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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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Nilicoins, Rare Pepe and Curio Cards- A Look at the OG Collectibles That Started the NFT Madness

During the last few months, the non-fungible token (NFT) scene has exploded with lots of celebrities jumping on the bandwagon, high grossing auctions, and even some controversy on the side. A lot of people don’t realize how old NFT collectibles are, as years ago developers and artists created NFTs like Nilicoins (artcoins), Rare Pepe trading cards, and Curio cards as well. Since the NFT boom has straddled new heights, these old NFTs are in demand again and being sold at auctions. Color Coins and Nilicoins The NFT ecosystem has grown exponentially and it seems everybody is getting in on the…

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The Weeknd Dropped A New Song Teaser In The “NFT Space”

The Weeknd dropped a new song teaser on Twitter, saying that the song is now “living in the NFT space” so let’s find out more in our latest cryptocurrency news. Shortly after the Super Bowl performance, The Weeknd dropped a new song teaser in the world of NFTs. On Twitter, the singer wrote that the “new song living in the NFT space” was coming soon but it wasn’t clear whether he was talking about the original song or a form of NFT. Whatever it means, Abel Tesfaye is not the first musician to experiment with Non-fungible tokens as the blockchain-based…

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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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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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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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New PwC and CV VC Report Highlights Blockchain in the Art World

Swiss blockchain investment firm CV VC and PwC released a report covering top global firms focused on implementing blockchain in art. Big Four auditor PwC and Swiss blockchain investment firm CV VC, together with Cointelegraph, have released a preview for their new periodical report devoted to blockchain technology in various industries.Published on July 21, the report provides an overview of the upcoming full release featuring the top global blockchain companies focused on implementing blockchain technology in art.The report was co-authored by PwC and CV VC with contribution of PwC Switzerland and Nicolai Reinbold, ecosystem and incubator manager at CV VC.As…

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Reflecting on Bitcoin at the Third Halving

For only the third time in history, Bitcoin’s mining subsidy was cut in half this month. It was a moment that garnered attention from around the world, reminded us of the protocol’s programmable scarcity and inherent value proposition and gave some of the space’s technological and cultural principals reason to reflect on the past and future. Further Reading: What Is the Bitcoin Halving? Bitcoin Magazine’s BitcoinHalving.com live stream, held for 21 hours continuously around the third Halving, shared some of these reflections with thousands of viewers and created a broadcast that reminds us why the technology has been so important…

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