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Transcripts for BBCNEWS BBC News 20240604 04:22:00

nft museum in seattle wants to make this new industry more inclusive, starting off with making the basics clear. an nft is reallyjust a contract that signifies the ownership of an asset of some kind. it is getting used a lot for digital art because there hasn t been a place for storing that ownership for digital art in a way that was accepted across a wide range of people, and so, yes, these tokens or non fungible tokens are basically a contract or smart contract as recorded on the blockchain. the museum focuses on digital art as a showcase but is also a place for people to meet and collaborate. the founders say it is also a way to bring digital art of the small screen and fully to life. we really realise the impact of being able to look at this type of art in a way where you actually slow down, you see all the details, you aren tjust scrolling through your phone or

Transcripts for BBCNEWS BBC News 20220219 20:25:00

the metropolitan police. around 50 people received the document, which has the same status as information given in an interview under caution. the prime minister has previously said he didn t believe he d broken any rules but apologised for the things we simply didn t get right . now, if the hype is to be believed, the digital art world is in the grip of a revolution which is changing not only how it s bought and sold, but also ideas about the kind of art and artists we value. non fungible tokens or nfts are apparently bringing about this market change, giving all creative content producers a new platform to profit from their work, as well as greater digital protection. sophie long has been to seattle, where the first nft museum has just opened. my dad didn t believe it at first. he was kind of like,

Transcripts for BBCNEWS Our World 20220220 03:32:00

and so three more collectors asked me to make pieces for them for 20 etherium each. that s a cryptocurrency. and so i ended up selling four pieces for 20 etherium in one day, so that was around $120,000. it was crazy in one day. that s a good day! yeah, that was like. my parents didn t believe it. they were like, what? ! now he s making big bucks and branching out. his mum has quit herjob to be his manager, and he s got his own creative team. i m hoping sometime this year to be in a major auction house sale, either sotheby s or christie s or phillips, any of them, and be the youngest artist ever. well, that is not beyond the realm of possibility. this wild west of art, flooded with young, digitally native talent, is going mainstream, with teenagers making millions. and the first nft museum has just opened in seattle. i m just useless when it comes to this kind of stuff. charles peterson was taking pictures of the grunge music scene 30 years ago. now he s turning them into digital art

Transcripts for BBCNEWS BBC News 20220219 23:23:00

from what you see if you look at a live facebook video feed, which is what most of them are doing most of the time, anyway, it has been very difficult for some journalists here in ottawa to cover it, particularly the ones working for a television. 0k, the ones working for a television. ok, thank you very much for your time. if the hype is to be believed, the digital art world is in the grip of a revolution which is changing not only how it s bought and sold, but also ideas about the kind of art and artists we value. non fungible tokens or nfts are apparently bringing about this market change giving all creative content producers a new platform to profit from their work, as well as greater digital protection. sophie long has been to seattle, where the first nft museum has just opened. my dad didn t believe it at first. he was kind of like, this has to be, like, fake money. are people really paying this much? you know? once a bit of it hit the bank, he was like, whoa! . it s lik

Transcripts for BBCNEWS Our World 20220220 03:31:00

which is changing not only how it s bought and sold, but also ideas about the kind of art and artists we value. non fungible tokens or nfts are apparently bringing about this market change giving all creative content producers a new platform to profit from their work, as well as greater digital protection. sophie long has been to seattle, where the first nft museum has just opened. my dad didn t believe it at first. he was kind of like, this has to be, like, fake money. are people really paying this much? you know? once a bit of it hit the bank, he was like, whoa! it s like, this is real . jayden stitt made his first piece of digital art on a whim less than a year ago, when he was just 15. after the first sale, a lot of collectors started reaching out to me. and so within that first sale, they saw that work that i had already up and they re like, hey, would you mint this for me? minting basically means publishing your work so people can buy it.

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