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Arcade Launches as First-of-its-Kind Platform Enabling Liquid Lending Markets for NFTs

San Francisco, CA (PRWEB) January 31, 2022 -- Arcade, a DeFi marketplace and lending platform that enables the financialization of NFTs, officially launches

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Collecting fine art with a digital eye to the future

Collecting fine art with a digital eye to the future
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A painting or an NFT of it: Which will be more valuable?

Some NFTs are testing the connection between the virtual and the physical worlds
Published:
July 29, 2021 07:15
NYT
An image provided by the NFT platform Nifty's shows one of the company's 92,000 NFTs related to the film 'Space Jam: A New Legacy,' which stars LeBron James.
Image Credit: NYT
British artist Damien Hirst, best known for putting a shark in a tank of formaldehyde, has gotten on the NFT bandwagon.
NFTs, or nonfungible tokens, rely on blockchain technology to designate an official copy of a piece of digital media that would otherwise be cheap or free. Hirst is selling a collection of 10,000 NFTs, each of which corresponds to a physical dot painting, for $2,000 each. A year from now, the collectors of the series, called "The Currency," will have to decide whether to keep the NFT or the painting; whichever one they do not choose will be destroyed.

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nft: A physical painting or an NFT, which is a better investment?

nft: A physical painting or an NFT, which is a better investment?
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Artdaily - The First Art Newspaper on the Net

The First Art Newspaper on the Net

by Paul Sullivan
(NYT NEWS SERVICE)
.- British artist Damien Hirst, best known for putting a shark in a tank of formaldehyde, has gotten on the NFT bandwagon. NFTs, or nonfungible tokens, rely on blockchain technology to designate an official copy of a piece of digital media that would otherwise be cheap or free. Hirst is selling a collection of 10,000 NFTs, each of which corresponds to a physical dot painting, for $2,000 each. A year from now, the collectors of the series, called The Currency, will have to decide whether to keep the NFT or the painting; whichever one they do not choose will be destroyed. Is it better to keep the NFT or the physical artwork? Which will be the more valuable investment? It is hard to know. Certain NFTs are fetching large sums of money, but not all of them are. As with any new art form, what happens over the next few years is hard to predict. And anyone investing in NFTs with an eye on earning investmentlike returns needs to understand the risks. Its such new territory, ... More

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A Painting or an NFT of It: Which Will Be More Valuable?

A Painting or an NFT of It: Which Will Be More Valuable?
nytimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nytimes.com Daily Mail and Mail on Sunday newspapers.

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