Museum of Crypto Art Purchased Pak’s “Red” for 29.1262 Eth
Recently I presented the perspective that current segmentation of NFT-related businesses tends to overlook the dominant presence of art and design which arguably undervalues the cryptoart market. Regardless of your take on such things, such models are an important element of how cryptoart is valued as an asset class.
Which models will be taken up as more investors and speculators enter the scene may well be dependent on moves by already established forces outside the cryptoart scene. However, for the moment, the most relevant work is being conducted by insider analysts and the artists themselves.
Previously on CryptoArt News
A Newbie Collector’s View
As more collectors enter the space, considering their experiences and early impressions will help in developing a more approachable and understandable cryptoart market:
I just paid $100+ for a piece of digital art.
— ctramount (@ctramount) July 24, 2020
CV VC Global Report: Blockchain in Art
CoinTelegraph is helping promote a sneak peek of an upcoming report from “Big Four auditor PwC and Swiss blockchain investment firm CV VC” on companies and trends developing uses of blockchain in the artworld.
The full CV VC Global Report: Blockchain in Art “will be published in the upcoming weeks” and will be discussed in a livestreamed event on August 12th.
Here’s the Sneak Peek.
NFT Fractions: New Ways to Collect and Speculate
Fractional NFT Ownership Heats Up – Niftex Shards Skyrocket
Can Performance Art Be Collected As NFTs?
Performance art is typically collected in the form of documentation and physical objects created during performances. Some artists and collectors, as well as museums, are exploring the collection of the reproduction rights of performances and that has led to experiments with licensing and contracts.
Perhaps the creative approach taken in the distribution of HOW ARE WE can serve as a starting point for addressing the collection of performance art with NFTs.
The Value of a Pixel
Hazmus shared thoughts and gathered responses:
$WHALE: Experiments in Valuation
CryptoArt Valuation Tools
Blockchaingamer’s Analytics database is a new tool for comparing NFT assets.
NonFungibles’ NFT Market Overview is a key resource.
Media Coverage of the CryptoArt and NFT Markets
NFT token sales hit $100 million as virtual economy booms
NEDEROB / Play to Earn:
Five Major Trends in the NFT Market in 2020 So Far
Future Tech Rumors:
‘Digital Art’ Framed And Collected On Blockchain
Yield Farming Expands From Finance to Digital Collectibles