Article: Artists Who Now Make a Living Because of NFTs

Crypto, Digital Content, Money

Artists Who Now Make a Living Because of NFTs

To explain the importance of transparency in her industry, squirterer recalls a situation where an art gallery took one of her physical paintings on consignment and resold it without notifying her.

But what irked her the most was that the buyer had tried to reach out to her via Facebook during the purchasing process, wanting to establish a direct connection with the artist. But the gallery explicitly said it was not allowed and forbade squirterer from engaging with buyers.

Personal experiences like that helped squirterer recognize the blockchain’s usefulness in making all transactions public, immutable and verifiable. Since joining Hive back in 2018, she’s also appreciated the importance of decentralization and anti-censorship, as she’s seen other photographers and artists banned from mainstream platforms for posting their nude art.

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Article: (Yonhap Feature) Bubble? No, young Korean artists see crypto art as fresh opportunity

Crypto, Digital Content

(Yonhap Feature) Bubble? No, young Korean artists see crypto art as fresh opportunity

The NFT market will “lower entry barriers to the art scene and encourage more creators to join the market, leading to greater diversity,” the official said.

Globally well-known artist Yoon Da-in, who uses her face and body as a canvas to create optical illusion art, said she was carefully — and positively — reviewing the market.

She said NFTs can offer “important opportunities for me and collectors as my paintings, which only exist for a fleeting moment in time, can now achieve a unique digital status and live on forever in collections worldwide.”

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Article: How The World Of NFTs Could Be The Next Big Thing For Advertising

Crypto, Digital Content, Innovation

How The World Of NFTs Could Be The Next Big Thing For Advertising

It only makes sense that advertising and marketing technology should heed the call. Immersive mobile advertising campaigns that use NFTs can be distributed programmatically across various platforms. Brands can use NFT technology to provide personalized gifts, vouchers or more to their customers. For example, Taco Bell recently sold NFTs for digital taco art (and donated 100% of the profits to Taco Bell Foundation, Inc.). This technology can help drive user engagement for brands and can be attributed back to a user or paid media channel without the need for a cookie. For a specific subset of consumers, it’s a win-win situation for both them and advertisers.

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Article: A cure for copyright ills? NFTs promise to empower creative economies

Crypto

A cure for copyright ills? NFTs promise to empower creative economies

NFTs’ main value proposition is that by creating a unique, blockchain-backed record of each unit of creative work, they can not just encode the sense of its authenticity and scarcity but also enable artists to lay down and enforce the rules around copyright transfer, usage and monetization. G-J van Rooyen, co-founder of blockchain content protection firm Custos Media Technologies, commented to Cointelegraph:

“First, NFTs allow us to securely trace the transfer of rights — in the same way as a Bitcoin payment securely traces the transfer of funds. Second, NFTs can provide perpetual support to creators. For example, an NFT could specify that creators should be rewarded each time an asset is resold at a higher value.”

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Article: The NFT Craze Is Helping Nigerian Artists Go Global

Crypto, Money

The NFT Craze Is Helping Nigerian Artists Go Global

the trend has spread to Nigeria, where local financial institutions are banned from servicing crypto firms. This means Nigerians cannot convert digital assets to naira through traditional crypto exchanges. But that hasn’t wiped out crypto in Africa’s largest economy, thanks in part to its young and tech-savvy population. Users began switching to peer-to-peer platforms to avoid using banks and the use of crypto continues, as evidenced by how local artists like Oyewumi are embracing NFTs.

There are “a lot of great artists out of Africa, and Nigeria, who are focused on physical work, and I’m all for them getting a better understanding of the opportunities of NFTs,” Ugwu said.

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Article: Cryptocurrencies, NFTs & Another Rise Of Blockchain. Ignore At Your Own Risk.

Blockchain, Crypto

Cryptocurrencies, NFTs & Another Rise Of Blockchain. Ignore At Your Own Risk.

Most importantly, as with any new emerging technology-enabled business model, companies should pilot NFTs with cryptocurrency and blockchain.  Start with creating a digital wallet and fill it with some Ether, the cryptocurrency that many NFT marketplaces use (because they use the Ethereum blockchain).  There are a number of sites that sell cryptocurrency, including Ether.  Some of the more popular sites are Coinbase and now PayPal.  Once a company has purchased some Ether they can proceed to OpenSea (or other NFT marketplaces, like Rarible or SuperRare), which is where lots of digital things are for sale.  Companies can buy some things on OpenSea (with their Ether) – and then sell them – all in the spirit of learning how it all works.  They can then browse their own portfolios for something to sell, or consider creating something they can sell.

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Article: NFTs will usher in a “creative and artistic renaissance” say designers

Crypto, Design

NFTs will usher in a “creative and artistic renaissance” say designers

Designers predict that NFTs will prompt an explosion of new works designed to make the most of digital technologies such as augmented and virtual reality.

Christodolou is experimenting with time-based programmable assets – digital images that evolve over time or react to its owner – as is Canadian lighting brand Bocci.

The company, which is currently selling DIY instructions for a candle as an NFT, is investigating how the technology can reflect the production process behind a product.

“Time-based programmable assets intrigue me because they might interweave into these processes and contribute to them,” Bocci founder Omer Arbel told Dezeen.

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Article: An NFT Ghost Game Offers a Glimpse of the Future of Finance

Blockchain, Crypto

An NFT Ghost Game Offers a Glimpse of the Future of Finance

With blockchain innovation, one can easily and cheaply package a product that provides exposure to a diverse basket of assets. What if you want to buy or sell an old-school REIT and a parcel of virtual land to the same counterparty at the same time? You can use the technology to efficiently create a product with a completely different risk profile for those who are seeking returns uncorrelated to traditional metrics.

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Article: ‘There’s literally no limit’: NFTs could soon be used for cars, real estate, experts say

Crypto

There's literally no limit': NFTs could soon be used for cars, real estate, experts  say | Ottawa Business Journal‘There’s literally no limit’: NFTs could soon be used for cars, real estate, experts say

NFTs – which are essentially a tool that uses blockchain technology to provide proof of ownership of a digital asset such as an image, audio clip or a tweet – are currently a fringe item used primarily by tech enthusiasts and artists, but experts say potential uses for the tokens are nearly limitless, including the proof of ownership of assets such as cars, real estate or just about anything of value.

A non-fungible token is certified on the blockchain (the same technology that ensures the security of cryptocurrencies like Bitcoin), and whoever owns the NFT is deemed the original owner of the asset.

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Article: DeFi-ing the odds: Why DeFi could rebuild trust in financial services

Blockchain, Crypto, Money

DeFi-ing the odds: Why DeFi could rebuild trust in financial services

While legacy finance is losing the people’s trust, decentralized finance is becoming the fair and deserved future of money.

Trending away from institutional authority is also evident in the explosive growth of decentralized finance, or DeFi. By using decentralized applications on the blockchain, DeFi allows individuals to lend or borrow funds, trade coins and earn interest on savings. Their transactions are governed by smart contracts, embedded in the software; no bank, brokerage or exchange is required.

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