10 August 2023

Generative Art Platform Fxhash Secures $5M in Seed Funding Round Led by 1kx

The Seed Round Fxhash, the groundbreaking generative art platform and marketplace, has successfully closed an oversubscribed $5 million seed fundraising round. Spearheading this investment initiative was 1kx, an early-stage crypto-focused venture capital firm renowned for its strategic ecosystem growth investments. Founded in 2021, Fxhash has emerged as the...

NFTs: Rocket Fuel for Creativity and Nourishment for Art Enthusiasts

Rocket Fuel for Creativity and Nourishment for Art Enthusiasts. In this opinion piece by Barry O’Hearn, he explores the phenomenon of NFTs in relation to Tezos.

For some people, the concept of non-fungible tokens, otherwise known as NFTs, is completely new and somewhat mysterious. Though many of us in the Tezos community are still trying to fully comprehend the NFT phenomenon, it is becoming clearer that we are on the verge of a paradigm shift.

Indeed, it takes some immersion in the NFT environment before one begins to realize the potentially mind-blowing implications for development in this environment.

Essentially, NFTs are unique assets, represented by data on the blockchain that can be purchased and sold like property. The owner of an NFT holds the token that proves ownership of the asset.

The NFT data is stored on the blockchain and its existence can be publicly verified back to its origin. In this way, items such as digital artwork can be traced back to their origin and easily authenticated. Additionally, the creator of an NFT can program their work to pay them a portion of the sales price every time it is sold into perpetuity.

Ultimately, NFTs have potential to change the way that all types of media are bought and sold. Artwork, music, books, comics, video games, sports and game collectables and much more can be “commoditized” with NFTs.

In the coming years, we can expect NFTs to have many new use cases, some of which we haven’t even imagined yet. For the purposes of this article, visual art will be the primary focus, which reflects the primary use case for NFTs, at least so far.

As a non-developer and non-artist that appreciates art, one might come to understand NFTs as an extraordinary convergence of art and technology.

On a basic level, NFTs expand the accessibility of artwork to a much wider audience, while supporting the creative process on a previously unimaginable level. Art consumers gain access to an entirely new universe of previously unexplored artistic creations and artists acquire a massive market of new art connoisseurs craving more fantastic content.

Suddenly, millions of people worldwide can participate in the art world in ways that were previously only accessible to a select few. With NFTs, the world of art creation, collection and curation has opened to people that may have never taken an opportunity to experience an art exhibit, or an art museum.

An exhilarating world filled with new ideas, vibrant colors and breathtaking images is captivating new audiences the world over.

On some level, NFTs have blurred the lines that once separated art from technology. Perhaps these concepts limit our understanding and have outlived their usefulness?

NFTs have a fascinating ability to confound our attempts to bind reality to concepts, while giving us glimpses of and perhaps allowing us to participate in exotic experiences that were previously beyond our reach.

One could say that Tezos is the Holy Grail when it comes to NFTs and blockchain technology. Significantly lower gas fees and drastically lower energy requirements make Tezos the most logical choice for artists, curators, collectors and consumers alike.

Given that Tezos is currently one of the best alternatives to Ethereum for creating, curating and collecting NFTs, in terms of both cost effectiveness and a reduction in environmental harm, it is reasonable to believe that we will continue to see a significant migration of artists and art consumers in the coming months.

Therefore, it is important that the Tezos community participates in the discourse surrounding NFTs so that we can continue to be a strong positive influence in the cryptoart ecosystem and in the broader field of blockchain technology.

One could imagine Tezos as an evolving ship that has the capacity to upgrade, so that it can best face the constantly changing conditions that it encounters.

We are the voyagers on this vessel that will help to guide its evolution and participate in its growth that projects into the foreseeable future. What an exciting time to be alive!

Upload Article

Complete the submission form, which includes fields for your name, contact information, a short author bio, and the title of your article. Submit your Word document as a word doc file. If you encounter any issues during the submission process, please contact our support team for assistance at [email protected]. We encourage all aspiring contributors to read and understand our submission guidelines and editorial policy before submitting.

Accepted file types: jpg, jpeg, png, Max. file size: 128 MB.
Banner Image
Accepted file types: jpg, jpeg, png, Max. file size: 128 MB.
Accepted file types: jpg, jpeg, png, Max. file size: 128 MB.
Accepted file types: pdf, doc, docx, Max. file size: 128 MB.
Submit Article: Suitable Formats = PDF, WORD
By Uploading an article, you are accepting all to all copyright and information that is to the best of your knowledge true and accurate.

Other News

View More
12 September 2023

My journey into the unknown… By Bruno Magnifico

I am glad I eventually read one of the Manchester United emails last December 2022. I have learnt so much about the power of Tezos, how artists, companies and brands use the power of the technology. More and more big brands, small brands, football clubs will all soon join the ‘revolution’ of the digital collectible and offer utilities to people.

Read More
TheVERSEVerse Allen Ginsberg Lume Studios
11 September 2023

An Evening with TheVERSEVerse and Allen Ginsberg: A Captivating Event at Lume Studios in New York

On September 9, 2023, an avant-garde event held at Lume Studios, NYC, brought together the legacy of Allen Ginsberg, the prominent Beat poet, and the contemporary realm of AI and blockchain. The evening was organized by the collective theVERSEverse, in partnership with Subjective.art, the Allen Ginsberg Estate, and centered on the experimental project “A Picture of My Mind.”

Read More
The Champ Medici Art Fund - Cordell Broadus, Tezos Foundation
8 September 2023

Cordell Broadus and Tezos Foundation Unveil Inaugural Artists for the Champ Medici Arts Fund

Cordell Broadus and the Tezos Foundation have unveiled the inaugural batch of grantees for its Champ Medici Arts Fund joint venture. Cordell Broadus, popularly known as Champ Medici is the second son of music icon Snoop Dogg. The foundation’s vision is to drive artistic innovation in the realm of web3.

Read More

Subscribe to weekly tezos news

Join The XTZ. News Newsletter To Receive The Latest Tezos
News And Interviews.

Subscribe To Weekly Tezos Token Prices

Join the Tezos Token Price newsletter to receive the latest Tezos token prices on a weekly basis.