NFT's, or non-fungible tokens, have recently become popular blockchain assets that crypto enthusiasts around the world are paying top dollar for.
If you're unfamiliar with what an NFT is, HYPEBEAST wrote an in-depth explainer on the topic earlier this month. But in short, NFTs are digital tokens that exist on a blockchain and are unique and cannot be replicated. They are used to prove scarcity and ownership of a digital asset, and are becoming increasingly popular in the art, music and gaming worlds.
HYPEBEAST has rounded up the top NFT stories of the week so you can stay in-the-know about the latest crypto-craze:
1. Mike Shinoda spoke to HYPEBEAST about how NFTs are shaping the future of creative ownership
Shinoda, the creative force behind Linkin Park and Fort Minor, recently released his song "Happy Endings" as an NFT. He explained what draws him to NFTs and shares ways for the online community to participate.
2. Christie's gave out free NFTs in 2018 that turned out to be worth thousands of dollars
Famed auction house Christie’s distributed the early NFTs as gifts to attendants of their 2018 Art+Tech Summit. Within the last few months, several of the NFTs sold for thousands of dollars on digital art marketplace SuperRare.
3. Superchief opens its first NFT Art gallery
Superchief Gallery opened a new location in New York this week that claims to be the "world’s first physical exhibition space dedicated solely to NFT artwork." The gallery's inaugural exhibition is called Season One Starter Pack.
4. Sophia the robot sold a hand-painted self portrait as an NFT for nearly $700,000 USD
The humanoid robot's portrait-turned-NFT is called Sophia Instantiation. Following the sale, the buyer tweeted that they "have goosebumps."
5. Shepard Fairey debuted his NFT artwork, with proceeds going towards Amnesty International
As part of Versiart‘s 10×10 auction, he will be selling an NFT of his OBEY Ideal Power Mural through the platform’s Fair Trade Art certificate. The sale launches on March 29 at 1:00 p.m. EDT.
Click here to view full gallery at HYPEBEAST
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