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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 Christie's 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 countries.   So why is everyone so eager to jump on the NFT bandwagon?  NFTs, or non-fungible tokens, a...

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, said Max Moore, a commission member. The survey might be able to be put on the city Website, he said.

Sotheby's 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 Sotheby's 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 the painting, but Sotheby's boss Charles Stewart thinks offering crypto payments will expand thei...

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 works that exist only in the digital world. Missing from those transactions, however, were the blue-chi...

›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 new generation of digital speculators and an older school of art collectors. Reuters More than a doz...