In 2006, when Edward Steichen’s 1904 photograph Pond-Moonlight sold for $2.9 million, setting a record at the time, just three prints of that image were known to exist in the world. All three were created with Steichen’s supervision, making them irreplaceable. Back then, it might have seemed inconceivable that art collectors would pay millions of… Continue reading How rarity and exclusivity impact the value of NFTs
Category: crypto
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How to safeguard your artwork or art collections on the decentralized web
In March of 2021, an artist who goes by the name neitherconfirm listed 26 NFTs for digital portraits. Then, the same artist switched out the image files and replaced them with photos of carpets. The move was a harmless in-joke referencing the idea of a “rug pull,” a term used to describe a type of… Continue reading How to safeguard your artwork or art collections on the decentralized web
How to price your NFTs
In 2017, the creative technologists at Larva Labs created a collection of 10,000 unique pixel-art characters. They then offered them to anyone with an Ethereum wallet, and they were quickly snatched up. Some were sold soon after, for around $30. But it wasn’t until 2021 that the project, CryptoPunks, would become a household name. In… Continue reading How to price your NFTs
Everything you need to know about DAOs
From high-profile art collecting funds to ambitious artist collectives, the world is abuzz with talk of decentralized autonomous organizations—or member-owned communities made possible by blockchain technology. For the uninitiated, a DAO is exactly what it sounds like: a group of people operating in service of a common goal without a centralized authority, such as a… Continue reading Everything you need to know about DAOs
Diving into the history of digital art
In 1985, Andy Warhol received an Amiga 1000 home computer, created by Commodore. At the launch, he was joined on stage by Debbie Harry and proceeded to draw her portrait using the then-new ProPaint software. He went on to create several digital drawings with the computer, including a Campbell’s soup can, but many of them… Continue reading Diving into the history of digital art
The 500px guide to understanding NFT and crypto buzzwords
As you might have heard, “NFT” was chosen as Collins Dictionary’s Word of the Year for 2021. The abbreviation for “non-fungible token,” a new kind of digital asset, has exploded in popularity, with everyone from blue-chip auction houses to emerging photographers talking about the next frontier for art in the age of the internet. Within… Continue reading The 500px guide to understanding NFT and crypto buzzwords
Why it’s time to start collecting NFTs and how to get started
From Eric Young, who’s invested more than $1 million in NFTs, to Colborn Bell, who estimates he’s spent approximately $400,000, NFT collectors have taken the art world by storm. In recent months, Young famously resold three of his pieces, including two by Mad Dog Jones; initially purchased for $700 for both, he later sold those… Continue reading Why it’s time to start collecting NFTs and how to get started
NFTs, crypto, and what they mean for commercial Licensing
This fall, Sotheby’s made waves by announcing the launch of its NFT marketplace, Metaverse, with the storied auction house planning a landmark biannual auction called Natively Digital. This move followed a string of high-profile NFT sales that shook up the art world—and attracted the interest of photographers and photography collectors around the world. NFTs have… Continue reading NFTs, crypto, and what they mean for commercial Licensing