The work that started the NFT art boom!

(1)Artist: BEEPLE
Work: “5,000days
Sold Price: $69m (¥7.5bn including commission)
Platoform: Christie’s
Bid Date : March 11, 2021

Description: An unsuccessful digital artist has been uploading digital art on Twitter for 5,000 days without a break.

The prestigious Christie’s (a progressive company in DX) held the auction for two weeks, with 22 million people watching the bidding online on the final day.
It was sold for $69m (¥7.5bn including fees).

This is the third highest price in history.
For the record, Jeff Koons was first and David Hockney was second.

Reference (March 20, 2021 article)
Crypto-art (NFT art) has turned contemporary art into a money game! http://spdy.jp/news/s9774/

◆Create community value

(2) Artists: 70 undisclosed artists from around the world (a mix of famous and unknown) will create works on the theme of masks.
(Total number of employees: 16,384)

Work: “Hashmask
Sold Price : 420 ethereum (about 69 million yen)
Bid date: February 7, 2021
Marketplace : “OpenSea

Contents :
Tokens used for art naming rights
This collector’s own community (you can’t get in without a token of purchase. In a sense, a new salon) has grown. It is called the “Unicorn Mask Owners Association.”

✦ Oldest (2017) NFT project

(3) Artists: John Watkinson and Matt Hall, Spring 2017

By June 2017, 10,000 characters with hairstyles, hats, and glasses were created for the emerging Ethereum blockchain event in play.

Works: 10,000 items

Bid Price :$332 million (approx. 36.5 billion yen) as of August 2021
Average price per cryptopunks $199,069 (21.9 million yen)

Description: One of the 10,000 dots works (Cryptopunk 7610) purchased by VISA (49.50 ethereum = $150,000 = 17 million yen) four years before NFT boomed, soared.

◆Deep learning and AI-drawn art

(4) Artist: AI robot “Sophia
Created in collaboration with Andrea Bonaceto
Work: “Sophia Instantiation

Bid Date : March 25, 2021
Sold Price: $688,888 (approx. 75 million yen)
Marketplace : Nifty Gateway

Description: Sophia used the built-in camera to process the faces and phenotypes of Bonaceto’s artwork, and a neural network to complete her unique style of work.

◆Celebrities did it for fun and quit halfway through!

(5) Artist: Elon Musk, owner of Tesla

Opus: “HODL” crypto asset, a cryptic term indicating long-term holdings (a few seconds of spinning video).
Bidding price : $1,120,000,000 → then the sale was cancelled.

Marketplace :
DESCRIPTION: The work depicts a gold trophy adorned with a diamond hand, a shiba inu (possibly representing a doji coin), the moon, and the word “HODL,” a cryptographic asset and a cryptogram indicating long-term holdings. It spins and sparkles to the accompaniment of house music.

In his usual jocular style, Mask tweeted, “Selling this song about NFT as NFT.

◆NFTing the ownership of famous paintings

(6) Artist: Pablo Picasso
Work: “The Girl with the Beret” produced in 1964

Bidding Price :Painting worth $3.68 million
The last sale in 2016 was priced at $2.48 million ($270 million)

Marketplace : Swiss bank Cygnum + art investment firm Artemundi in partnership. Secondary transactions will also be conducted on the bank’s digital asset trading platform, SygnEx.

Description: Offering split ownership of paintings for $6,000 per share.
Shares representing ownership are tokenized and issued via blockchain technology. This gives a wide range of investors ownership of the work.
Transactions will be settled in Swiss francs (CHF) using Signum’s native CHF stable coin, DCHF. Split ownership of the paintings is recognized by Swiss law.
The actual paintings are not sold, and when not on loan to the museum for exhibition, they are stored in a high-security facility.

◆Experiment to see if world-class artists can create an art economic zone with NFT currency

(7) Damienhurst “Currency” project (July 2021)
→ Currently worth 8.1 billion yen (primary 2.5 billion yen + secondary 5.6 billion yen)

He drew 10,000 realistic pictures. This is just amazing!
https://currency.nft.heni.com/

Measures were taken in a digital analog to those pictures.
http://spdy.jp/news/s11413/

Digitally, the history of each piece of work is fully databased. The number of dots, colors, etc. are known.
https://currency.nft.heni.com/rarities#color

Analog has taken nine measures to prove that it is one-of-a-kind.
Signatures, backing, handmade paper, microdots, embossing, handwritten titles, artist watermarks, holograms, and Hearst logo watermarks. I’m all about one-of-a-kind to any degree!
http://spdy.jp/news/s11958/

Buyers purchase with virtual currency or credit card. However, even those who purchase by credit card are delivered by NFT and must have a virtual currency account and wallet set up to receive digital delivery.

The purchaser must hold the digital (NFT) within one year or the analog must be washed. If the digital is chosen, the analog is discarded; if the analog is chosen, the digital data is discarded.

Buyer results are always available on the site. This has created a sense of marketability for this work. This is important.
http://spdy.jp/news/s12307/

An 8 year old drew this for his summer research and it sold!

(8) Artist : Zombie Zoo Keeper

Works: The first three pieces were sold for “0.006 Ether (about 2300 yen at that time). (August 25, 2021)

Primary Seller: Trevor McFedries, producer of DJ Lil Miquela, who has 3 million followers, for 1.2 Ethereum ($520,000 value). (Opensea)

Secondary distribution: Steve Aoki purchased three copies for 2.4 million yen (800,000 yen per copy) via OpenSea, and they went viral.

◆NFT house for sale for $500,000, could be built in reality!

(9) Title: “Mars House
Artist: Krista Kim
Music for the clip is by Jeff Schroeder of Smashing Pumpkins (Jeff Schroeder)

Purchase Price: 288 Ether (55 million yen) 5/16/2021
Marketplace: SuperRare

Purchasers receive 3D files in exchange for payment and can upload them onto the “Metaverse”.

The homeowner, a Toronto-based purchaser, received a video clip with a 3D file of the NFT work and music in exchange for Ether (ETH).

Purchasers can upload it to the Decentraland metaverse to use as a home for their avatars. The house, built on Mars as a virtual world, appears to be made mostly of glass.

The house can be uploaded to the buyer’s metaverse as well as recreated in the physical world.

According to real estate market experts, NFT real estate could boom.

The world’s first VR space created by a VR artist was sold.

(10) Artist: VR artist Aimi Sekiguchi

VR Artwork: “Alternate dimension Fantasy Gorgeous” 2021/03/25

Sold price: approx. 13 million yen
Marketplace: OpenSea

Aimi Sekiguchi has been presenting VR video works using the Google Tilt Brush since 2016.

◆Takashi Murakami sells 108 works (number of troubles) but fails

(11) Artist: Takashi Murakami

Artwork: “Flower #0001-#0108” 108 pieces
Production Year: 2021/03/30
Sold Price: Cancelled during the sale.
Marketplace: OpenSea

Description: A 24 x 24 pixel work reminiscent of the Nintendo Entertainment System (NES). 12 pieces were released each day, and the auction started when there were 108 pieces, each representing a number of troubles, but the sale was eventually suspended.

He explained, “It is permitted to use images of the work in games and metaverse services offered by companies affiliated with the author.”

NFT, which self-replicates on its own, sold for over 400 million yen.

(12) Artist: “Mad Dog Jones”, digital artist Michah Dowbak
Work: “REPLICATOR (self-replicating device) 52 second video
Market:Phillips, a long-established auction house in the U.K.

Sold : $3.4 million (approx. 370 million yen)
Approximately $4.14 million, including commissions

Description: Visually, it’s an image of a photocopier installed in an office.
The work itself is designed to continue generating new NFTs for about a year.

The self-replicating logic is programmed into the contract, with settings such as timing of replication, ownership rules, number of generations to be replicated, and the ability to prevent replication more than a certain number of times. An algorithm was also incorporated to ensure that the new version NFT generated would have slightly different details than the original work. The total number of artworks generated is expected to eventually range from 75 to 300.

LOOT Build a worldview of design that is participatory and expands community

(13) Artist: Loot was created by Dom Hoffman, founder of Vine.
It all started with his tweet on August 28, 2021.
https://twitter.com/dhof/status/1431316631934967815

Title: LOOT
LOOT is text data that lists eight random pieces of equipment used in RPG games. 8,000 of these (Bag) were prepared.
“A lot of people wanted something they could use in the metaverse, so I wanted to create it (LOOT) as something they could use anywhere and offer it for free and see what would happen in the marketplace.”
At this point in time, there was no game called Loot in the world, no storyline, and nothing related to Loot, only this text data was issued.
This is a project to test how far this nondescript card of mere words can spread and grow in a decentralized community.
What exactly is it?
https://opensea.io/collection/lootproject

There are no images on this card like traditional NFT art, just text. I intentionally omitted images, etc. so that the person who gets this card can interpret it freely.
Each card was not NFTed in the primary, only a smart contract was provided by Dom, and the person who obtained the piece had to pay for their own gas and NFT it at their own risk. (The piece was free.)
It all started with Dom’s Twitter post titled “LOOT,” in which he itemized the above information and posted links to Opena and Etherscan, where smart contracts can be viewed.
His fans took notice of it, and the 7777 Bags that were available immediately after the Drop were soon almost completely distributed. (The rest were held by Dom)
https://www.lootproject.com

Here’s what happened.

1) Start reselling immediately
Resold for $46 million 5 days after the Drop started. It has since gone down, but is auctioned at a minimum of $20,000.

2) Imaging of Loot content (AI participates!)
Since the equipment is the same as that used in RPGs, images depicting characters equipped with the equipment, fixtures, etc. will appear around the site. Some are drawn by people, others by the AI!
Examples of works created by people
https://twitter.com/supergremplin/status/1432443098974461956?s=20

AI Creation Example
https://twitter.com/moesalih_/status/1433141553443352576

3) A community is launched.
Each of us with the same possessions voluntarily created our own community!
For example, a community was formed among those whose LOOT included “Divine Robe”.
To join the community, you must have a Divine Robe Loot and must be connected to Wallet before joining the community.
So, for those who want to join the community, we have also opened a market for the sale of our own cards!
https://www.lootproject.com/resources

Example: the Divine Robe community currently has 100 Bags for resale with a floor price of 14.9Eth. 39 at the highest. -soaring to 45Eth!
https://robes.market/

4) Synthetic Loot appears.
Dom prepared 8,000 of them, which will be traded at a high price, but this does not allow ordinary people to participate. This is why the Synthetic Loot appeared.
It is available to anyone who has an Etherum Wallet.

5) Token for Loot issued on 9/2! AGLD (Adventure Gold)
For each LootBag, 10,000 AGLD were distributed free of charge.
1AGLD Variation
9/2 (issue) = 43.96 yen 9/3 = soared to 795 yen (this is the highest) Gradually down from here 9/9 = 247.87 yen
https://coinmarketcap.com/ja/currencies/adventure-gold

from now on
It is expected to see how far this LOOT will be expanded by the community and whether the Metaverse will be created while remaining Decentralized.
Until now, artists have advocated the value of NFT, but this attempt marks a paradigm shift in NFT, with the community/users determining the value of NFT! The event is making a lot of noise as a
https://twitter.com/tandavas/status/1432802983528448000