A scene from the theatre performance “Einstein on the Beach”, premiered in 1976, has now been sold as an NFT for 28 ETH ( approximately 75,000 euros). The special aspect of this is that for the first time a scene of a play, which is normally presented differently and individually on stage each time, is being sold. Instead of being static works of art that derive their value or appeal from their uniqueness, they are theoretically a play that can be performed several times and is always different. Through NFT, this piece is now made individually tradable and thus saleable. A completely new development and use of NFT in the arts and crafts sector.
Tony Hawk, a famous skateboarder, sells his tricks in the form of NFTs in his series “Last Trick”. These are 3D animations of the boards with which he rode the specified trick. The special: Who buys this NFT receives additionally the respective skateboard with signature home. The prices of the NFTs range from 50-20,000 US dollars.
Art on TVs, that could soon be possible. The electronics manufacturer Samsung is working in partnership with Nifty Gateaway, an NFT marketplace, to make it possible for people to display NFTs on their TVs and experience digital art in their own living rooms. The idea is that NFTs can be bought via the marketplace and then be seen as digital art on the TV. The concept works with the remote control and shows the art as the artist conceived it. When you buy an NFT, it not only goes into your wallet, but also onto your TV, and disappears from the marketplace.
The US artist Jeff Koons wants to shoot some of his sculptures onto the moon. They can be bought on Earth as NFT. This is how the digital rights to the sculptures are acquired. Through this action Koons wants to make his art universal and above all global.
The fifteenth Art Dubai now has a digital exhibition for the first time, focusing mainly on crypto and NFTs. The digital galleries created specifically for this purpose at Art Dubai Digital are now also bringing Art Dubai into the digital age. The new section of the show explores the context out of which NFTs, cryptocurrency, video art and virtual reality (VR) have grown since the rise of digital art, Art Dubai says on its site.
In addition to the exhibitions, Art Dubai is also inviting several guest speakers to attend the event, which “will give visitors greater understanding about the rapid growth in digital platforms”, the website adds. NFTs and crypto are thus becoming more and more prevalent in the art world.
It was supposed to be a milestone in the price history of NFTs: 104 CryptoPunks were to be sold as a block on the evening of February 23, 2022. But shortly before the auction was to begin, the lot was withdrawn. The auction was associated with great expectations: the starting price for the 104 punks was 14 million US dollars, and the auction house had expected between 20 and 30 million US dollars as the result.
Reasons for the cancellation were not given. In any case, it seems that the flight of fancy of the simply knitted NFT Art projects has ended for the time being. Here, too, the market is coming of age, and the value criteria of the art market are becoming more and more prevalent. In the future, high-quality NFT art will outshine the prices of the CryptoPunks.