IP Watchdog: Non-Fungible Tokens Force a Copyright Reckoning

IP Watchdog: Non-Fungible Tokens Force a Copyright Reckoning. “The cycle of copyright law trying, and generally failing, to adapt and keep pace with emerging technology has meant copyright stakeholders have been always at a disadvantage because legal enforcement lagged so far behind innovative infringement. But during a year in which vast swaths of life moved online, the internet has forged and driven to prominence a powerful new tool for protecting copyright owners’ unique assets: the non-fungible token (NFT).”

Wired: NFTs and AI Are Unsettling the Very Concept of History

Wired: NFTs and AI Are Unsettling the Very Concept of History. “The archival world is a world of inadequate budgets and financial constraint, filled with underpaid workers and massive, poorly resourced projects like digital preservation, and the challenging task of digitizing analog materials. Will archives be tempted by the potential upside of NFTs and tokenize digital representations of their crown jewels (or the rights to these assets)? This would worsen an already bad situation, where institutions like our Library of Congress hold physical copies of millions of films, TV programs, and recordings that can’t be touched because someone else holds the copyright.”

Spotted via Reddit: ZodiacNFT

Spotted via Reddit: ZodiacNFT. From the About page: “Zodiac is a visual discovery engine for NFTs. Combined with a set of proprietary AI modules, Zodiac enables users to search for and discover the best content on blockchain.” It’s a visual search engine for NFTs. I put in a picture of my mother’s dog and got lots of NFTs of dogs and cats. I put in a Norma Shearer meme and got pictures of Marilyn Monroe.

Kittens, tweets and basketball memories — Mark Cuban’s new online gallery is a showroom for the latest craze: NFTs (Dallas News)

Dallas News: Kittens, tweets and basketball memories — Mark Cuban’s new online gallery is a showroom for the latest craze: NFTs. “Billionaire entrepreneur, Shark Tank investor and Mavericks owner Mark Cuban is once again innovating in the digital space, launching a new kind of online art gallery for creators in Dallas and beyond. He’s created a platform to present non-fungible tokens, or NFTs, the digital assets that have been grabbing headlines since an artist known as Beeple sold one for $69 million at the auction house Christie’s in March.”

Motherboard: People’s Expensive NFTs Keep Vanishing. This Is Why

Motherboard: People’s Expensive NFTs Keep Vanishing. This Is Why. “Last month, Tom Kuennen, a property manager from Ontario, coughed up $500 worth of cryptocurrency for a JPEG of an Elon Musk-themed ‘Moon Ticket’ from DarpaLabs, an anonymous digital art collective. He purchased it through the marketplace OpenSea, one of the largest vendors of so-called non-fungible tokens, or NFTs, in the hopes of reselling it for a profit. ‘It’s like a casino,’ he said in an interview. ‘If it goes up 100 times you resell it, if it doesn’t, well, you don’t tell anyone.’ He never got the chance to find out.”

New York Times: Why Did Someone Pay $560,000 for a Picture of My Column?

If I wanted to I could make ResearchBuzz 100% NFT stories right now. I don’t want to. But I do want to pick out a few here and there. New York Times: Why Did Someone Pay $560,000 for a Picture of My Column?. “When I pitched the idea to my bosses, I thought the stunt might attract a handful of bids from curious Times readers who had spare Ethereum, the cryptocurrency being used for the auction, burning a hole in their digital wallets. Maybe we’d raise a few hundred dollars for charity and explain the complicated process of creating and selling NFTs along the way. I set the auction’s minimum price low — 0.5 Ether, or about $800 — and was nervous I might not get even that much.”

NFT goldrush: A roundup of the strangest nonfungible tokens (CNET)

CNET: NFT goldrush: A roundup of the strangest nonfungible tokens. “Real digital artists are making real money on NFTs. Take Beeple. He’s a digital artist with a huge fanbase, over 1.8 million followers on Instagram. Art he sold as an NFT recently fetched $69 million in a Christie’s auction. That’s insane to you or me, but not to people who frequent Christie’s auctions, who spend $60 million on abstract expressionist paintings. But even if there is a small percentage of NFT sales you can make sense of, there are many more which are absolutely, positively nuts.”

The Verge: The Climate Controversy Swirling Around NFTs

The Verge: The Climate Controversy Swirling Around NFTs. “Individual pieces of crypto art, non-fungible tokens (NFTs), are at least partially responsible for the millions of tons of planet-heating carbon dioxide emissions generated by the cryptocurrencies used to buy and sell them. Some artists — including those who have already benefited from the craze — think it’s a problem that can be easily solved. Others think the proposed solutions are a pipe dream.”

TechCrunch: Memes for sale

TechCrunch: Memes for sale. “The creator of the Nyan Cat, Chris Torres, has organized an informal collection of meme originators — the creators or original popularizers of meme images — into a two-week-long auction of their works. Under the hashtag #memeconomy the creators of memes like Bad Luck Brian, Coughing Cat, Kitty Cat Dance, Scumbag Steve, Twerky Pepe and some others are finally finding a way to monetize the creation of genuine cultural phenomena that have been used freely for decades.”

Washington Post: What is an NFT, and how did an artist called Beeple sell one for $69 million at Christie’s?

Washington Post: What is an NFT, and how did an artist called Beeple sell one for $69 million at Christie’s?. “Using the same principles behind cryptocurrencies such as bitcoin, NFTs allow people to claim ownership over specific digital files, be they songs, videos or static images. Beeple, whose real name is Mike Winkelmann, is the latest beneficiary of a rush into NFTs that’s a side effect of the fast-growing interest in digital currencies and the technology behind them.”

Spotted via Reddit: NFT Hub

Spotted via Reddit (I think) and apparently launching next month: NFT Hub. From the front page: “NFT Hub hosts monthly exhibits that feature the most interesting digital assets. We aim to show a curated collection of NFTs, along with their histories, their owners, and their prices.” Of course, I think the countdown date resolves to April 1st, so this could be crap. If it is I apologize for putting crap on your radar.

PetaPixel: First-Ever Hologram to be Auctioned as Crypto Art Popularity Grows

PetaPixel: First-Ever Hologram to be Auctioned as Crypto Art Popularity Grows. “Hologram company Looking Glass Factory has announced a collaboration with musician Reggie Watts and electronic band Panther Modern to create a hologram crypto art piece to be auctioned through Zora on March 11 called ‘The NonCompliance of Being.’ The crypto art market is exploding, with non-fungible tokens (NFT) becoming a commonplace term. According to Looking Glass Factory, the popularity of the format is a long time coming.”

Reuters: How a 10-second video clip sold for $6.6 million

Reuters: How a 10-second video clip sold for $6.6 million. “The video by digital artist Beeple, whose real name is Mike Winkelmann, was authenticated by blockchain, which serves as a digital signature to certify who owns it and that it is the original work. It’s a new type of digital asset – known as a non-fungible token (NFT) – that has exploded in popularity during the pandemic as enthusiasts and investors scramble to spend enormous sums of money on items that only exist online.”