NFT Art with Illinois Artists
A work called Nyan Cat by Chris Torres sold for $590,000 recently. It's part of growing interest in digital assets, known as nonfungible tokens, or NFTs, that are generating millions of dollars in sales every day. Chris Torres
Various forms of digital art can be sold as a “non-fungible token," including a GIF of the iconic 10 year old meme, Nyan Cat — this is a cat with a Pop-Tart for its torso flying through space with a rainbow trailing behind it, which recently sold for 300 Etherium, which is worth more than 613-thousand dollars. The Nyan Cat NFTs sold for a lot, but it’s picket change compared to the much hyped, record-breaking sale of an NFT artwork by the artist Beeple. It’s called "Everydays: The First 5000 Days," and it sold for 69 million dollars.
To talk more about NFT sales and how they're transforming the art community, The 21st was joined by an artist and a reporter following art news.
Guests:
Sara Ludy, interdisciplinary artist and composer interested in the nature of immateriality consciousness and virtuality
Shanti Escalante-De Mattei, reporter writing about NFTs for Art News
Prepared for web by Zainab Qureshi
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