NFTs are a relatively new concept that burst onto the scene with the metaverse development. NFT stands for non-fungible token. When dealing with economics, fungible assets refer to readily ...
With the rapid adoption of blockchain technology across industries and the rise in popularity of NFTs, the intersection of art and technology remains at the forefront of contemporary discourse—paving ...
These tokens are considered non-fungible because you cannot exchange one NFT for another identical one. For instance, if you have one bitcoin, you can exchange it for another bitcoin and still have ...
Does the SEC Really Have Jurisdiction Over NFT Art? Two Artists Sue SEC to Get an Answer The SEC’s approach towards NFTs, plaintiffs argue, “has the potential to bleed into the traditional art and ...
“Studio Sessions: The Norman Rockwell Collection, 2023” will include an NFT of a color study for “Waiting for the Art Editor, ” c.1970 by Norman Rockwell (1894-1978). Oil on board. Norman Rockwell ...
“It’s very clear to us in recent days that NFTs may not be the future right now,” joked one of the hosts of the Nifty Alpha Podcast recently. “Like, it’s the future, but just not today.” The Nifty ...
Since around 2013, Jonathan Mann’s sole job has been writing and posting a song online each day. With titles ranging from “Yeah, I’m Rocking a Headband” to “Joe Biden, Retire” (posted July 1), his pop ...
NEW YORK, NEW YORK - JUNE 28, 2021: Collectors browse NFTs and paintings for sale by Digital artist FEWOCiOUS at Christie's. (Photo by Noam Galai/Getty Images) Art collecting is generally the preserve ...
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Christie's Helped Drive the Art World's NFT Craze. Now, the Auction House Is Shutting Down Its Digital Art Division
Christie’s is shutting down its digital art division—a significant pivot for the auction house, which helped ignite the art world’s nonfungible token (NFT) craze four years ago. “Christie’s has made a ...
At issue is whether digital collectibles can be considered a security. “What the SEC has done directly affects my ability to make a living,” one plaintiff says. Still, says the Connecticut-based Mann ...
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