NEWS FROM THE DIGITAL AND NFT WORLD – APRIL 2, 2021
Every day, Art Rights Magazine selects the best news from the world of digital art, to stay up to date!
1) Leonardo da Vinci’s Salvator Mundi, the world’s most expensive work of art, will be turned into an NFT
The reason? The author wants to highlight the “age-old injustices” of the art world.
Leonardo’s original painting, before being sold by Christie’s in 2017 for $450 million, was in the possession of a Louisiana sheet metal company, which, unaware of its value, sold it for $10,000 to Old Master dealers.
“My target price is $450 million in Ethereum,” Lewis says, “If it doesn’t sell, I want to at least draw attention to the insane excesses and injustices of the art market where families, who are unaware of the complexities of the art market, sell heirlooms for small change and receive no resale commissions.“
The “Salvator Metaversi” has a peculiar feature, which differentiates it from the original painting: the Salvator Mundi’s left hand clutches a fistful of dollars. The work can be found on the sales platform Opensea.
2) SIAE represents the rights of authors with digital assetsi
The Società Italiana degli Autori ed Editori (SIAE), the copyright collection agency founded in 1882, has reached an important milestone in the project carried out in collaboration with the Algorand platform.
For the first time, copyrights are represented as digital assets: more than 4 million NFTs have been created on the platform, and will be used to represent the rights of the more than 95,000 authors who are members of SIAE.
” SIAE has created an ambitious project, where transparency and simplicity in data management are becoming a new reality for their industry,” said Turing Prize-winning MIT professor Silvio Micali, founder of Algorand.
3) @obeygiaant launches Obey Ideal Power mural, an NFT work of social denunciation
The American artist Shepard Fairey, known by his stage name Obey, is the internationally renowned street artist and illustrator who has recently created a work in NFT of denunciation, entitled Obey Ideal Power Mural. The work explores social issues directly involving the viewer, making him reflect on the negative impacts and social benefits – environmental of different forms of power.
Shepard Fairey has stated that 25% of the proceeds (or a minimum of $25,000) will be donated to Amnesty International, to support human rights.