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Damien Hirst Admits His Fans Are ‘a Cult’ as His First NFT Project Rakes in More Than $20 Million + Other Stories
Art Marketplace News is a daily digest of the most consequential developments coming out of the artwork planet and artwork marketplace. Here’s what you require to know this Monday, January 24. Have to have-TO-Read through Museums Are Attempting to Figure Out How Substantially NFTs Are Worth – A CryptoPunk acquired by the Institute of Present-day Art Miami has been caught in escrow for 6 months simply because expert appraisers have been not able to settle the work’s greenback value (which is significant both for insurance coverage uses and to compute a tax split for the donor). Given the hyper-volatile NFT marketplace, appraisers have been experimenting with distinct methodologies, using into account…
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Jon McNaughton art: Controversial artist launches Trump NFT collection
At first glance, Jon McNaughton’s in-home studio looks like any other. A stool sits in front of an easel. A desk to one side is covered in brushes and splotched palettes. Framed paintings dot the walls, including a mountain landscape, a portrait and a modern rendering of “Washington Crossing the Delaware.” But upon closer inspection, it becomes clear that McNaughton’s space is uniquely his own — the rendering of “Washington Crossing the Delaware,” for instance, features the former president Donald Trump instead of Washington — and the crew in the boat paddles across a swamp, with the U.S. Capitol rotunda glowing in the background. If you feel McNaughton’s artwork is…
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NFT art sales are booming. Just without some artists’ permission.
Electronic burglars experienced stolen from Aja Trier in advance of. Trier, a painter in San Antonio, often riffs on Vincent van Gogh’s “Starry Evening,” introducing puppies or dinosaurs to it, or reimagining it as a desert landscape or Mordor from “Lord of the Rings.” She sells variations on mugs and mouse pads and pillows, and in excess of the a long time she’s caught and stopped individuals marketing pirated variations of her perform on Amazon and other on the net marketplaces. But many thanks to the explosion of the NFT artwork market place, robbers have started out thieving her operate at a jaw-dropping fee. Previous week, an unidentified user on…
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Associated Press to launch Polygon-based photography NFT platform
The Involved Push (AP) is launching a nonfungible token (NFT) marketplace where collectors will be equipped to buy tokenized images from the global information system. The original assortment of NFTs will include things like pictures of subjects these as house, weather and war from AP photojournalists. They will be introduced in excess of several months commencing on Jan. 31 for varying costs, according to the marketplace’s internet site. The photos will be minted as NFTs on Ethereum layer-two scaling community Polygon. The system will guidance secondary transactions employing debit or credit score playing cards and payments in Ether (ETH). The marketplace is becoming crafted by Xooa, a blockchain infrastructure platform…
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Whitney Houston NFT Set Record for Highest-Selling on Tezos Blockchain
Photo Credit: Primary Wave A Whitney Houston auction has concluded, setting a record for the highest-selling NFT on the Tezos blockchain with a price tag of $999,999. The Whitney Houston Collection was also the first time an estate sold an unheard and unreleased recording as an NFT. (Read our explainer about non-fungible tokens here.) The record-breaking Whitney Houston NFT features a full-length song demo that Whitney recorded when she was 17. The winner of the auction now has personal access to the recording in their OneOf Vault, along with a digital video created by artist Diana Sinclair. The nosebleed price tag of $999,999 was shared by Primary Wave, which helped…
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NFT project sells for $91.8m, debatably achieving the highest price ever for a work by a living artist
Thousands of collectors are staring at their digital wallets today, wondering how their investments in The Merge, an NFT (non-fungible token) by the pseudonymous artist (or artist collective) Pak, will mature. Sold from Thursday through Saturday in an open edition on the NFT platform Nifty Gateway, more than 28,000 buyers spent an eye-watering total of $91.8m to acquire 266,445 total units of mass (for those who did not join in on the sale, “mass” is analogous to “digital token” and allows for some interesting wordplay with the terms of the sale). According to Nifty Gateway that could make this sale the most expensive ever for a work by a living…
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