NFT Art Weekly

Digital show “Invisible Cities” features new NFT art that ranges from utopian cityscapes to sci-fi urban environments

The digital exhibition presents a world of potential, as viewers coast through these imagined cyberspaces, which oscillate between fact and fantasy. Comprising ten newly commissioned unique digital pieces by Fabio Giampietro, Jenisu, Elise Swopes, Karisman, Dangiuz, Kldpxl, Gutty Kreum, Mari K, Annibale Siconolfi, and Nate Mohler, the show presents a multifaceted global response to Calvino’s framework.

Kate Moss Ventures into the NFT Art Market

At the end of last week, it was announced that the top model will be venturing into the realm of non-fungible tokens, known as NFTs, by auctioning off her own series of digital works. As the latest form of cryptocurrency to go mainstream, NFTs have become the topic of conversation within just about every community, and with Moss positioned at the intersection of both luxury fashion and art, she is putting her own unique spin on the trend. Taking the concept of owning and trading digital assets to the next level, the supermodel is working with art collective MITNFT to give customers a chance to purchase limited-edition videos offering glimpses into some of her most intimate moments.

Artworks by the anonymous digital artist Pak sold for $2.8 million

In an NFT auction that was devoid of drama until its final hour, two artworks by the anonymous digital artist Pak sold for $2.8 million on Wednesday on the online marketplace Nifty Gateway. The works were part of a multifaceted sale in partnership with the auction house Sotheby’s, which drew $16.8 million in total. To date, NFTs have been attached to a tweet that sold for $2.9 million, NBA-licensed clips of Lebron James that sold for $208,000, and a 96-year-old painting that sold for about $40,000. Most famously, a digital mosaic by the artist Beeple sold for $69.3 million at Christie’s last month. By that comparison, the Pak sale largely underdelivered, yet it still represents a dazzling valuation for artworks that didn’t exist just two weeks ago.

Edward Snowden NFT sells for more than $5.4 million

NSA whistleblower Edward Snowden’s NFT sold for about $5.4 million, or 2,224 ETH. The NFT is of an artwork that shows an image of Snowden’s face made from pages of a US appeals court decision that ruled the mass surveillance program Snowden exposed had violated US law. The image is called “Stay Free.” The profits won’t go to America’s most famous exiled whistleblower, however. Instead, the sale is meant to benefit the Freedom of the Press Foundation, where Snowden is the president. Its board includes actor John Cusack, whistleblower Daniel Ellsberg, and the writer Glenn Greenwald.

RubiX Set to Hold NFT Art Auctions Full of “World’s Firsts”

RubiX Network Inc, announces a pair of NFT auctions that will feature several technology advancements that have never been done in NFT auctions.

The auctions will feature several world’s first achievements in NFT technology, including:

Largest NFT Sold To-Date: The Funnybean NFT collage is sized at over 432M bytes, setting the record as the largest NFT to be sold to-date, breaking the previous record by 135%. Unlike previous NFTs like that of Beeple, RubiX is the first-to-market with an NFT that maintains the highest quality of resolution within the images.

On-chain NFTs: The digital assets used for a RubiX NFT are stored on the RubiX blockchain, not on a centralized server. This means ownership of the digital asset can’t be accessed by other parties and satisfies the condition of true ownership of the asset. In off-chain NFTs, the owner simply has a certificate of the digital asset.

Digital ID for NFT: NFT ownership is backed by RubiX’s proprietary patented technology and is associated with the user’s Passwordless Digital Identity allowing NFT access using biometric authentication and preventing the loss of keys.

HiDE (High Density Embedding) Technology: RubiX is incorporating proprietary HiDE Technology by Hi Density Image Embedding to make forgery of the digital asset impossible, so buyers can be sure that their digital asset can’t be copied.

Physically-Backed NFT: The RubiX auction of works by artist Kanthraj N will be the world’s first auction featuring both original artwork and a corresponding digital asset. Ownership will be transferred from the artist’s DID to the high bidder’s DID.

NFT Digital Rights Management (DRM): Every NFT on the RubiX blockchain is enabled with the DRM (Digital Rights Management Keys), meaning the owner of the NFT is able to sell, rent or license the NFT for monetization.

Zero Carbon Emission NFTs: RubiX is also the most sustainable and eco-friendly blockchain in the market today. It is the first and only technology to require zero carbon emissions for the creation, transfer and mining of NFTs. Unlike other blockchains like Ethereum and Bitcoin, RubiX does not require high energy consumption for Proof of Work (PoW) and Proof of Stake (PoS) mining, instead leveraging a sustainable Proof of Harvest (PoH) Consensus Mechanism that leaves a zero carbon footprint.

CryptoPunk art NFTs expected to sell for millions at Christie’s auction

The auction at Christie’s will be for nine Punks currently owned by the creators. The collection is meant to highlight some of the best caricature-like features of the digital characters, such as crazy hair, earrings, and a mohawk. All Punks auctioned have a sub-1000 series number, which is perceived as more valuable, with each serial number completely unique. Christie’s will accept ether cryptocurrency as payment for the bids.