MutualArt brings you a selection of the most profitable NFT artists that have proven that digital art has come to stay and slay. Get to know the performances of each artist, when and what they present in auctions, the realized prices, their exhibitions and much more.
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Jacky Tsai and Froyo Games, a Web3 GameFi platform, announced the successful auction sale of “MetaSkull 元宇宙骷髅”(1/1001), the first digital art NFT in the MetaSkull collection, which is a series consisting of 1001 unique NFTs created with generative art programming. The auction was hosted by Sotheby’s – a Xperience Digital Art Auction, with the unique skull motif’s final bid concluding at USD $7,700 (HKD $60,480).
The combined auction proceeds from Mr. Tsai’s digital artworks amounted to USD $665,832 (HKD $5,226,480), with a total of 5 lots sold – including Jacky’s impressive “Golden Years”, which sold for USD $321,036 (HKD $2,520,000).
Internationally acclaimed Swiss designer and artist Christian Etter together with author and entrepreneur Alexander E. Brunner joined forces and presented a unique hybrid NFT artwork, supported by the Cardano Foundation.
The official launch of ‘Etter Edition 01’ took place on October 6th in Zurich, Switzerland, where the artwork was presented for the first time.
‘Etter Edition 01’ brought together blockchain-technology and digital interactive art with the physical world, intimately joining generative art with decentralized tokens and expanding the NFT universe into the physical realm.
Jacky’s first digital project was an NFT titled “Chinese Floral Skull, Lot 37” that sold at Sotheby’s auction for $302,400 US, which was the highest price paid for an NFT designed by an Asian artist.
Jacky Tsai, a London-based and Shanghai-born modern contemporary artist, is pleased to announce “MetaSkull Collection 元宇宙骷髅”, his inaugural Skull Art NFT collection that features the artist’s iconic skull motif designs.
Mr. Tsai worked in collaboration with Froyo Games, a Web3 gaming platform with extensive video-game development experience globally, to develop and launch the MetaSkull Collection, which is geared for the metaverse.
Many NFT sellers have gotten rich almost overnight through selling NFTs.
Digital artists, content creators, and NFT enthusiasts come up with new NFT projects every day in hopes of gaining wealth by selling them.
NFTs have grown in popularity thanks to their unique trait of being an indivisible digital asset, which cannot be replicated and safely exists in the tamper-free blockchain.
So can you get rich with NFTs?
Long story short, yes!
PRESS RELEASE | HONG KONG, JULY 1, 2022 — A local creative label & Gallery YOUNGCLUB launched BRAX – the first gallery-created character, as an art series based on youth and artists.
In the image of a young artist, BRAX explores and grows in its adventure journey, creating a series of stories in the dreamland, vividly presenting the value and adventurousness of the young generation.
BRAX is a forever 17-years-old character keeping its identity hidden by wearing a doll costume.
It can be a character representing any of us in society. This 17-year-old teenager starts his own journey with its costume, arouses the resonance of young artists on the way of creation, and brings back memories of their youth.
In today’s digital asset market, there are a lot of conflicting opinions about NFTs (non-fungible tokens). Whether you love or hate it, there’s no denying that NFT is a groundbreaking technology for the art and collectibles industry.
Digital artworks have emerged as a robust industry, with the NFT market expected to become $147.24 billion by 2026.
But let’s take a step back and reflect on the broader use case of non-fungible tokens.
Modern advancements in digital and online technology are changing the art market. Online events are becoming more popular than ever as they can be accessed by anyone from anywhere. By simply opening a screen, people are able to instantly access desired products and services from all around the world, which makes it easier than ever to engage with your artistic interests.
The art market is no exception to this trend. Over the past few years it has been strengthening its online presence, and despite an overall decline in sales, the online trade is actually at a record high, doubling in value from two years ago. It is therefore reasonable to expect further substantial growth in this sector.
At the heart of this online art world are OVRs.
When it comes to the modern art world, millennials have played a crucial role in the recent years.
After the pandemic, they tremendously helped the art market to recover from countless museum, gallery, and exhibition closures.
A report from Art Basel-UBS states that in the first half of 2021, millennials spent the most on art, helping to boost the much needed recovery of the market.
Sales were also up by 10%, with millennials doubling the buying power of Gen X, and spending four times more than baby boomers!
It may be obvious but still needs to be said – the benefits of NFTs for the entire art world are tremendous!
Art that doesn’t exist in a physical form can now be bought, sold, and collected, opening many opportunities for artists, collectors, and investor.
There are also great benefits to physical art from NFTs. Art museums and galleries now have the ability to earn additional revenue from their artworks.
NFTs are clearly helping to create a unique generational synergy between the old and the new art.