NFT | ART: Expanding the definition of ‘artist’
3 years, 5 months ago

NFT | ART: Expanding the definition of ‘artist’

The Hindu  

D elhi-based sculptor and artist Shovin Bhattacharjee, 45, has been creating digital art since 2002. Among the first Indians to list his work as an NFT, he says, “I have always faced the challenge of limited buyers because the notion still persists that digital art is not authentic art”. And as concerns about duplication and authenticity of digital art get resolved, more people will adapt to this new digital asset class,” says Bengaluru-based artist Harshit Agrawal. If making art is your thing, then NFTs aren’t going to get you a show” — Bharti Kher, artist, artist “NFT is more than an artwork; it has the potential to make the owning of artwork more democratic. “Often, the hefty fees paid to upload an NFT override the profits, unless you are a well-known artist who already commands a good price in the market,” says art historian, artist and curator, Koeli Mukherjee-Ghose.

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History of this topic

Web3 and the role of AI and digital art become hot topics of discussion at this Chennai event
1 year, 5 months ago

Web3 and the role of AI and digital art become hot topics of discussion at this Chennai event

The Hindu  

The convergence of art and technology has been a hot topic for connoiseurs and collectors alike since the beginning of this year as social media continues to flood with AI art and photography. A recent event in the city titled Nammaweb3, held at Off The Record, attempted to answer some of these questions through panel discussions and digital art exhibits …

Lisa Ray’s new NFT platform promises to be your art sherpa
1 year, 10 months ago

Lisa Ray’s new NFT platform promises to be your art sherpa

Live Mint  

Lisa Ray’s tryst with art is not entirely new. In January, she co-founded TheUpsideSpace, a curator-led digital art and NFT platform, with Singapore-based art collector and philanthropist Ayesha Khan to focus on art from South-East Asia, South Asia and the Middle East. But when you plough through all that and dig deeper, this technology has the potential to correct a …

When technology marries creativity
2 years, 4 months ago

When technology marries creativity

Deccan Chronicle  

“When bankers gather for dinner, they discuss art. NFTs on art works are the equivalent of attestation – they are digital certificates from the artist saying, ‘This work has been created by me and accompanies the artwork.’ Artists who want to sell their work as NFTs must first register with a marketplace before “minting” digital tokens by uploading and validating …

Why digital art and NFT stood out at the India Art Fair
2 years, 7 months ago

Why digital art and NFT stood out at the India Art Fair

Firstpost  

Even the least refined layman is familiar with the signature brush strokes of Dutch painter Vincent Van Gogh. Explaining the magic behind this digital art titled ‘Between.Today’, professional computer hacker turned creative technologist Hasan says, “Once the viewer stands at the designated spot, the camera captures images, which are transmitted to the computer placed behind the cabinet. Today, this included …

Aparajita Jain is democratising art through technology
2 years, 7 months ago

Aparajita Jain is democratising art through technology

Live Mint  

In 2018, a novel exhibition at the Delhi-based Nature Morte displayed art made in collaboration between man and machine. “We would have been way behind the curve if we didn’t come up with a plan to democratise art using technology, hence the decision to look at NFTs,” she says. Her son, for instance, doesn’t find the art she curates at …

Art frauds on the rise on NFT platforms
2 years, 10 months ago

Art frauds on the rise on NFT platforms

Live Mint  

Prasad Bhat, a Bengaluru-based caricature artist who frequently lists his artwork as non-fungible tokens, is unable to hide his distress. To encourage more artists to mint NFTs, OpenSea has a tool called Lazy Minting, which doesn't require them to pay a gas fee--a one-time fee charged for creating NFT on a blockchain. According to Huzefa Motiwala, director, systems engineering, India …

NFTs to offline shows: How 2021 marked a turning point for India’s post-COVID art world
2 years, 11 months ago

NFTs to offline shows: How 2021 marked a turning point for India’s post-COVID art world

The Hindu  

“The pandemic has been very productive for the reinvention of the art space,” says Myna Mukherjee, co-curator of Hub India: Maximum Minimum, a show that presented over 300 works of Indian gallerists, institutions and contemporary artists at Artissima 2021 in Turin, Italy, in November. “This is true for the domestic art market too.” India can look forward to the country’s …

What is an NFT and how does it work? The ‘bitcoin for art’ explained
3 years ago

What is an NFT and how does it work? The ‘bitcoin for art’ explained

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Chris Torres, the artist who first created Nyan Cat, recently ‘minted’ a new GIF of the famous …

Really modern art: An AI art exhibition secured by NFTs
3 years, 4 months ago

Really modern art: An AI art exhibition secured by NFTs

Live Mint  

Terrain.art, a blockchain-powered digital platform that focuses on art from South Asia, has curated Intertwined Intelligences, an exhibition featuring contemporary works that push the envelope on our understanding of art. It showcases the work of six artists—Pindar Van Arman, David Young, Scott Eaton, Harshit Agrawal, Sofia Crespo and Feileacan McCormick—pioneering “AI art” and has been curated by Agrawal. Agrawal explains …

Is NFT the disruptor that digital art needs?
3 years, 5 months ago

Is NFT the disruptor that digital art needs?

Live Mint  

On 11 March, a work of art was auctioned for more than $69 million —and the furore it created wasn’t just due to the price tag. ‘The Arrival’, a work by Vimal Chandran It’s a new world, with a different currency, new terms, new collectors, new issues to address—even a new definition of the “artist”. According to the Christie’s spokesperson, …

Keen on the NFT art drops? It’s all about strategy, buyer knowledge and timing
3 years, 7 months ago

Keen on the NFT art drops? It’s all about strategy, buyer knowledge and timing

The Hindu  

“Let’s be honest, the NFT art world would not be having the trajectory it is, if Metakovan and Twobadour did not spend close to $70 million worth of crypto on Beeple’s Everydays: The First 5000 Days,” says Amrita Sethi, “That figure alone is enough for artists to start delving into the virtual NFT art space.” Amrita, having been a banker …

Sotheby’s CEO explains why NFTs are the future
3 years, 8 months ago

Sotheby’s CEO explains why NFTs are the future

CNN  

New York CNN Business — Despite what Pete Davidson’s rap spoof suggests, NFT isn’t just for crazy kids with cash to burn. The market for the unique digital collectibles remains volatile, but Sotheby’s has given the NFT space legitimacy. Stewart: NFTs really burst on to the mainstream consciousness over the last few months and i think there’s a lot of …

Inside the Indie Art World’s NFT Gold Rush
54 years, 11 months ago

Inside the Indie Art World’s NFT Gold Rush

Slate  

You’re a working artist. “I have made more money in the sale of NFTs than I have in my contemporary art practice.” — Edgar Fabián Frías, artist “I feel like I’m behind and catching up,” said Stuart Sandford, a sculptor and photographer currently based in Mexico City. So what are the political or strategic reasons that people invalidate or blame …

NFTs are Confusing Everyone, But the Newest Internet Token is Raking in the Memes
3 years, 9 months ago

NFTs are Confusing Everyone, But the Newest Internet Token is Raking in the Memes

News 18  

What is an NFT? The first NFT album was ‘Kings of Leon’s ‘When You See Yourself.’ After art and auction houses, news organizations and galleries So what really, really is an NFT? James Murphy, CEO of Future Fallout, writes that ‘just like a concert ticket symbolises the ownership of the space of a seat in the concert arena, and a …

'Big Short' investor Michael Burry shares quote slamming NFTs as 'magic beans' sold by 'crypto grifters'
3 years, 9 months ago

'Big Short' investor Michael Burry shares quote slamming NFTs as 'magic beans' sold by 'crypto grifters'

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. He recently changed his Twitter banner …

We bought an NFT. Here’s what we learned
3 years, 9 months ago

We bought an NFT. Here’s what we learned

CNN  

San Francisco CNN Business — As headlines about people bidding eye-watering sums on GIFs of Pop Tart cats, the first-ever tweet, a Kings of Leon album and other NFTs piled up over the last several weeks, the CNN Business team decided the best way to understand the craze would be to buy one ourselves. The perfect piece of digital art …

Buyer behind $69m record-breaking art sale revealed
3 years, 9 months ago

Buyer behind $69m record-breaking art sale revealed

CNN  

CNN — The buyer of a digital artwork sold for $69 million was named as a crypto asset investor known by the pseudonym “Metakovan,” auction house Christie’s confirmed on Friday. Chinese cryptocurrency creator Justin Sun revealed on Twitter that he was outbid on the artwork, having put down a final effective bid of $60 million, only to be “outbid by …

Decoding the boom in visual art and NFTs
3 years, 9 months ago

Decoding the boom in visual art and NFTs

Hindustan Times  

On March 11, Christie’s auctioned a JPG file for $69 million, catapulting its creator – digital artist Mike Winkelmann, who goes by the name of Beeple, to instant worldwide fame. The auction house said in a tweet that the first purely digital artwork’s auction places Beeple among the top three most valuable living artists. This digital collage, titled Everydays: The …

Digital artist Beeple $US70m richer as NFT piece becomes first sold by major auction house
3 years, 9 months ago

Digital artist Beeple $US70m richer as NFT piece becomes first sold by major auction house

ABC  

An artist has netted $US70 million from the landmark sale of a digital artwork that does not exist in physical form. Key points: Mike Winkelmann, known as Beeple, has become one of the world's most profitable artists The artwork is in the form of a Non-Fungible Token, which is authenticated by a blockchain This piece of art is the first …

Burnt Banksy: All You Need to Know About NFTs and Why Some 'Morons' Torched an Artwork
3 years, 9 months ago

Burnt Banksy: All You Need to Know About NFTs and Why Some 'Morons' Torched an Artwork

News 18  

Ever heard of an artwork whose value increased after it complete destruction? The digitized artwork, created from the original 2006 Banksy artwork ‘Morons’, is an NFT – a Non-fungible token. The phenomenon recently became a rage after an anonymous group of crypto enthusiasts burnt down an original Banksy, valued at $95,000 when purchased, and instead of creating an NFT to …

How NFTs are fueling a digital art boom
3 years, 9 months ago

How NFTs are fueling a digital art boom

CNN  

Editor’s Note: This article was updated following the auction of Beeple’s “Everydays: The First 5000 days,” which sold for $69.3 million. But until now, people hadn’t figured out a good way to collect digital art – and NFTs allow you to do that,” Cock Foster said on a video call, adding that buying tokens is easier and “a lot more …

NFTs Are Hot. So Is Their Effect on the Earth’s Climate
3 years, 9 months ago

NFTs Are Hot. So Is Their Effect on the Earth’s Climate

Wired  

Two years ago, Joanie Lemercier, a French artist known for his perception-bending light sculptures, took on a new role as a climate activist. The culprit was Lemercier’s first blockchain “drop.” The event involved the sale of six so-called nonfungible tokens, or NFTs, which took the form of short videos inspired by the concept of platonic solids. But with an NFT, …

NFTs Are a Collective Hallucination—So What?
3 years, 9 months ago

NFTs Are a Collective Hallucination—So What?

Wired  

Have you had a shot yet? Eventually, the winner paid $3,666,666 in US dollars for what 3Lau called “the first tokenized album.” Bidder 65 now has unique access to the song, which others one day might hear for free. Currently, Christie’s is auctioning digital work by the artist Beeple, whose pieces look like Lucien Freud designing for Pokémon. That was …

NFTs Boom as Collectors Shell Out to ‘Own’ Digital Art
3 years, 9 months ago

NFTs Boom as Collectors Shell Out to ‘Own’ Digital Art

Wired  

It started with CryptoKitties. Each image was associated with a unique string of digits—a cryptocurrency “non-fungible token,” or NFT—that could be traded on the Ethereum blockchain platform as a title deed granting the holder ownership of a particular kitty. Its end point is an auction that started on Thursday, in which a token associated with a digital collage of 5,000 …

Remember Nyan Cat? A Rare Digital Gif Version of It Just Sold For $500,000
3 years, 9 months ago

Remember Nyan Cat? A Rare Digital Gif Version of It Just Sold For $500,000

News 18  

Who would have thought that an animated flying cat leaving a rainbow trail would become the next big thing at auction? The creator of the “Nyan Cat” recently offered a one-of-a-kind version of his viral GIF on Foundation, a website for buying and selling digital goods. Digital art enthusiasts and cat lovers engaged in a bidding war which ended when …

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