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September 13, 2021

I Want My NFT

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["Everydays: The First 5000 Days," by the artist known as Beeple, sold for $69.35 million at a Christie's sale in March, sparking a frenzy for NFT art.]

Read this article from Barron's Penta and see why I want my NFT.

Long story short: "Nonfungible tokens (NFTs) are unique digital works encrypted with an artist's signature that prove authenticity and ownership."

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[An NFT from "Machine Hallucinations: Mars Series," Los Angeles-based media artist Refik Anadol's set of 11 NFTs which sold for $1.5 million this past May.]

The technology has moved beyond art to include unique games, music, iconic moments in sports, and tweets (Jack Dorsey's first tweet, "just setting up my twttr," sold for $2.9 million as an NFT in March).  

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Above, Tom Friedman's "Global Currency," his first NFT, which appears on the cover of the September 2021 issue of PENTA.

From Penta:

"Global Currency"... is made up of superimposed images of all the world's paper money he could find.

Although based on a direct, concrete idea, it almost becomes an ancient image," Friedman said.

A viewer may think they see things in it — faces, numbers, symbols — but in reality, those real images in the currencies have disappeared.

"It has the quality of having some sort of strange history and mystery."

Friedman's NFT is currently on the auction block and will be for 3 more days.

Make a bid here.

Wait a sec — what's that music I'm hearing?

September 13, 2021 at 10:01 AM | Permalink


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