Why are Creators and Collectors choosing to Burn their NFTs?
"A world that was once about innovation, creativity, and community suddenly had its values overshadowed by greed, deception, and short-term thinking." Slimesunday
Richelle Steyn
Founder of Art Stoke Commons — where resistance art meets systems change. Blending creativity with code, I explore how decentralised frameworks and cultural production can shape new economies rooted in meaning, dignity, and social impact. Art is my activism, Web3 is my toolkit, and disruption is part of the design.
Pak’s NFT “The Merge” has the Potential to Revolutionise the Art World
"The Merge" project was successful because it was able to tap into a global community of people who were interested in participating in an experiment to create a unique and decentralized work of art. This is a new type of collaborative crowdfunding that has the potential to revolutionize the way art is created, owned and funded.
Security (Fungible) Tokens vs NFTs (Non-Fungible Tokens)
Security tokens (fungible) represent ownership in real-world assets and are subject to securities regulations, while NFTs represent ownership of unique digital assets and used in various creative and entertainment-related applications.
Why do People Collect NFTs?
People have varying motivations for collecting NFTs. Some may see the value in owning digital assets, while others may prefer traditional physical collectibles. As the NFT space continues to evolve, ongoing research will shed more light on the intricacies of NFT collecting behavior and motivations.
The difference between Crypto Coins and Tokens
Coins and tokens are both terms used in the cryptocurrency and blockchain space, but they refer to different types of digital assets with distinct technical characteristics. In summary, coins are native currencies of their respective blockchains, while tokens are digital assets built on existing blockchains using smart contracts and can represent a wide range of assets and utilities.
The Top-selling NFT Artists in South Africa
These are just a few of the many talented South African artists who are creating NFTs. The NFT market is still in its early stages, but it is growing rapidly, and South African artists are well-positioned to succeed in this new space.
What happened to Invictus Capital, their NFT Lab and CEO Daniel Schwartzkopff?
In April 2022, just after the Out Of Africa NFT Collection was auctioned on OpenSea, the founder and CEO of Invictus Capital, Daniel Schwartzkopff was forced to tender his resignation during an Invictus board meeting. Invictus Capital is a regulated…
The South African “Out of Africa NFT Collection”
The Out of Africa NFT collection was a groundbreaking project that has changed the way that African art is seen and appreciated around the world. The collection is a testament to the talent of African artists, and it is a powerful example of how NFTs can be used to support African communities.
Who bought Beeple’s NFT artwork “Everydays” ($69.3m)?
The buyer of Beeple’s NFT artwork “Everydays: The First 5000 Days” was Vignesh Sundaresan, a cryptocurrency investor and the founder of the Metapurse NFT project. The artwork was purchased for $69.3 million at Christie’s in March 2021, making it the…
Generative Art, On and Off the Blockchain
Generative blockchain art often engages a new audience of collectors who are interested in owning unique digital items with verifiable scarcity. The NFT ecosystem fosters a sense of community among artists, collectors, and enthusiasts, with interactions often taking place on social media and blockchain platforms.