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: ‘A Crazy Success Story’: Trevor Jones’ NFT Gamble Pays Off

Crypto, Digital Content, Money

‘A Crazy Success Story’: Trevor Jones’ NFT Gamble Pays Off

Jones, 51, didn’t go to college until his thirties and worked three to four jobs after graduating to support his painting career. Today, he still leads a relatively quiet life with his wife outside Edinburgh, Scotland. To him, his journey in the NFT art world has been “a crazy success story.”

“It started with being depressed at 30 and deciding to do an art degree,” he says, “to [becoming] an overnight sensation.” His rise is emblematic of the transformative effect the recent NFT boom has had on artists’ lives. Far from an abstract internet phenomenon, NFTs are responsible for some becoming millionaires – in the exclusive art world no less, where it’s not easy to get rich.

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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: Audius Brings NFT Galleries to EDM-Heavy Streaming Service

Blockchain, Crypto, Web 3.0

Audius Brings NFT Galleries to EDM-Heavy Streaming Service - CoinDeskAudius Brings NFT Galleries to EDM-Heavy Streaming Service

Audius, a decentralized music streaming service with big user numbers for a Web 3.0 project, has launched a non-fungible token (NFT) showcase feature for its resident artists.

Disclosed to CoinDesk Thursday, the new feature lets artists showcase their NFT merch in a consolidated gallery, making it easy for diehard fans to peruse. The move comes at a time when acts like Kings of Leon and others are rolling out increasingly lavish collectibles for their superfans and the crypto-rich.

To enable the gallery, a user on the site has to stake 100 of the project’s native AUDIO tokens.

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Article: NFTs Mushroom Into Billion-Dollar Market With Help From Alchemy

Crypto

NFTs Mushroom Into Billion-Dollar Market With Help From Alchemy

The $1 billion market for non-fungible tokens has seemingly come out of nowhere to capture the imagination of artists and blockchain enthusiasts all over the world. While the projects range from eight-bit pixelated portraits to elaborate ink and paint creations, what they all have in common is the behind-the-scenes startup Alchemy.

The San Francisco-based firm was founded in 2017 by Nikil Viswanathan and Joe Lau and only opened to general, rather than private, customers in August. Since then, transactions using Alchemy technology have grown 54-fold to power $25 billion worth of Ethereum projects such as decentralized finance startups and NFT platforms, Viswanathan said in an interview.

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