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By embracing NFTs and the metaverse, Hong Kong can remodel its identity and global role

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Source: South China Morning Post

As we stand at the cusp of a technological renaissance, Hong Kong is positioning itself as a pioneer by embracing groundbreaking technologies like non-fungible tokens (NFTs) and the metaverse. As the founder of a communications agency specialising in emerging tech and finance, I believe this doesn’t merely signify the city’s tech-savvy aspirations but serves to fortify Hong Kong’s status as a powerhouse in technology and finance on the global map.

NFTs are transforming the concept of asset ownership in the digital sphere. These unique, tokenised digital assets offer a wide array of opportunities across sectors, whether in the art industry, intellectual property rights or real estate.

Read more: https://www.scmp.com/comment/letters/article/3222159/embracing-nfts-and-metaverse-hong-kong-can-remodel-its-identity-and-global-role

Art

Celebrity NFTs: 10 Famous Personalities Who Launched Their Own Digital Tokens

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Source: techopedia

Celebrity NFTs are becoming a force to reckon with in the decentralized finance (DeFi) space within the more expansive cryptocurrency industry. Many well-known celebrities have, in the last few years, adopted and launched NFT digital assets for various reasons – some more obvious than others.

On the other end of the spectrum are fans eager to gain exposure to one of the fastest-growing sectors of the blockchain economy, thanks to the various forms of digital art assets that can be bought on-chain.

Read more: https://www.techopedia.com/celebrity-nfts-10-famous-personalities-who-launched-their-own-digital-tokens

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Art

Without rules, AI-generated art paints a grim picture for artists

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Source: The Asahi Shimbun

A dog painting created by an image-generating artificial intelligence system in the process of being corrected unnatural descriptions. (Provided by Tomoko Yamaoka)

There are growing concerns that artificial intelligence could mean that would-be artists today don’t have to be the next Picasso to create lucrative pieces.

Until recently, AI systems could create only questionable works of art, but their quality is rapidly nearing that of paintings for commercial sale. 

Creators are fearing their AI counterparts may violate their rights or deprive them of jobs, as detailed countermeasures have yet to emerge under existing legislation.

Read more: https://www.asahi.com/ajw/articles/14938694

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Digital Art Organization Rhizome’s New Blockchain Program Is an NFT-Dotted Journey Through the History of Generative Art

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Source: Artnet

In 1999, programmer Alex Galloway, artist Mark Tribe, and researcher Martin Wattenberg built an all-encompassing online archive for Rhizome. The platform had launched three years earlier as an email list for discussions about new media art, and the trio’s approach to logging its dialogues was suitably visual, hinging upon digital technology. Titled StarryNight, the resulting interface allowed users to navigate a constellation of stars across a digital night sky, each of which was linked to a keyword and associated emails.

Alas, despite its significance as a piece of Net art, StarryNight would end up nonfunctional, its text corpus lost for more than a decade—until now. Rhizome, now affiliated with the New Museum, has resurrected the interface, partially recovering its text content and enabling it to run on operating systems later than Windows 1998. And in a further move, the team has brought the work up to date with the Web3 era.

Read more: https://news.artnet.com/market/rhizome-trlab-seed-generative-art-2331679

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