NFT's, they're all anyone can talk about.
And as with CryptoKitties, Andreesen Horowitz and Union Square Ventures are behind a lot of the hype.
From The Verge, March 1:
Including images and short videos set to music
Grimes is the latest artist to get in on the NFT gold rush, selling around $6 million worth of digital artworks after putting them up for auction yesterday.
A series of 10 pieces — some one of a kind, others with thousands of copies — went up for sale on Nifty Gateway on February 28th. The highest-selling piece was a one-of-a-kind video called “Death of the Old” that involves flying cherubs, a cross, a sword, and glowing light that’s set to an original song by Grimes. The winning bidder took it for nearly $389,000.
The bulk of the sales came from two pieces with thousands of copies available that sold for $7,500 each. The works, titled “Earth” and “Mars,” are both short videos featuring their titular planet with a giant cherub over it holding a weapon, also set to original music. Nearly 700 copies were sold for a total of $5.18 million before sales closed....
....MUCH MORE
For more on the A16Z hype machine see: "The Unauthorized Story of Andreessen Horowitz"
We'll give Andy Warhol the (almost) last word. From:
Commercialism As The Last 'ism' in Art:..."
I stole the 'ism' line from dealer Michael Finley's 2012 book The Value of Art.
Just as Duveen hit one of his dealing career high points with Gainsborough's 'Blue Boy' Finley can lay claim to putting together the deal that transferred van Gogh's Portrait of Dr. Gachet....
At least I'll always have my CryptoKitties. Besides being cute as can be, I was told:
CryptoKitties Sales Hit $12 Million, Could be Ethereum’s Killer App After All
