NFT in art: the relevant projects

The world of NFT meets the world of art, creating digital works of inestimable economic value. The recent phenomenon is also referred to as “crypto art”, which basically refers to the art form based on cryptocurrencies as well as cryptographic art.

In other words, digital or digitized works that are published on a blockchain. Technically, an NFT artwork is content in digital format, uploaded to an exchange platform, which is then recorded on a blockchain.

Although it doesn’t always happen, it often happens that NFT artwork can also be images as JPEG files, as in the case of Beeple’s digital artwork, the most expensive to date. Therefore, nothing ground-breaking.

Well, what’s so special about NFT artwork? These digital works are unique and valuable for two main reasons. First, the fact that crypto art runs on the blockchain system.

This means that each transaction is immutable and therefore cannot be hacked, as is the case with non-art crypto. This is because it does not rely on a single physical device, but on the computers of millions of users.

The second reason is that crypto artworks, in order to be sold, are converted into NFTs. Therefore, precisely because of the inherent and characteristic feature of NFTs, works become indivisible virtual objects that can only have a unique relationship with the work they represent.

These factors make each form of NFT art unique, unrepeatable and personal. Consequently of very high value.

Achille Lauro and NFT art

Last July there were songs Achille Lauro who was the protagonist of crypto art.

In fact, during his concert in Milan, the artist created live NFT artwork exclusively for charity.

The project was conceived by the artist company De Marinis Group, together with students from the BigRock school and in collaboration with PwC Italy. Specifically, “sound-reactive” artwork visible on the stage-led walls was generated through neural networks.

BigRock school students, by listening to Lauro’s five songs, came up with creative concepts that generate digital paintings. These will then be auctioned off as NFT art this autumn in support of the “Comitato Maria Letizia Verga” Association.

Crypto.com and NFT collectibles

Crypto.com was founded as a cryptocurrency exchange in 2016, but in a short time has expanded the range of financial products offered to investors to be present in the entire ecosystem.

Crypto.com has rapidly grown and become increasingly prominent, placing itself in direct competition with Binance, Coinbase and many others.

Notably recently, the Crypto.com exchange has also opened up to NFTs by forming a dedicated sales platform. Crypto.com NFT is accessible from the exchange’s main page, and the operating principle is similar Open sea and Nice gateway.

Available tokens include Serie A League, Aston Martin F1, IIHF World Ice Hockey League, as well as artistic non-fungible tokens specially created by creatives for Crypto.com NFT.

Team Azuki and NFT art

Azuki is a brand of the metaverse built with the community. A collection of 10,000 avatars that provide subscription access to The Garden, a corner of the Internet where art, community and culture come together to create magic.

Specifically, the 10,000 anime characters are depicted in various states of mind and adorned with accessories such as headdresses and weapons. Not long ago, a particularly rare item from the collection was sold for 420 ETH, more than one million US dollars at the time of sale. The cheapest azukis today are worth 11.2 ETH (about $14,000).

Azuki’s NFT art collection is very trendy. So much so that Arthur Cheong, founder of web3 investment firm DeFiance Capital, uses a rare Azuki as his Twitter profile picture, and Hong Kong property magnate billionaire Adrian Cheng also recently bought 101 NFT Azuki.

Blur.io: New NFT Marketplace

Blur.io is a new NFT marketplace that was recently launched on the market.

The marketplace’s target group is aimed at professional NFT collectors, thus also those who want to collect NFT artwork.

Their goal is to build an NFT trading platform to match the current market, which only last April exceeded a volume of $3.5B (in the Ethereum market alone) and provide useful tools for traders, such as a real crypto exchange.

Blur aims to be a completely different marketplace, where tools such as charts and analyzes will be integrated into the platform.

The Frida Kahlo case: the work burned to become NFT art

It happened last June, Martin Mobarakan entrepreneur and art alchemist, burned Frida Kahlo’s Fantasmones Siniestros drawing to turn it into a digital work.

From the ashes, here are 10 thousand non-fungible tokens each worth 3 Ethereum (about 4000 euros).

Although the founder stated that a portion of the sale of these NFTs would go to charity, Mobarak’s gesture understandably created some controversy. Is it really right to burn a valuable work like Frida Kahlo’s to make it NFT art?

The web and even some of Mobarak’s colleagues questioned this, wondering if it was fair that the development of the NFT market even within the field of art could justify the mystification of art itself, understood in the traditional sense.

OneFootball: sports and NFT

The agreement took place between OneFootball, the platform dedicated to the world of football, and Serie A, the main professional football league in Italy. An agreement that will include not only media coverage, but also an excursion into the world of NFT.

This is not the first time the NFT world has approached the world of sports. In fact, other major collaborations had already taken place with the NBA, NHL and many other sports franchises.

The collection was expected on 1 August, while the first collectible pieces were to go on sale on 29.

Another way to link NFTs to the world of collectibles and, consequently, art.

On the one hand, something interesting for football fans, and on the other, for all those looking for truly exclusive NFTs that can attract important and world-renowned franchises.

CryptoPunks: NFTs on the Ethereum Blockchain

CryptoPunks is a collection of NFTs on the Ethereum blockchain. The project was launched in June 2017 by Larva Labs, a team of Canadian software developers Matt Hall and John Watkinson.

The crypto art blockchain project was the inspiration for ERC-721 standard for NFT and, more generally, for the modern crypto-art movement. The latter has since become part of cryptocurrency and decentralized finance.

CryptoPunks are often credited with starting the NFT craze in 2021, along with other early projects including CryptoKitties, Bored Ape Yacht Club, and the aforementioned Beeple sale.

Specifically, there are 10,000 CryptoPunk tokens in the V1 and V2 contracts. Due to their rarity and exclusivity, they sell at higher prices on the open market.

inBeetweeners: bear-shaped NFT art

inBetweeners is an exclusive NFT collection consisting of 10,777 unique objects hand drawn by Gianpiero, a young artist, stored on the Ethereum blockchain. Each inBetweeners is unique and based on a combination of more than 175 random attributes.

inBetweeners spread positivity in real life and in the metaverse. The mission is simple: Make the world a more loving place. The form chosen to convey this message is the bear, an animal that essentially represents gentleness.

Gianpiero’s collection has been no small success, to the point that the inBetweeners project includes the crew of Justin Bieberwho have already collaborated with Gianpiero in many years. And not only that: the project has been driven forward by several national celebrities such as Tony Effe and international as Tom Holland.