Free Malaysia Today: Digital art of Hermitage Museum to be sold as NFTs. “Russia’s Hermitage Museum, the largest art collection in the world, announced Tuesday it will sell several masterpieces, including a work of Leonardo da Vinci, in the form of non-fungible tokens (NFT). The Saint Petersburg-based museum in partnership with the Binance NFT marketplace will run the auction starting Tuesday and until Sept 7, the Hermitage said in a statement.”
CNET: What is an NFT? Everything to know about the expensive digital tokens taking over cryptocurrency
CNET: What is an NFT? Everything to know about the expensive digital tokens taking over cryptocurrency. “Nonfungible tokens, or NFTs, are a new kind of collectible that could — or could not — earn you big bucks. NFTs began in 2017 and became the new craze faster than any other cryptocurrency you may have heard of. But you can’t keep NFTs in your dresser drawer, like Pokemon cards, a comic book or paintings. They’re entirely digital and are tied to almost anything — a video highlight, a meme or even a tweet. If this doesn’t make much sense to you, well you’re not alone.”
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. “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. 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.
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.”