• 9964432222
  • Mail Us
  • Appointment
  • Locate Us
  • Chat Now
  • Courses
  • Login
  • Register
Manifest IAS
JournalsOfIndia
Manifest Learning Academy
  • Home
  • SNIPPETSfor Prelims
  • ARTICLESfor Mains
  • BROWSEBY SOURCE
  • DOWNLOADS
No Result
View All Result
  • Home
  • SNIPPETSfor Prelims
  • ARTICLESfor Mains
  • BROWSEBY SOURCE
  • DOWNLOADS
No Result
View All Result
JournalsOfIndia
No Result
View All Result
Home Economy

Blockchain Art

March 5, 2021
in Economy
Reading Time: 2 mins read
0
Blockchain Art
241
VIEWS
Share on WhatsAppShare on TelegramShare on Facebook
image_pdfMake PDF

In News: American artist Mike Winkelmann’s work at a Christie’s online auction is taking place from February 25 to March 11,This is also the first time a major auction house will accept cryptocurrency as a form of payment.

The work on sale

  • Known for creating wide-ranging digital art, Winkelmann’s Everydays: The First 5000 Days is a collage of images taken everyday since 2007, for 5,000 days straight. Providing a glimpse into the artist’s creative journey, the bidding starts at $100, and the auction house has listed the estimate for the work as “unknown”.
  • Better known as Beeple, the artist has previously sold his works on blockchain-backed marketplaces. In December 2020, for instance, his work The Complete MF Collection, consisting of 20 pieces, fetched $3.5 million.

Rising popularity of Blockchain Art

  • The blockchain art movement includes a vast gambit, from bitcoin graffiti art to artworks such as The Last Bitcoin Supper by French artist Youl, which sold for nearly $3,000 on eBay in 2014. 
  • Several digital marketplaces such as Zora, SuperRare, Foundation and Nifty Gateway have emerged in the last few years, where collectors can trade digital works.
  • According to news reports, the total value of the crypto art market today has reached $80 million, with over 60,000 artworks sold so far. 
  • While Beeple is estimated to have sold artwork worth over $7 million, other popular digital artists include Pak, Trevor Jones and José Delbo.

How are the transactions made?

  • Non-fungible tokens (NFTs) are digital tokens tied to an artwork using blockchain technology, including details regarding provenance and authenticity of artwork. Blockchain introduces what is termed as “digital scarcity”, involving issuing a limited number of copies of an artwork with a unique token (a unique string of numbers that can be used as a digital representation of a physical asset). 
  • Everydays: The First 5000 Days will be transferred directly from Beeple to the buyer, accompanied by a unique NFT encrypted with the artist’s signature.
image_pdfMake PDF
Source: Indian Express
Tags: News PaperPrelims

Related Posts

World Economic Situation & Prospects report-2023

World Economic Situation & Prospects report-2023

February 3, 2023
What is a Unity mall?

What is a Unity mall?

February 2, 2023
High Net worth Individuals (HNIs)

High Net worth Individuals (HNIs)

February 2, 2023
SUMMARY OF THE INDIAN ECONOMIC SURVEY 2022-23

SUMMARY OF THE INDIAN ECONOMIC SURVEY 2022-23

February 1, 2023
XR Startup Program

XR Startup Program

January 31, 2023
What is short selling?

What is short selling?

January 28, 2023
The trade-plus-one(T+1) settlement plan

The trade-plus-one(T+1) settlement plan

January 27, 2023
SEBI’s information database on municipal bonds

SEBI’s information database on municipal bonds

January 25, 2023
Caller Name Presentation (CNAP) proposal by TRAI

Caller Name Presentation (CNAP) proposal by TRAI

January 20, 2023
Oxfam Report -‘Survival of the Richest’

Oxfam Report -‘Survival of the Richest’

January 19, 2023
Please login to join discussion

Our Offline Classroom Student

CONGRATULATIONS TO 2021 TOPPERS !!!

Rank 171 Kumar Shivashish
Rank 250 Sahithya
Rank 263 Sumit Kumar Thakur
Rank 311 Deepak Ramachandra Shet
Rank 455 Ravinandan B M

February 2023
MTWTFSS
 12345
6789101112
13141516171819
20212223242526
2728 
« Jan    

Browse by Category

  • Agriculture
  • Disaster Management
  • Economy
  • Environment
  • Ethics
  • Foreign Affairs
  • Geography
  • Governance
  • History
  • Law & Policy
  • Opinion
  • People in News
  • Places in News
  • Science & Tech
  • Security
  • Society
  • Sports
  • Uncategorized

Browse by Tags

AIR All India Radio BBC Business Line Business Standard dow Down to Earth DownToEarth DTE Economic Times ET FAO Financial Express GS-1 GS-2 GS-3 GS-4 Hindustan Times IE India & the world Indian express Indiatoday India today Kurukshetra Livelihoods portal LiveMint Mains News News Paper Newspaper PIB Prelims PRS India RSTV Science Reporter Survey The Hindu The India Express The Indian Express The Print the wire Times of India TOI TOPPERS Yojana
JournalsOfIndia

Our vision is to orient the readers to grasp the facts objectively and analyse critically. In the rush of reaching first to the readers, the websites miss the balanced opinion, which is the need of the hour. We aim to reach the readers with more crispness, preciseness and relevance. We bring the articles in UPSC way for the civil services aspirants and the Wisest Way for general readers.

Categories

  • Agriculture
  • Disaster Management
  • Economy
  • Environment
  • Ethics
  • Foreign Affairs
  • Geography
  • Governance
  • History
  • Law & Policy
  • Opinion
  • People in News
  • Places in News
  • Science & Tech
  • Security
  • Society
  • Sports
  • Uncategorized

Browse by Tag

AIR All India Radio BBC Business Line Business Standard dow Down to Earth DownToEarth DTE Economic Times ET FAO Financial Express GS-1 GS-2 GS-3 GS-4 Hindustan Times IE India & the world Indian express Indiatoday India today Kurukshetra Livelihoods portal LiveMint Mains News News Paper Newspaper PIB Prelims PRS India RSTV Science Reporter Survey The Hindu The India Express The Indian Express The Print the wire Times of India TOI TOPPERS Yojana

Newsletter

The most important UPSC news and events of the day.

Get Journals daily newsletter on your inbox.

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

  • Login
  • Sign Up
  • Home
  • SNIPPETS
  • ARTICLES
  • BROWSE
  • DOWNLOADS
No Result
View All Result

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In