After hitting the road with the late, great Ady Barkan, who dedicated his life to improving health care in America after receiving a diagnosis of ALS, for the 2021 doc “Not Going Quietly,” it could seem like a bit of a surprise that Nicholas Bruckman would turn his attention from meeting people face-to-face across the country to dipping into the shadowy virtual space of non-fungible tokens (NFTs) to look at the burgeoning market for digital art in “Minted.” Yet for the director, the path was more direct than it appears from afar.

“[Some are] a little bit confused about why I would delve into the world of crypto and NFTs after doing a film about sort of progressive activism, which are seen as different worlds,” but I think there is some overlap between the two stories,” said Bruckman, who racked up just as many frequent flyer miles if not more for his latest film than his last despite the fact that most of the action was happening online.

In fact, like “Not Going Quietly,” “Minted” tackles the issues of a money-driven system that doesn’t serve the best interests of the people that depend on it as Bruckman is around to see the market take off in dramatic fashion for digital artists that can create scarcity for their work with NFTs where the title to it is exclusive to the buyer. Opening with the landmark $69 million sale of Beeple’s “Everydays – The First 5000 Days” at a Christie’s auction in 2021, the film shows the wealth being spread around in a gold rush-type atmosphere for artists far and wide who could never make a living from their work, able to bypass the traditional gatekeepers such as galleries and art dealers that could lend credibility to them and in many cases overcome the geographical barriers to entry when the director finds artists outside of cultural centers from Nigeria, Cuba and the Netherlands.

Read more: https://moveablefest.com/nicholas-bruckman-on-examining-the-state-of-the-art-in-minted/

A federal jury in Tampa, Florida, recently found the cocreator of the “UndeadApes” and “Undead Lady Apes” NFT collections guilty of conspiracy to commit wire fraud and money laundering.

According to an announcement from the US Attorney’s Office for the Middle District of Florida published on October 31, Berman Jerry Nowlin Jr., 21, now faces a maximum penalty of five years in federal prison. In May, Nowlin’s coconspirator, Devin Alan Rhoden, 25, plead guilty to the same counts.

Rhoden’s sentencing hearing is scheduled for November 20, while Nowlin’s sentencing is scheduled for January next year.

Read More:https://www.artnews.com/art-news/news/cocreator-undeadapes-nfts-found-guilty-1234723020/

According to Forbes, Non-fungible token (NFT) art has emerged as a groundbreaking phenomenon in the digital creative landscape, transforming how we perceive, value, and trade digital assets. At its core, NFT art refers to digital creations tokenized on blockchain networks, most commonly Ethereum, as unique, verifiable assets. This technology has opened up new avenues for artists, collectors, and investors alike, fundamentally altering the dynamics of the art market.

The concept of NFTs addresses a long-standing issue in the digital realm: the ease of replication. While digital files can be copied infinitely, NFTs introduce scarcity and uniqueness to digital art. Each NFT is a one-of-a-kind token that represents ownership and authenticity of a specific digital artwork. This ownership is recorded on a blockchain, providing a transparent and immutable record of provenance.

Read more: https://techbullion.com/what-is-nft-art-revolutionizing-digital-creativity-and-ownership/