NFTs barely bring a trickle of profit to galleries, a report finds + more art industry news:
Images of CryptoPunks displayed on a digital billboard in Times Square on May 12, 2021 in New York City. Photo by Alexi Rosenfeld/Getty Images.
Art Industry News is a daily digest of the most consequential developments coming out of the art world and art market. Here’s what you need to know on this Thursday, April 21.Artworks on loan from Russia to institutions in Seoul are stuck in South Korea as a result of Western sanctions that are limiting flights out of the country.
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Holograms and masterpieces: NFTs are gaining traction in the fine art world - The San Francisco ExaminerA hologram of Degas' famous ballerina rotated inside a storefront on Geary Street Wednesday. ChristiesInc beamed the realistic hologram to SF from its NY headquarters — the first great work of art to ever be “holoported” from another location.
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Beyond collectibles: How NFTs are revamping the ticketing industryWhile the ticketing market has become digital enough over the course of the past few years, aided by the pandemic, it’s still highly centralized.
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These are the rare NFTs that football superstar Neymar boughtFootball superstar neymarjr has entered the world of NFTs with purchase of two Bored Ape Yacht club NFTs. Neymar spent upwards of $1.1M on acquiring the prized NFTs developed by Yuga Labs. Floor price of BoredApeYC NFTs hit all-time high above 124 $ETH
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Now Is the Time to Make Sure Web3 Doesn’t Just Become Web2 with NFTS | HackerNoonWeb3 is about to disrupt a bunch of industries who have no clue what’s about to happen… but it’s no guarantee that it will be as decentralized as advertised.
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Kids Drawings Turned Into NFTs To Support Children Impacted By War In Ukraine | HackerNoonA conversation with DCN Global President Nikos Panagiotou to discuss his organizations initiative to help Ukrainian children in need through an NFT auction.
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These ‘Utility NFTs’ Look to Gamify Rainforest ProtectionNFT project theaeternals gamifies the protection of a plot of land in the Amazon rainforest. IanAllison123 reports
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