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Digital Art

The Digital Innovators Reshaping the Art World

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Source: Observer

There’s no question that we’re past peak NFT. The market for those non-fungible units of data that live on the blockchain and look like darling little jpegs has fallen off significantly, much like the cryptocurrency market with which they are so closely aligned. Art NFTs (as opposed to collectibles) attained just under $1.5 billion in sales on platforms outside the art market in 2022, far off their high of $2.9 billion in late 2021. “The decline in value was much greater for art-related NFTs than other segments, and they accounted for just 8% of the value of NFT sales on the Ethereum network in 2022 (versus 67% for collectibles-based NFTs),” according to this year’s Art Basel and UBS Art Market Report.

Read more: https://observer.com/list/the-digital-innovators-reshaping-the-art-world/

Digital Art

Tomo Leads Digital Art Revolution: Introducing ERC-404 Tomojis and the Premier of ‘LONG’ Collection

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Source: IT News Online

The Launch of Tomoji and ‘LONG’ Collection, Featuring Dragon-Themed Art by Sean Kyah Koons, Marks a New Era in Fractional NFT Ownership and Digital Creativity

Los Angeles, CA, April 03, 2024 (GLOBE NEWSWIRE) — Tomo, the all-in-one social wallet announces the launch of the ERC404 Meme Launchpad called Tomoji. Tomojis will enable content creators and artists to tokenize their work, diversifying their engagement. Tomojis utilize the ERC-404 token standard, addressing the limitations of the traditional ERC-721 NFT standard, which includes a lack of support for partial ownership and low liquidity. This innovation allows for the fractionalization of NFTs, thereby enhancing market liquidity and offering a more flexible approach to ownership. Tomojis offer seamless minting, gifting, and trading capabilities, providing users with an intuitive and interactive platform to engage with digital art.

Read more: https://www.itnewsonline.com/GlobeNewswire/Tomo-Leads-Digital-Art-Revolution-Introducing-ERC-404-Tomojis-and-the-Premier-of-LONG-Collection/75993

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Digital Art

Stacks by Transient Labs: A Revolutionary Leap for Digital Art Creators

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Source: NFT Culture

In the ever-evolving world of digital art and NFTs, a new platform emerges to redefine the creator’s minting experience: Stacks, introduced by Transient Labs. This innovative platform is set to transform how artists control, present, and sell their digital creations, promising a brighter future for creators in the Web3 domain.

Introducing Stacks: Empowering Creators Like Never Before

Transient Labs’ Stacks platform is a game-changer for digital artists and creators. It simplifies the process of minting and selling digital art by allowing creators to independently build and publish their mint pages. By leveraging ERC1155 for editions and ERC721 for unique collections, Stacks eliminates the need for indexing contracts on external marketplaces. This approach not only facilitates a direct sales pathway but also introduces a groundbreaking 0% creator fee structure, putting the focus squarely on the artists and their work.

Read more: https://www.nftculture.com/nft-news/stacks-by-transient-labs-a-revolutionary-leap-for-digital-art-creators/

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Digital Art

Japanese digital art exhibition explores AI risks in Shenzhen

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Source: Nikkei

Artist and engineer Daito Manabe has made a living out of manipulating technology for human enjoyment. A puppeteer of lighting, sound and robotics, his futuristic optical illusions have been featured in shows across the world, from Tokyo to Rio de Janeiro.

Manabe founded Rhizomatiks, a Japanese media art collective that has won multiple awards, in 2006 to explore the boundaries between technology and art. But almost 20 years on, he fears those boundaries are becoming too difficult to distinguish, and that his days as puppet master could be numbered.

“Some artists have already been affected by the evolution of technology and the rise of artificial intelligence, such as having their works imitated or used without permission,” Manabe told Nikkei Asia. “It’s essential to seriously consider the regulation of AI, because more challenges may emerge in the future,” he warned.

Read more: https://asia.nikkei.com/Life-Arts/Arts/Japanese-digital-art-exhibition-explores-AI-risks-in-Shenzhen

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