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Copyright infringement and NFTs: How artists can protect themselves

What are NFT platforms doing to protect their users against copyright infringement, and what steps can artists take to ensure their work isn’t repurposed without their consent? Copyright infringement in the online world has been an issue ever since the internet entered our lives — with a copy-and-paste culture, it’s never been easier to pass off a funny tweet as one’s own, upload unauthorized versions of chart-topping songs, and repurpose jaw-dropping photographs and videos. Now nonfungible tokens have entered into the arena, a whole host of new issues have emerged. Opportunists are now tokenizing artwork without consent — and in…

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The Bitcoin Bhavacakra

Artists Yonat Vaks, Chiefmonkey and mosaic.rocks combine Bitcoin and Bhuddism in The Bitcoin Bhavacakra. collaboration by Yonat Vaks, Chiefmonkey and mosaic.rocksBuddha and Satoshi’s Teachings: How to Ascend From Fiat Samsara to Bitcoin Nirvana Legend has it that the Bhavacakra, also known as the Wheel of Life, was created by the Buddha himself. It depicts the journey of the human soul through the trappings of the Samsara (cyclic existence of life) until they are able to ascend to Nirvana. In our interpretation we have applied the teachings of Satoshi and shown how humans are trapped in the fiat Samsara and how…

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Real-world data comes to NFTs as street artists geotag their work

“Blockchain is not just a buzzword here, it legitimately enables something that used to be impossible.” A Latvian artist going only by the name of Kiwie has announced their intention to release more than a thousand nonfungible tokens that represent real-world street art. According to a statement from Kiwie, the nonfungible token, or NFT, pieces will allow art connoisseurs to physically own street art without removing the brick wall, sidewalk, or other infrastructure to which it was applied. The NFTs feature 3D renderings of the artist’s “Fat Monster” character spray painted in 1001 real-world locations with corresponding geotags. “Using NFTs…

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NFTs ‘ten times better’ than traditional art, says Beeple’s $69M NFT buyer

Winner of landmark auction breaks down his investment thesis on NFTs. Nonfungible tokens are “ten times better than their physical counterparts”, according to digital art collector MetaKovan. The pseudonymous art patron, who was recently revealed to be blockchain entrepreneur Vingaresh Sundaresan, bought the NFT of Beeple’s “EVERYDAYS: THE FIRST 5000 DAYS” for $69 million dollars earlier this year. Explaining the motives behind his purchase in an exclusive interview with Cointelegraph, MetaKovan pointed out that NFTs have a number of advantages over traditional artworks: they are easy to transfer, they don’t have any storage costs, and their ownership can be shared.…

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Mobile games developer Tapinator to launch ‘NFT500’ service

NFT500 will be a subscription casting service that will put NFTs on physical display, allowing users to display their favorite digital art rather than buy it outright. Tapinator, a publicly-traded mobile games publisher based in New York City, has announced plans to launch a new subscription casting service focused on nonfungible tokens, or NFTs, highlighting the growing popularity of digital art.  Launching in summer 2021, NFT500 will host a collection of blue-chip NFTs from digital and traditional artists that subscribers can "cast" from their devices at home or work. The service will also make use of the recently minted NFT500 token,…

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Superchief opens first-ever gallery dedicated to NFT art in New York City

Located in Union Square, the location will display NFTs on auction on high-res screens Mainstream adoption of nonfungible tokens doesn’t seem to be slowing down anytime soon as the first-ever art gallery dedicated solely to NFT-backed art has opened in New York City.  Superchief, an artist collective that operates galleries in New York and Los Angeles, announced the launch of the new gallery in the Union Square neighborhood. The gallery will display NFTs via a collaboration with Blackdove, a manufacturer of high-resolution digital art display screens. The first exhibition, titled “Season One Starter Pack” (possibly a nod to the video…

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Russia’s Hermitage museum to host NFT art exhibition

The NFT exhibition will be part of the “Hermitage 20/21” project. Russia’s State Hermitage Museum, the second-largest art museum in the world, is preparing to host a digital art exhibition involving non-fungible tokens. Scheduled to take place in 2021, the Hermitage’s NFT project will be Russia’s first exhibition in the field of NFT art, the museum officially announced Thursday. The Hermitage’s contemporary art department is organizing the exhibition, which will be part of its “Hermitage 20/21” project. The announcement read: “Non-fungible tokens have become a new form of securing rights to an artwork using blockchain technology, which allows you to…

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Iconic ‘Obey’ Street Artist Shepard Fairey to Auction an NFT Mural on Superrare

The iconic contemporary street artist, Shepard Fairey is getting into the non-fungible token (NFT) ecosystem with an NFT sale on the marketplace Superrare. The NFT mural called “Obey Ideal Power” created by Fairey will be auctioned on March 29, alongside a number of other artists selling NFTs like Neïl Beloufa and Petra Cortright. Street Artist and Activist Shepard Fairey Joins the NFT Ecosystem Shepard Fairey is a well known street artist, illustrator, and activist who made a name for himself with his infamous “Andre the Giant Has a Posse” stickers. Fairey also created the iconic Obey images and the company…

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Tokenized art: NFTs paint bright future for artists, blockchain tech

Historically, digital art has been almost impossible to monetize. Blockchain technology can solve that problem. On Sept. 23, auction-house giant Christie’s announced plans to sell its first nonfungible token, or NFT, at an auction. This was just one week after the record-setting $100,000 sale at auction of a digital art piece that also used a blockchain-based token to vest the collector’s new ownership rights. Meanwhile, Anthony Pompliano, Morgan Creek Digital co-founder and partner, wrote on Sept. 21: "I personally believe that the digital art market cap will grow to become larger than the physical art market cap. This may sound…

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Christie’s to sell its first non-fungible-token as part of epic Bitcoin artwork

Art historian-turned-blockchain artist Robert Alice believes that the Bitcoin codebase is a culturally and politically significant piece of 21 century history. Christie’s is set to sell its first nonfungible token in an upcoming auction of what has been characterized as “the largest artwork” in the history of Bitcoin (BTC). Art historian turned blockchain artist Robert Alice has created "Portrait of a Mind" — a monumental series of 40 paintings stretching over 50 meters in length.  Drawing on the history of 20th century conceptualism as well as the founding myth of Bitcoin’s creation, "Portrait of a Mind" is a complete hand-painted…

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Non-fungible digital art ‘goes parabolic,’ attracts Morgan Creek execs

Anthony Pompliano sees the digital art market cap eventually passing $65 billion. Major players in the crypto community are betting big on digital art NFTs surpassing the physical art market. According to a Sept. 21 tweet from Messari analyst Mason Nystrom, sales of non-fungible token (NFT) marketplace Rarible passed $5 million in September, with a volume of 5,309 of its RARI governance tokens traded. Messari reported that $1.5 million of this new volume came on a single day, on Sept. 14. In addition, the SuperRare NFT marketplace has “grown at an impressive rate” this year, according to Nystrom. This activity…

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Bitcoin-based artwork smashes records, sells for $100k

Many artists work their entire lives and never see their work sold for this kind of price tag. “Right Place & Right Time,” a digital art piece based on Bitcoin's fluctuating price action, has sold for more than $100,000. "The Master NFT of Right Place & Right Time was sold to TokenAngels for $101,593. — but happy to call it $100,000," Matt Kane, the art's creator, told Cointelegraph on Sept. 18.  NFT stands for non-fungible token — a unique digital asset that does not synonymously value others like it. NFTs have begun surfacing as artwork, giving the token holder ownership over the art. Right…

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Cointelegraph moderates CV Labs’ first ‘Blockchain in Art’ online panel

What does blockchain tech have to do with art? Find out during this upcoming panel from Cointelegraph and CV Labs. Many believe that Blockchain technology has the potential to transform the art industry. To prove this hypothesis, a blockchain firm in Switzerland is hosting, alongside Cointelegraph, its first online event devoted to blockchain in art. CV Labs, the blockchain incubator arm of Swiss blockchain investment firm CV VC, has organized an online panel to discuss the hottest issues in areas of blockchain use for art. Titled “Blockchain in Art,” the online event will feature major industry players such as Niko…

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EDM on blockchain: DJ PLS&TY to sell latest vinyl record on Ethereum platform

DJ PLS&TY has launched 30 limited edition vinyls of his latest EP on an Ethereum-based art and culture platform. Tommy Leas, professionally known as DJ PLS&TY in the electronic dance music industry, has launched the vinyl record of his “Very Special” EP record on the Ethereum-based art and culture exchange platform, Foundation. Foundation allows artists to sell limited-edition art, and it prices their work based on the demand it creates over time.  The EP was originally released in April and the artist is now targeting crypto and blockchain enthusiasts, with a starting price of $50. With each record sold, the…

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EDM on blockchain: DJ PLS&TY to sell latest vinyl record on Ethereum platform

DJ PLS&TY has launched 30 limited edition vinyls of his latest EP on an Ethereum-based art and culture platform. Tommy Leas, professionally known as DJ PLS&TY in the electronic dance music industry, has launched the vinyl record of his “Very Special” EP record on the Ethereum-based art and culture exchange platform, Foundation. Foundation allows artists to sell limited-edition art, and it prices their work based on the demand it creates over time.  The EP was originally released in April and the artist is now targeting crypto and blockchain enthusiasts, with a starting price of $50. With each record sold, the…

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Ashton Kutcher’s Terrible Artwork Lives on as NFT After Incineration

Celebrity Ashton Kutcher has digitized and incarcerated a drawing that will be auctioned on NFT marketplace Cryptograph to support ecological charities. An ‘artwork’ doodled by famed That 70s Show star Ashton Kutcher has been digitized and will be auctioned on the new non-fungible token (NFT) and digital art marketplace Cryptograph.The auction will raise funds for ecological conservation non-profits Global Wildlife Conservation and Oxygen Seven, with bidding set to commence on August 25 from 10 am PT and remain open for three days.After digitizing the drawing, Kutcher set the original on fire, with Cryptograph describing the incineration of the hastily scribbled…

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BlockpARTy — celebrating blockchain visionaries through art

Although blockchain can reshape the world of business relationships for the better, no one company can make that happen alone. Thanks to our visionary clients, the world is seeing the art of innovation come to life in new ways of using blockchain for business. The beneficiaries are the participants in these new networks, their consumers, […] The post BlockpARTy — celebrating blockchain visionaries through art appeared first on Blockchain Pulse: IBM Blockchain Blog.

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Q&A: How Blockchain Could Transform the Art Industry

Blockchain is transforming industries left, right and center — but how could this technology benefit the art world? The art world has had a tough time lately. The coronavirus pandemic has forced many galleries and museums to close, with sales of premium pieces also affected.But there could be a solution that helps the industry get back on its feet and achieve much-needed digitization: blockchain. Here, we talk to Niko Kipouros, founder and CEO of 4ARTechnologies, about how this technology could transform the way we purchase and own artwork — and even ensure that the provenance and authenticity of masterpieces are…

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