NEWS FROM THE DIGITAL AND NFT WORLD – APRIL 9, 2021
Every day Art Rights Magazine selects the best news from the digital art world to stay up to date!
1) A work of the artist Baranoff Rossiné has become an NFT on Mintable.
On March 25, the work “Abstract Composition” by Ukrainian artist Wladimir Baranoff-Rossiné was auctioned via the Mintable platform. The sale included both the physical work and the NFT consideration.
Zach Burks, CEO of Mintable explained, “As someone who straddles the worlds of art and technology with such finesse, we couldn’t think of anyone better than Baranoff-Rossiné to immortalize with our NFTs.”
2) The art market in NFT fell from $16.7 million to $12.5 million
Data published by Nonfungible.com shows, in the last five days, the drop in sales of NFT works from $16.7 million to $12.5 million. According to the platform, this is all within the norm.
Of the same opinion is Melissa Gilmour, founder of London-based NFT agency Lily & Piper, who says “a drop in value was inevitable,” pointing out that “some works of art are holding their own and I don’t think it’s a permanent decline.”
What then will be the future of Crypto Art?
3) 9 CryptoPunks from LarvaLabs’ collection sold at Christie’s
It’s been three years since Larva Labs, two software developers, started the NFT “CryptoPunks” art project, and now, for the first time, a single lot consisting of 9 punks will take part on May 13 in the evening sale organized by Christie’s New York.
“CryptoPunks are the alpha and omega of the CryptoArt movement,” , explains Noah Davis, Christie’s postwar and contemporary art specialist, “This will be a historic sale.”