Through these blockchain-enabled digital assets, artists can both maintain ownership of their work and gain royalties from sales. Is this the future of contemporary art?
Sales volumes have remained high after NFTs exploded in popularity early this year, with the most expensive selling for a record $69.3 million.
Rumours have been doing the rounds for days that Paraguay will follow suit after El Salvador became the first country to use cryptocurrency.
For Turkey’s nascent blockchain ecosystem to thrive, it will need regulations that do not stifle innovation alongside public-private sector cooperation to secure the country’s digital future.
"Quantum" by Kevin McCoy, a simple geometric animation, is the first known non-fungible token, according to auction house Sotheby's.
Ether, the second-biggest cryptocurrency by market capitalisation after bitcoin, climbed to $4,372.35, eclipsing its previous record hit on Monday, and was last up 2%.
Turkey’s unregulated crypto market has come under closer scrutiny by the government, as it begins to tighten restrictions and float a tax regime.
Cryptocurrency’s protection against inflation has been one of key drivers behind its popularity with the Turkish public.
The article entitled "Buy This Column on the Blockchain" was aimed at trying to test the market as to what sort of items would sell in the form of a "non-fungible token" – a digital object with a certificate of authenticity.
Welcome to the bizarre world of non-fungible tokens (NFTs) – unique digital assets that could reshape how we view copyright and the internet.
Blockchain technology allows digital art items to be publicly authenticated as one-of-a-kind, unlike traditional online objects which can be endlessly reproduced.
Our reliance on technology in isolation altered our relationship to gadgets and our consumption habits, while businesses had to adapt their strategies around new technologies like AI.
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