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So you bought an NFT? I’m not going to say ‘I told you so’…

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Source: N Opinion

Although NTFs – non-fungible tokens – have recently been declared dead, this is not going to be an “I told you so” piece. Their death certificate was issued in the form of research from dappGambl, a site that reviews everything crypto. It’s not my usual online destination, but its analysis caught my attention.

More than anything, its report states that although some NFTs still command very significant prices, the vast majority have a valuation of zero. Looking into data provided by the Block – a US company that focuses on blockchain, cryptocurrency and market research – weekly sales still hover above $60 million, but the average price of NFT transactions is about $30-50. This is down from the NFT peak of August 22-29, 2021, when that week’s transactions reached a value of $3.2 billion. What happened and what do we make of it?

Well, a few concepts were at play. First, there is the widespread and general awareness of the value of crypto currencies such as Bitcoin and Ethereum (NFTs were primarily traded on the Ethereum blockchain). Both reached their peak between May 2021 and April last year. It’s fair to say that a sort of intoxication took hold, and that everyone – literally – became a cryptocurrency expert, predicting that Bitcoin and Ethereum would only go up and up.

Read more: https://www.thenationalnews.com/opinion/comment/2023/09/28/nfts-digital-art-bubble-market/

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Fine Art NFTs

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Source: blockchainreporter.

A deep dive into Audrey Ou and TRLab’s effect on the fine art industry

Audrey Ou, co-founder and CEO of TRLab, is laser-focused on creating a new fine art experience for buyers and lovers of art. By leveraging NFT technology, Ou is interested in making the traditional fine art industry more accessible to a new generation of collectors. 

Audrey Ou has always loved art, beginning when she was a child and growing up, as she worked at the Rockbund Art Museum, which her parents founded in 2010. Through experiences at various technology companies, Ou ended up becoming involved in TRLab, a fine art platform designed to work with technology. 

Read more: https://blockchainreporter.net/fine-art-nfts/

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NFT

XCOPY: THE DEFINITIVE NFT ARTIST SHAPING DIGITAL CULTURE

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Source: NFT CULTURE

XCOPY is not merely a participant in the realm of digital and NFT art; he is a provocateur, a visionary, and arguably the most influential NFT artist to date. His profound impact stretches across artistic, technological, and cultural domains, making this comprehensive overview essential for understanding the breadth of his contributions to contemporary art and digital culture.

CULTURAL VANGUARD: XCOPY’S EARLY ADOPTION AND ITS IMPACT

XCOPY’s early forays into digital art were not just pioneering; they were prophetic. His engagement with digital media and NFTs from their nascent stages positioned him as a key influencer in shaping what the medium would become. By adopting and advocating for NFTs early on, XCOPY helped propel the technology into the spotlight, demonstrating its potential to revolutionize the art world. His early pieces, often reflecting themes of dystopia, techno-anxiety, and existential dread, resonated with a growing audience that found in his art a mirror to the digital age’s complexities.

Read more: https://www.nftculture.com/nft-news/xcopy-the-definitive-nft-artist-shaping-digital-culture/

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Welcoming Art Blocks to our NFT marketplace!

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Source: KRAKEN blog

Art Blocks is perhaps most well known for the Chromie Squiggle by Snowfro collection, project #0. A 10,000-piece collection created in October 2020, it has generated over 75,000 ETH ($171M USD) in trading volume.

Some other well known Art Blocks collections include Fidenza by Tyler HobbsRingers by Dmitri CherniakMeridian by Matt DesLauriers and Anticyclone by William Mapan.

Art Blocks’ three main categories

1. Curated Collections
These collections are carefully selected by the Art Blocks team for their innovation, artistic integrity and contribution to the field of generative art. The Curated Collection is a showcase for what is possible in the realm of algorithmic art, highlighting premier artists and groundbreaking projects.

Read more: https://blog.kraken.com/product/nft/welcoming-art-blocks

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