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This is the most expensive portrait never sold

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I was shocked to learn recently that a portrait I took almost ten years ago might have an unpaid agreement worth $6,000,000.00 today. I did know the photos would be important, that HE would be important. I could not have known how very right I was.

In January 2014, I took the first professional portraits of Vitalik Buterin, the teen inventor of the world’s second-largest cryptocurrency, Ethereum. I believed strongly that the 19-year-old Vitalik Buterin was altruistic, and you could feel history being made when he spoke. I recall the hairs standing up on my arms and a shiver in my spine.

It’s official: Instagram is becoming a place to mint and sell NFT. Sigh

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Earlier this year, it was announced that Instagram would become an NFT market in addition to being… Well, everything else. It looks like NFTs are here to stay and what’s more, the options to mint and buy them are here to extend, at least on Instagram.

At its Creator Week event this week, Meta confirmed what we’ve heard before: Instagram will soon let users mint and sell their own NFTs directly in the app. The new tool is meant for creators, and Instagram presents it as another way for followers to support creators.

Artist burns $11,2 million worth of artwork after selling it as NFTs

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One may think that NFTs are not all the rage anymore after their massive drop reported earlier this month. But it looks like one may be wrong, at least when it comes to some artists.

After selling his first NFT collection, artist Damien Hirst destroyed the original, physical copies of his artwork. He streamed the event live on Instagram as he burned a thousand of artworks in a controlled environment. And as expected, his performance sparked a lot of reactions.

NFT trading volume drops by a whopping 97% in 2022

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It was only a matter of time: non-fungible tokens or NFTs have seen a massive drop in sales since the beginning of 2022. In only nine months, the NFT sales have dropped by a whopping 97%.

The drop in sales alone isn’t the only problem, nor it came to being on its own. As it turns out, a bunch of NFTs has been fake or stolen and many accounts have been hacked, so it’s no wonder that people are rapidly losing interest and trust in digital collectibles.

NFTs on Instagram are coming to more than 100 countries worldwide

Earlier this year, Instagram started testing non-fungible tokens or NFTs for a limited number of US users. But if you live elsewhere and want to jump on the bandwagon, rejoice! From now on, you can buy and sell NFTs on Instagram in 100 countries in  Africa, Asia-Pacific, the Middle East, and the Americas.

Magnum Photos joins the NFT craze and launches its first collection

Magnum Photos has joined the NFT craze and announced its very first collection. The renowned photoagency celebrates its 75th anniversary this year, and the collection is a part of the celebration. As you can imagine, it contains plenty of incredible photos from Magnum’s archive. And that’s not all – it’s only the first out of three NFT collections planned to be released this year.

Did you know that RED was promoting a 28K resolution cinema camera back in 2008?

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RED has had a pretty… interesting history. With marketing campaigns often filled with a lot of big promises and hype that really failed to deliver, Well, it’s not just a one-off. RED has had a habit of rejecting your reality and substituting their own (I’m being nice) and misleading customers for quite a while now. Not least of which was the claim that they designed and made their own sensors from scratch.

But this interesting video popped up today covering a topic that I don’t remember ever hearing anything about before. In 2008, RED announced their new series of cameras with multiple sensor options including a massive 28K resolution 617 Mysterium Monstro sensor. It’s part of Frame Voyager’s “Abandoned Cameras” series and it’s a fascinating series to spend some time watching!

DeviantArt moves to stop your photos being sold as NFT’s without you knowing

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The online art gallery DeviantArt is expanding its DeviantArt Protect tool in a bid to help artists and photographers figure out if their work has been sold as NFTs without their knowledge.

The software was added to DeviantArt last July 2021 and functions in a similar way to other image match detection programmes like Tin Eye or even Google reverse image search. The Protect software was originally intended to be just used within the site’s own interface and would allow users to see if someone had used their work to create derivative or overly similar artwork. Now it will be expanded to detect stolen works across the blockchains.

You can now buy and sell NFTs even on Instagram

Non-fungible tokens or NFTs still seem to be all the rage. It probably comes as no surprise that Meta wants to be a part of it, so from now on you can buy and sell NFTs on Instagram.

The new feature has been released as a test for some users in the U.S. As Meta CEO Mark Zuckerberg announced, NFTs will become available on Facebook soon, too. This way, creators can offer their work, collectors can buy it, and Instagram gets yet another purpose that’s not photography.

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