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Sotheby’s is making moves. The same fine art auction house behind several recent major nonfungible token (NFT) sales has just made the Met Breuer’s old Madison Avenue building its home, and on July 26, it’s launching an on-chain Gen Art Program powered by generative art platform Art Blocks. A sale of NFTs by early algorithmic artmaker Vera Molnár will christen the program. She worked with artist and coder Martin Grasser to produce Themes and Variations, the sale’s series of 500 unique generative artworks. Altogether, it “expresses the seamless integration of letters as pure abstract forms,” a release says, “as well…

Exchange.art, the popular Solana-based digital art marketplace, is soon taking its platform multichain and integrating support for Ethereum. The integration will go live on August 1 with more than 80 Ethereum-based artists including Sotheby’s “Glitch Art” sale artist Patrick Amadon and creator Amber Vittoria. According to data from analytics platform CryptoSlam!, Ethereum’s non-fungible token (NFT) trading volume takes first place at $10.2 million in the past 24 hours, while Solana trails behind in second place with just over $920,000. Larisa Barbu, COO of Exchange.art told CoinDesk that Exchange.art always had the plan to expand beyond Solana, and aims to onboarding…

Sky Mavis, the Vietnam-based firm behind breakout play-to-earn title Axie Infinity, announced on Tuesday a partnership with the CyberKongz non-fungible token (NFT) project to introduce a profile picture collection to the Ronin blockchain for the first time. Disclaimer: This interview was conducted by Yehudah Petscher, the NFT Strategist at Forkast Labs. Petscher has a fraternal relationship with one of the interviewees in this video, known as ‘Henry the Grape. See related article: New NFT Project makes it big; XRP & BTC pull up crypto Fast facts Sky Mavis, the operator of Ethereum-linked gaming sidechain Ronin, said in a press release…

Risks associated with NFT mystery boxes The risks of NFT mystery boxes include uncertain value, the potential for counterfeit or low-quality NFTs, market volatility, scams, and a lack of control and transparency. Uncertainty over the value of the contents is the primary risk connected to NFT mystery boxes. That said, there is a possibility that the contents of the box may not live up to expectations or have the desired value. Another risk is the availability of subpar or fake NFTs, as con artists may use some NFT sites’ anonymity to their advantage. To prevent obtaining false or low-quality assets,…

The total royalties paid out to NFT projects on Ethereum have reached 699,816 ETH, which is roughly $1.29 billion. Deranzxc, an analyst for on-chain analytics firm Nansen, shared his in-depth on-chain research into NFT royalties and other trends in the broader NFT market. Nansen took to Twitter earlier to share the results of deranzxc’s on-chain research, which revealed that 699,816 ETH had been disbursed to NFT artists as royalties. According to Nansen, the conversion rate takes into account the price of Ether at the time of the NFTs’ sale, which values the lifetime royalties at a whopping $1.8 billion. Of…

This unprecedented initiative, developed in partnership with SaaSy Labs, a leading blockchain-based legal contract solutions developer, promises to revolutionize the NFT space with its on-chain record and identification functionalities, including BAYC authenticity verification. The official announcement made by BAYC on their Twitter account introduced the world to this game-changing platform. By leveraging the capabilities of Made by Apes, NFT creators and users alike can now effortlessly obtain licenses via the application page. “We’re proud to introduce this first-of-its-kind on-chain licensing for a club full of builders, done in partnership with SaaSy Labs,” the announcement stated with enthusiasm. With the launch…

A collection of NFTs commemorating the 100th birthday of iconic comic book writer Stan Lee was met with overwhelming demand, selling out in record time. The sale, managed by Kartoon Studios, featured over 8,000 digital collectibles, generating an impressive $120,000 in revenue for the studio.Celebrating the Comic Legend Stan LeeStan Lee, renowned for co-creating beloved superheroes like Spiderman, the Hulk, and Iron Man, commands a massive fan following. This dedicated fan base played a significant role in the collection’s rapid sell-out. The NFTs offered in the collection saw their prices surge, with some skyrocketing up to five times their initial value.…

Bybit has announced the launch of the Velocity Series, an innovative fusion of art, racing, and technology. The collaboration sees Bybit, Oracle Red Bull Racing, and an impressive lineup of digital artists joining forces to create unique digital collectibles inspired by the telemetry and racing data from the F1 dominating RB19 car.The Velocity Series marks the debut collaboration between a Formula 1 team and renowned digital artists, widely praised for their talent and success. Among these artists is Dutch artist Rik Oostenbroek, known for his dynamic shapes and abstract forms that traverse a multi-disciplinary spectrum.The Velocity Series and Exclusive PassUnder…

Symington Family Estates’ distinguished port brand, Graham’s, is taking a digital leap in the world of fine wines. The esteemed company recently announced its first venture into the realm of NFTs, choosing to accompany the release of 50 limited-edition cases of its 1970 Vintage Port and the exclusive Graham’s 2020 Bicentenary Edition Vintage Port with unique digital assets.The Unique NFT BenefitsThe cases, each containing a 1970 and 2020 Vintage Port, commemorate five decades of the Symington family’s dedicated management of the Graham’s brand. However, these cases offer more than just wines – they provide unique benefits to their owners via…

Boss Fighters announced an NFT migration, moving their Rowdies collection to the Polygon network. As extra incentive to migrate, they are raffling off a VR headset for everyone who transfers their Rowdies NFTs before July 28th! Boss Fighters has decided to migrate to the Polygon blockchain. Specifically, Open Loot who will handle the marketplace for Boss Fighters NFTs and also NFT mints (at least that seems to be what they are saying). Boss Fighters currently only has one collection (though an alpha mint is coming soon!), the Rowdies collection. If you don’t already own a Rowdies NFT, you can pick…