Meta Now Testing the Ability to Mint and Sell NFTs on Instagram
After a disastrous earnings report, Meta’s plans involve doing more of the same. In this case, by leaning further into NFTs and letting creators mint their own on Instagram.
Artists are Burning Their Work for NFTs
The intersection of art and NFTs keeps getting weirder. Painter Damien Hirst has joined other artists and burned 1,000 of his pieces this week, all in the name of non-fungible tokens.
NFT Trading Volume has Fallen 97% Since the Beginning of the Year
NFTs have been in steady decline for months, and new data shows just how bad it has gotten: digital collectibles have basically lost all of their luster and trading volume has collapsed by 97% since the beginning of 2022.
Instagram is Expanding its NFT Features to More Than 100 Countries
Instagram is expanding its non-fungible token (NFT) features to more than 100 countries as well as launching new integrations with Coinbase and Dapper.
Magnum Has Launched its First NFT Collection
As part of the celebration of its 75th anniversary this year, Magnum Photos is launching its first collection of NFTs. The agency will start with three selections and will slowly release the full 75 image lot through the year.
Viewbug Partners with MetaFrames to Enable NFT Minting and Licensing
Photo sharing platform Viewbug has announced that it is partnering with MetaFrames to allow its users to create, mint, and license photos on the platform as NFTs.
AP Cancels NFT Sale Amid Criticisms it Would Be Profiting From Suffering
After significant backlash, the Associated Press pulled plans to offer a video of a boat overcrowded with migrants as an NFT. The situation has called into question the ethics of selling photojournalism at all.
NFT Marketplace Halts Most Trading Due to Widespread Fraud
Cent, the NFT marketplace most well known for selling an NFT of Jack Dorsey's first tweet for $2.9 million, has halted most transactions due to widespread fraud.
Over 80% of NFTs Minted for Free on OpenSea Were Fake or Stolen
OpenSea, one of the largest marketplaces for non-fungible tokens (NFTs), recently put a cap on the number of NFTs that could be minted for free. It was removed after an outcry, but OpenSea revealed that it was added due to massive amounts of misuse.
The Associated Press to Launch an NFT Photography Marketplace
The Associated Press (AP) has announced that it will soon launch a non-fungible token (NFT) marketplace where "collectors" can purchase selections from its modern and historic library of photojournalism.
As Theft Thrives, Artists Say OpenSea Does Little to Protect Copyrights
Some artists are reporting major issues with OpenSea, one of the largest non-fungible token (NFT) marketplaces. They say the company has an overly arduous process to report stolen art and is too slow to act once a complaint is filed.
Photoshop to Add ‘Prepare as NFT’ to Save Options
Adobe's Scott Belsky confirmed that the company will be adding a "Prepare as NFT" save option to Photoshop as a preview "by the end of the month." The goal is to prevent the minting of art by those who didn't create it.
Historic Australian Photo Print Archive to be Auctioned Along with NFTs
Advertised as a world's first, an Australian auction house has announced the sale of "Australia's most significant photographic collection," which will be accompanied by NFTs that will provide proof of ownership alongside the physical negatives.
The Hidden Costs of NFTs: Ecological Impact and Unpredictable Volatility
If you are reading this, chances are you’re aware of NFTs -- non-fungible tokens that are bought, sold, and traded on a digital ledger known as the blockchain. But what are their costs, risks, and side effects?
How to Mint an NFT: The Photographer’s Guide
The NFT craze from earlier this year isn’t going away -- but perhaps has become even more mainstream in the last three months. It’s hard to name a celebrity, artist, or athlete who hasn’t cashed in on the explosive popularity of NFTs.
AP is Auctioning 10 NFTs of ‘Artistic Representations’ of Iconic Photos
Associated Press (AP) will auction 10 non-fungible tokens (NFT) to celebrate its "iconic photojournalism" over the past 175 years. The NFTs are artistic representations of notable, iconic photographs and will be available on the blockchain for the first time.
Playboy Enters the NFT Market, Plans to Sell Art and Support Creators
Lifestyle and entertainment giant, Playboy, is entering the non-fungible token (NFT) market with plans to sell its extensive art collection and to support emerging artists.
Why NFTs (Probably) Won’t Make You Money in the Long Run
Over the last few weeks, it seems like the world wide web has been swamped with both explainers and critiques of Non-Fungible Tokens, or NFTs. It’s a pyramid scheme! It’s the next thing in Fine Art! It’s an ecological disaster! I am making so much money!
What is an NFT and Why Should Photographers Care?
Seemingly overnight, NFTs became the hottest acronym on social media and in headlines. On Thursday, a single JPG file created by Mike Winkelmann, also known as Beeple, sold in an online auction for $69.3 million. It was the first digital-only art sale for auction house Christie’s, meaning there was no physical copy involved.
A Purely Digital Art Collection is Currently Bidding for Over $3 Million
A collection of images by digital artist Beeple called "The First 5000 Days" is currently up for auction. It is the first fully-digital set of art pieces protected with a unique non-fungible token (NFT) that guarantees its authenticity and is currently bidding for $3 million.