So collectors may no longer have to wonder whether the piece of work they own is authentic or not. The true origin of a file is plainly and unequivocally validated. Fairer compensation for creators is another substantial benefit. Now there is a brand new generation of motivated online art collectors looking for fine art, pop culture memorabilia, and novelty items.Īrtists’ intellectual rights to their creative works can become airtight through blockchain technology. The art industry has traditionally been extraordinarily exclusive. NFTs present an exciting opportunity for artists to transcend institutional barriers to the art world. The advent of crypto art is even impacting artists’ expressions, not just in medium, but also in the subjects of art. Some platforms like Dot Red are even developing hybrid (offline and online) and online spaces for art exhibits. For artists and creators, NFTs embody the future of intellectual property rights.Ĭrypto art and NFTs are rapidly moving the art trading world online. Since the full version of the information does not exist in any one place, the task of stealing, corrupting, or falsifying an NFT’s records would be next to impossible. A file’s records are decentralized, fragmented throughout millions of devices. Individual NFTs’ proprietary status, origin, and transaction history is so reliably verifiable that it revolutionizes the process of authenticating artwork and compensating artists. The foremost importance of NFTs is how their conclusively signatures discern provenance and ownership. That is what NFT means- non-fungible token. Even NFTs with identical multiples are their own stand-alone items, and the owners cannot arbitrarily exchange them. There is no significant functional difference between any two of the same cryptocoin. NFTs fluctuate in value along with cryptocurrencies as the price of any physical good or asset. The difference between a cryptocurrency like Bitcoin or Ethereum and an NFT is interchangeability.Īn individual unit of Ethereum cryptocurrency, an ether (ETH), is interchangeable with any other ether, because they all have exactly the same value. The students also made their own Venn Diagram comparing the two books. Next, we compared and contrasted The Dot and Ish using this large Venn Diagram. They both operate on their respective blockchain networks for highly secure authentication. This is a companion book to The Dot and is about a little boy named Ramon who discovers that drawing something ish-ly is better than always getting it right. The original artist can obtain royalties every time a new buyer acquires their work in the form of an NFT. The blockchain keeps definitive timestamped records of the artwork’s ownership and ongoing transactions via smart contracts. The NFT is an original copy of a file encrypted using blockchain technology. Blockchain encryption makes counterfeit, theft, corruption, or destruction of an NFT next to impossible. NFTs’ true origin and ownership history is definitively traceable. On the other hand, NFTs have digital signatures more reliable than an artist’s literal signature. But a physical painting or other asset is vulnerable to theft, forgery, or damage. The fact that prints and replicas of a famous Rembrandt painting exist does not diminish a genuine Rembrandt’s value. So, when you can create a perfect copy of a digital file, why would you need an NFT? As a valuable asset, owning an NFT is like owning a certified original masterpiece by a world-class painter. The original code for the internet was even sold as an NFT – World Wide Web source code NFT sells for $5.4 million. NFTs can be GIFs, videos, audio, images, or even articles. Louis Vuitton bags complete with dots are upwards of 2,000 euros (hmmm).Almost any digital file can become NFT art. Maybe it’s lovely either way?īTW….The mairie says that three new trees will be planted next month (good news) We’ll probably not see that iconic tunnel of welcome green shade again in our lifetimes…but the new trees seem to be doing fine, and I have often thought the cours seems lighter and brighter. Just before the pandemic, I walked down and back up and counted, I think, just 29 original trees. And yesterday another three were felled because of ‘chancre coloré’, a destructive fungus which eats away at the core of trunk and branches. Looking again at this photo reminds us of just how many plane trees there were lining the cours. It was splendid, especially as it brightened up some very chilly February days. What a great promotion for the brand which has concurrent splashes in New York and Tokyo.įor recent followers of Aixcentric….you may not know how lucky we were in 2013, the European Year of Culture for Marseile-Provence, to have our very own Cours Mirabeau transformed by Kusama. At ground level there are floating metal balloons over the entry hall and more colourful circles decorating the display windows. Adorning the facade of the Art Déco store built by Georges Vuitton in 1912 are Yayoi Kusama’ssignature colored polka dotscomplete with a giant sculpture of the Japanese artist busy finishing her painting.
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