Speedy CryptoArt 【Simple to understand!】13 Prominent NFT Art Pieces (Updated September 27, 2021)
◆ The pieces which lead to the NFT boom！
(1) Artist: BEEPLE
Bidding price: 69 million USD (7.5 billion yen including commissions)
Bid date: March 11, 2021
Description: An unsuccessful digital artist posted digital art on Twitter for 5,000 days non-stop.
The prestigious Christie’s (an advanced company in DX) held a two-week auction with 22 million people watching the bidding online on the final day.
It sold for 69 million USD ($7.5 billion including commissions).
This is the third highest bid in history.
The highest ever bid was by Jeff Koons, with the second by David Hockney.
Reference (March 20, 2021)
Crypto art (NFT art) turns contemporary art into a money game! http://spdy.jp/news/s9774/
◆Creating community value
(2) Artists: 70 undisclosed artists (both famous and unknown) from around the world create work using mask motifs.
Bidding price: 420 Ethereum (approximately 69 million yen)
Bid date: February 7, 2021
Martket place: OpenSea
Tokens are used for art naming rights.
They developed a community of collectors (you can’t enter without purchasing tokens; it’s a new kind of online salon) has grown. It’s called the Unicorn Mask Owners Association.
◆ The oldest NFT project (2017)
(3) Artist: Spring 2017, John Watkinson and Matt Hall
By June 2017, 10,000 characters with playful hairstyles, hats, and glasses were created for the emerging Ethereum blockchain event.
Piece: 10,000 items
Bidding price: 332 million USD (approximately 36.5 billion yen) as of August 2021
Average price per cryptopunk is $190,069 (21.9 million yen)
Details: The prices skyrocketed when VISA purchased (49.50 Ethereum = $150,000 = 17 million yen) one of the 10,000 dot art works (Cryptopunk 7610) four years before NFT started booming.
◆AI art created using deep learning
(4) Artist: Sophia – an AI robot
Made in collaboration with Andrea Bonaceto
Piece: Sophia Instantiation
Bid date: March 25, 2021
Bidding price: 688,888 USD (approximately 75 million yen)
Marketplace: Nifty Gateway
Details: Sophia used her built-in camera to process the faces and expression methods in Bonaceto’s work, and used neural networks to complete her own work in her own style.
◆A celebrity started for fun and quit halfway!
(5) Artist: Elon Musk (own of Tesla)
Piece: HODL – A cryptonym for long-term holdings in crypto assets (a few seconds of video featuring the subject spinning)
Bidding price: 1.12 million USD (approximately 120 million yen). Subsequently discontinued
Details: The piece depicts a diamond hand, a bush dog (presumably representing a doughy coin), the moon, and a gold trophy decorated with the letters “HODL,” a cryptic term for a long-term holding in a crypto asset. It spins and sparkles in time with the house music.
In his usual style, Mr. Musk tweeted, “I’m selling this song about NFTs as an NFT.”
◆Making ownership of famous paintings into NFTs
(6) Artist: Pablo Picasso
Piece: The Girl with the Beret (1964)
Bidding price: The painting is worth 3.68 million USD (approximately 400 million yen)
The price at the last sale in 2016 was $2.48 million (270 million yen)
Marketplace: Sygnum, a Swiss bank, and Artemundi, an art investment company, have teamed up. Secondary trading will be conducted on the bank’s digital asset trading platform, SygnEx.
Details: Split ownership shares for the paintings are being offered at $6,000 per share.
The shares will be tokenized and issued via blockchain technology. This will allow a wide range of investors to obtain ownership of the art.
The transactions will be settled in Swiss francs (CHF) using Signum’s native CHF stablecoin, DCHF. Shared ownership of the paintings is recognized under Swiss law.
The actual paintings will not be sold; they will be stored in a high-security facility when they are not on loan to museums for exhibition.
◆Internationally renowned artists experiment with art economic zones using NFTs
(7) The Damien Hirst Currency Project (July 2021)
→8.1 billion yen value as of now (primary (2.5 billion yen) + secondary (5.6 billion yen))
He created 10,000 realistic pieces for the project. This alone is amazing!
He then worked with them both digitally and through analogue methods.
Digitally, the history of each piece of work was completely databased. The number of dots, colors, etc, were recorded.
In analog, he took nine steps to prove that each piece is one of a kind.
The steps include signatures, backing, handmade paper, microdots, embossing, handwritten title, artist watermark, hologram, and watermark of the Hurst logo. Each is unique to the nth degree!
Purchases can be made with either virtual currency or credit cards. Those who purchase with a credit card will receive delivery via NFT, so all purchasers will require a virtual currency account and wallet set up to receive digital delivery.
Purchasers have one year to hold it in digital form (NFT) or they can receive the analog piece. If they choose digital, the analog piece is discarded, and if they choose analog, the digital data is discarded.
You can view buying results on the website at any time. This creates a sense of for the market for this project. This is important.
◆ An 8 year old drew some as a summer vacation project, and they sold!
(8) Artist: Zombie Zoo Keeper
Piece: The first three pieces were sold for 0.006 Ether (about 2,300 yen at the time). (August 25, 2021)
Primary Sale: Purchased by Trevor McFedries, producer of DJ Lil Miquela, who has 3 million followers, for 1.2 Ethereums (equivalent to 520,000 yen).
Secondary distribution: Steve Aoki bought three for 2.4 million yen (800,000 yen per copy) via OpenSea, and it became a hot topic.
◆NFT housing sold for $500,000, and can actually be built!
(9) Piece name: Mars House
Artist: Krista Kim
The music for the clip was composed by Jeff Schroeder of the Smashing Pumpkins.
Purchase price: 288 Ether (55 million yen) 2021/5/16
Buyers receive 3D files in exchange for payment and can upload them to the “metaverse”.
This one was purchased by a resident of Toronto, who received 3D files of NFTs and video clips with music in exchange for ETH.
The buyer can upload it to the metaverse, called Decentraland, and use it as a home for their avatar. The houses, built on a virtual Mars, are apparently mostly made of glass.
Houses are not only available for upload to the buyer’s metaverse, but can also be recreated in the physical world.
According to experts in the real estate market, NFT real estate could boom.
◆ The world’s first VR space created by a VR artist has been sold.
(10) Artist: VR Artist, Aimi Sekiguchi
VR art piece: Alternate dimension – Fantastical magnificence 2021/03/25
Bidding price: Approximately 13 million yen
Aimi Sekiguchi has been presenting VR video works using the Google Tilt Brush since 2016.
◆Takashi Murakami attempts to sell 108 works (the number of Kleshas); falls through
(11) Artist: Takashi Murakami
Piece: Flower #0001-#0108 (108 total)
Created in: 2021/03/30
Bidding price: Canceled while sales were open.
Each piece was a Nintendo-like 24×24 pixel image. 12 were released each day, and the auction started when 108 pieces, each representing a different affliction, was available, but eventually sales were suspended.
They explain, “You are allowed to use the images in games and metaverse services provided by companies affiliated with the author.”
◆ Self-replicating NFT sells for over 400 million yen
(12) Artist: Mad Dog Jones, the digital artist also known as Michah Dowbak
Piece: REPLICATOR – A 52 second video
Market: Phillips, a long-standing English auction house
Bidding price: 3.4 million USD (approximately 370 million yen)
Approximately 4.14 million USD (approximately 450 million yen) including commissions
Details: Visually, it’s a video of a copy machine installed in an office.
The work itself is designed to keep generating new NFTs for about a year.
The self-replication is programmed into the contract, including the timing of replication, ownership rules, the number of generations to be replicated, and a setting to prevent replication beyond a certain number of times. An algorithm was also built into it that requires each new version to have slightly different details from the original for generation. The total amount to be generated is expected to range from 75 to 300.
◆ LOOT – Building a participatory design strategy to expand community
(13) Artist: Loot was created by Dom Hoffman, the founder of Vine.
It started with a tweet from him on August 28, 2021.
Piece name: LOOT
LOOT is text data containing a list of eight random pieces of equipment used in an RPG game. 8,000 of these “bags” were prepared.
“A lot of people wanted something for use in the metaverse, so we wanted to see what would happen in the market if we made it (LOOT) available everywhere for free.”
There was no game called Loot, no story, nothing related to Loot. All there was, was this text data.
The project is an experiment to see how far these nondescript cards with nothing more than words can spread and grow throughout the decentralized community.
What exactly is it?
There are no images on these cards, like traditional NFT would: they only contain text. They intentionally left images and other information out so people who receive the cards can interpret them as they like.
The cards were not all made into NFTs during primaries, just a smart-contract by Dom. If you got one of the pieces you would have to pay for the gas and make it an NFT at your own risk. (They were free.)
It all started with Dom posting a bullet list on his Twitter page titled “LOOT” on the details, with links to Opensea and Etherscan, where the smart-contract was viewable.
His fans took notice, and all 7777 bags that were available at the time were taken almost immediately. Those that remain are in Dom’s possession.
1) Re-selling began immediately
Resells for 46 million USD five days after Drop starts. After that it drops, but auctions off at over 20,000 USD.
2) The contents of Loot were made into images (and even AI got involved!)
They contained the kind of equipment used in RPGs, so images of characters equipped with the items and equipment started being passed around. Some were drawn by people, and some by AI!
Examples of works created by people
Examples from AI
3) Communities arose
People with the same possessions spontaneously began creating their own communities.
For example, one community was created for people who had Divine Robes in their loot. To join their community, you need a Divine Robe and you must connect to your wallet.
This caused them to open up a market to sell cards for those who want to join communities!
For example, the Divine Robe community currently has 100 bags for resale, with a floor price of 14.9Eth. Prices rise all the way up to 39-45Eth at the highest!
4) Synthetic Loot was created
The 8,000 units prepared by Dom are being sold at a high price. But this means that everyday people can no longer participate. This caused Synthetic Loot to appear.
Synthetic Loot is available to anyone who has an Etherum wallet.
5) AGLD (Adventure Gold) tokens for Loot started being issued on September 2
10,000 AGLD were distributed free of charge for each LootBag.
Variation of 1 AGLD
9/2 (issue) = 43.96 yen; 9/3 = soars to 795 yen (this was the market’s highest point). From here, a gradual decline began, resulting in 9/9 = 247.87 yen.
How far will LOOT be expanded by the community? Will a Metaverse be created and remain decentralized? We expect to see answers to these questions.
Until now, it was artists advocating for NFTs. But this experiment has caused a paradigm shift in which the community/users determine the value of NFTs.
(13) アーティスト: Lootを作ったのはVine創業者のドム・ホフマン。
9/2(発行) ＝43.96円 9/3 = 795円に高騰（これが最高） ここから徐々に下がる 9月9日 = 247.87円