collector cards called Beastly Ballers that feature cartoon creatures decked out in football gear. The New Canaan, Connecticut-based illustrator was going to use a Chinese printer to package the cards; then he d market them online and sell them at $4.99 for a pack of 10.
Instead, Maloney skipped the physical product all together. He listed the card images on the online marketplace OpenSea as NFTs, or nonfungible tokens, the digital assets that are upending the art world. Maloney had followed the rise of the technology and decided to give it a try.
NFTs storm the art world But that s just the tip of the iceberg msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Xiao Qiang, a research scientist at UC Berkeley’s School of Information and the founder and editor-in-chief of China Digital Times, a bilingual China news website, discusses China’s Model of Digital Authoritarianism.
Even before GameStop stock frenzy, Robinhood raised a lot of red flags
Experts worry that inexperienced traders could get hurt by the gamification tactics used by Robinhood to encourage more trades. Listen - 04:16
Robinhood has long been criticized for allegedly turning investing into a game. Getty Images
Robinhood, the stock trading app at the center of the bizarre GameStop saga, has long been controversial. Even before the run-up of GameStop and other stocks like AMC and BlackBerry elevated the fee-free service to a household name, Robinhood had been accused of downplaying the risks of stock trading, essentially presenting complex financial instruments like a game in its effort to draw in young people and new investors.
Robinhood, the stock trading app at the center of the bizarre GameStop saga, has long been controversial. Even before the free service was recently made headlines, Robinhood was accused of downplaying the risks of stock trading, presenting essentially complex financial instruments as a game in its bid to attract young people and new investors.
That strategy has had tragic consequences. In June 2020, a student named Alexander Kearns committed suicide after seeing a negative balance of over $ 700,000 in his Robinhood account, although some of his transactions were incomplete. In a suicide note, Kearns mentioned Robinhood, asking how he could take so much risk because of this.