CKA/Shutterstock
We need to think about legislation and regulation when it comes to transactions, data protection and user interaction in the metaverse.
In the metaverse, your avatar, the clothes it wears and the things it carries belong to you thanks to blockchain.
Duncan Rawlinson - Duncan.co/Flickr
For the metaverse to work, people need to own their virtual bodies and possessions and be able to spend money. The same cryptographic technology behind bitcoin will make that possible.
A bitcoin symbol is seen on an LED screen during the closing ceremony of a gathering of cryptocurrency investors in Santa Maria Mizata, El Salvador, in November 2021. President Nayib Bukele announced his government is building an oceanside Bitcoin City.
(AP Photo/Salvador Melendez)
The market for cryptocurrencies has expanded dramatically in the last year. With this uptick of activity, what’s next in 2022 for cryptocurrencies?
A woman looks at a non-fungible token digital art display in New York City in September 2021.
Timothy A. Clary/AFP via Getty Images
The people in charge of museums may lack the requisite expertise to manage non-fungible tokens, and the upside is far from guaranteed.
Welcome to the world of digital property.
CreatorsTempe
There’s a difference between owning property and owning the copyright in that property.
Larry, a chimp formerly used in medical research, now resides at the Save the Chimps sanctuary which offers painting as an enrichment activity.
(Jo-Anne McArthur/We Animals Media)
Art such as the ‘Primal Expressions’ series created by chimpanzees continues to raise important questions about creative instincts in non-human animals.
Welcome to the latest craze in gaming.
ira Lichi
If you haven’t heard of Axies yet, it’s probably about time.
Hirst Lord of the Treasury.
Marusya Chaika
Make 10,000 sheets of coloured dots and give them each a corresponding NFT, and what do you have?
Homes fit for zeroes (and ones).
Julien Tromeur
Where some see a bubble waiting to burst, others see a reinvention of the way we handle ownership of assets.
Nike ad in New York in 2018, showing former San Francisco 49ers quarterback Colin Kaepernick after his 2016 kneeling protest. Could a corporation sell an act like Kaepernick’s ‘kneel’ as an NFT?
(AP Photo/Mark Lennihan)
When we see the high prices some are paying for NFT art, we must assume more performances, and potentially, acts of protest, could circulate as NFTs.
George Chairborn/Shutterstock
NFTs don’t even exist in the real world, but the market around them has a big effect on the planet.
NFTs can be used to prove who created and who owns digital items like these images by the artist Beeple shown at an exhibition in Beijing.
Nicolas Asfouri/AFP via Getty Images
NFTs are made the same way as crypto coins, but where every crypto coin is like every other, each NFT is a unique digital item – from images to sound files to text.
Since so much our social lives are lived online, maybe it makes sense for our art collections to reside online, too.
Ihor Melnyk via Getty Images
If you look at the reasons people buy art, almost none of them have to do with the physical work.
The Banksy print that was burnt.
Flickr/eddiedangerous
A blockchain company has bought a piece of Banksy artwork worth US$95,000 and burnt it.
Still from ‘Mars’ by Grimes x Mac.
Grimes x Mac
The digital tokens are a way to create scarcity and an aura of authenticity in an online world of infinite copying, pasting and remixing.
Everydays: The First 5000 Days.
Beeple
To quote the artist: ‘bruh… this crypto space seems super interesting though and i see a ton of potential to do some weird shit nobody has done yet.’