Will Apple’s eyeglasses, Reality Pro, accelerate the shift to the metaverse and the Virtual Renaissance?

By: nftjedi June 5, 2023 UncategorizedApple, Apple MR eyeglasses, Metaverse, Reality Pro, slider, Tim Cook, Virtual Renaissance, WWDC2023Leave a Comment

The tech world is waiting with bated breath for Apple’s expected announcement of its new mixed-reality eyeglasses, reputed to be called Reality Pro, on June 5 at its WWDC event. As customary for Apple, it hasn’t confirmed the eyeglasses’ existence, even though it’s been widely reported by the major media, including the New York Times and Wall St. Journal. Apple’s slogan for its June 5th event teases: “Code new worlds.”

Hello, metaverse?

Why did Moonbirds fall so far?

By: nftjedi June 3, 2023June 3, 2023 UncategorizedKevin Rose, MoonBirds, sliderLeave a Comment

Most NFT projects faced a steep decline in their floor prices during the crypto winter, which is still ongoing.

But Moonbirds was considered one of the blue chip projects, at least in the same category as Doodles and CloneX. And it had $50 million in reserves, a luxury that few NFT projects have.

In this crypto winter, it’s quite possible that Moonbirds would have fallen to where it has, even if the team had avoided the missteps. On the other hand, the revival of Pudgy Penguins provides at least one major success story during the crypto winter that shows it can be done.

Sotheby’s auctions NFTs owned by 3AC for $2.5 million, exceeding expectations

By: nftjedi May 22, 2023May 22, 2023 Uncategorized3AC, Fidenza, slider, Sotheby's, Tyler HobbsLeave a Comment

Sotheby’s auction of the bankrupt Three Arrows Capital (3AC) NFT collection was a huge success. The auction brought in $2.5 million, exceeding expectations.

Tyler Hobb’s Fidenza #725 was the highest sale at $1 million, far exceeding the expected $180,000.

Grant Riven Yun, artist, sells NFT at Christie’s for $107,100

By: nftjedi May 13, 2023 UncategorizedChristie's, Grant Riven Yung, sliderLeave a Comment

Grant Riven Yun had a big day. A very big day. The NFT digital artist, based in Milwaukee, saw one of his artworks, Midwest, sell for $107,100 at a Christie’s auction.

Yun describes his distinctive style as “Neo-Precisionism,” a mix of minimalism and nostalgia.

NouAI.art, my new website for AI art news

By: nftjedi May 5, 2023 UncategorizedAI art, Nou AI Art, sliderLeave a Comment

Happy to share this video with you, announcing my new website NouAI.art [click here].

We’ll cover the latest news and controversies related to AI art, as well as have interviews with AI artists. Sometimes, we will cross post articles, but please visit our new site.

brown wooden gavel on brown wooden table

What is the likely sentence for former OpenSea exec Nate Chastain convicted of wire fraud, money laundering

By: nftjedi May 4, 2023May 4, 2023 UncategorizedInsider NFT trading, Insider trading, Nate Chastain, sliderLeave a Comment

A jury in New York found Nate Chastain, the former Head of Product of Opensea, guilty of wire fraud and money laundering for his conduct back in September 2021.

The case is often described as “insider trading” of NFTs, even though technically the case did not include insider trading of securities. In a prior post, we explained the Supreme Court precedent, Carpenter v. United States, which supports the application of the wire fraud statute to a situation in which an employee uses confidential business information of his employee, without authorization “devis[ing] any scheme or artifice … for obtaining money or property by means of false or fraudulent pretenses.”

NFTs are dead. Why then did Lebron James just wear Nike RTFKT sneakers?

If anyone does any research, the adoption of NFTs by businesses just keeps growing.

My Op-Ed in Chicago-Tribune explains why NFTs are the greatest disruption to the art world since Cubism

By: nftjedi April 25, 2023April 25, 2023 UncategorizedCreators Take Control, Cubism, slider, TokenismLeave a Comment

This important lesson of history helps us understand today’s backlash against NFTs. In my book Creators Take Control, I explain how Tokenism has created a new type of virtual ownership in digital and AI artworks. What Cubism did in radically transforming artistic perspective through “cubes,” Tokenism does today in radically transforming ownership of art and other subject matter through “tokens.” In so doing, it has ushered in a Virtual Renaissance, with an explosion of digital and AI art.

Creators Take Control: How NFTs Revolutionize Art, Business, and Entertainment by Edward Lee, pre-order now

By: nftjedi February 14, 2023February 14, 2023

UncategorizedCreators Take Control, Edward Lee, sliderLeave a Comment

Happy Valentine’s Day! I am so happy to announce my book Creators Take Control: How NFTs Revolutionize Art, Business, and Entertainment is now available for preorder. Please visit the book website for links to Amazon, Barnes & Noble, and other major outlets.