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The Back Room: Punking the Market

Sale Date:               Starting next week,  Sotheby’s will host “ Natively Digital” a weeklong online auction foregrounding 28 influential new media artists whose works surface the historical roots and future prospects of NFTs as a medium. Anchoring the sale is  Quantum, a generative digital animation backed by the  first non-fungible token ever minted. The work’s origin is the 2014 edition of  Rhizome’s “Seven on Seven” conference, where  Kevin McCoy and collaborator  Anil Dash premiered what they then (semi-ironically) called the monetized graphic (or “monegraph”) a digital image time-stamped and registered to its creator on the blockchain, allowing the artist to retain ownership (and be paid appropriately for authorized use) of a file that is otherwise by its nature infinitely replicable.

The Untold Story of the NFT Boom

The Untold Story of the NFT Boom https://www.nytimes.com/2021/05/12/magazine/nft-art-crypto.html The New Digital Market The Untold Story of the NFT Boom Digital creators used the blockchain to create a whole new art scene. Then their work started selling for thousands sometimes millions of dollars. Credit. Listen to This ArticleAudio Recording by Audm To hear more audio stories from publications like The New York Times, “It’s at 40.7 ETH,” FEWOCiOUS gasped. “That’s crazy.” It was not quite 4 in the afternoon, and Victor Langlois, an 18-year-old cryptoartist, was at his desktop computer, watching a frenzied bidding war between two art collectors. Langlois known by his art name FEWOCiOUS, or Fewo, to his friends and fans was dressed in a white hoodie that he had designed, its arms covered in his own psychedelic art, including an eyeball and sunflower afloat in a blue sky. The room’s window had been covered with cardboard to keep things dark, and a string o

Beeple digital art sale doesn t reflect the underground crypto community

Beeple digital art sale doesn t reflect the underground crypto community
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Sotheby s second NFT auction presents first ever minted NFT from 2014, rare Cryptopunk & more

Sotheby s second NFT auction presents first ever minted NFT from 2014, rare Cryptopunk & more Kevin McCoy, Quantum. Courtesy Sotheby s. NEW YORK, NY .-Sotheby’s announced Natively Digital: A Curated NFT Sale, representing the first time a major auction house will bring together a group survey of the leading NFT artists to auction. Hosted directly through Sotheby’s online auction platform, Natively Digital will feature some of the most sought after works made throughout the seven-year history of the medium; the curated auction will be highlighted by Kevin McCoy’s Quantum, the first NFT ever minted, the only existing masked “Alien” Cryptopunk by Larva Labs, and The Shell Record by leading generative artist, Anna Ridler. The additional NFT artists and artworks included in the auction will be unveiled in the lead up to the sale, which will be open for bidding from June 3 - 10.

Tina Rivers Ryan on NFTs - Artforum International

Tina Rivers Ryan on NFTs Two frames from Chris Torres’s Nyan Cat, 2011, GIF. ON THE AFTERNOON of February 19 immediately after the classic internet meme known as Nyan Cat was auctioned for almost $600,000 digital art abruptly entered the most recent, and perhaps most heated, of its many hype cycles. In the weeks that followed, media outlets from PBS NewsHour to Saturday Night Live reiterated the story of record-breaking prices fueled by an enigmatic technology called the blockchain, which is a system used by techno-libertarians and anarcho-capitalists for encrypting immutable digital records in blocks of data across a decentralized chain of computers. Blockchains can be used to make fungible cryptocurrencies, such as Bitcoin, and also nonfungible “tokens” that can act as surrogates of specific assets, whether tangible or digital including files that are freely available online. These tokens, or NFTs, are traded as if they were de

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