I have a master plan. I am going to download all the copy files of these artworks and sell them for double the original price – Mwahahaha! Hold your horses! It doesn’t work like that. Copied files are NOT NFTs. They are just your regular jpeg, mov, tiff files. The whole point of the NFT is that it is solely for the one person who owns the digital piece (aside from artist copyright etc). Just like physical artworks, anyone can buy a print of work, but only one can own the original.
Did you say kittens? No, but what you may be referring to are the CryptoKitties. They are considered the first boom in NFTs trades. A cryptokitty is registered to a bitcoin-style database, and can be traded – and ‘bred’ – according to algorithmic rules set down when the CryptoKitties service was set up back in 2017 by the Canadian startup, Dapper Labs. One CryptoKitty lover paid over $170,000.
I still don’t get it tbh. Of course you don’t. Well, it seems now the fashion world has also begun dipping their expensive shoes quite literally into the world of NFTs. Gucci recently created a virtual sneaker, though not an NFT, Robert Triefus, of Gucci’s brand and customer engagement department, told Vogue Business it was “only a matter of time” before it released an NFT. Also another Italian designer, Angelo Galasso, recently collaborated with New Zealand-based digital abstract artist Lee Robinson to launch an NFT series.
How very on trend, do tell. Well so it goes, the series features unique pieces of digital art, alongside a limited series of luxury canvas backpacks, wallets and keychains, handcrafted by Galasso’s team in Italy. When you buy a Robinson artwork, in return you’ll receive Galasso’s monogrammed accessory delivered to your door.
But those are physical pieces? True, you got me on that one! Well, how about this? Last week, the art collective MITNFT, announced a series of NFTs featuring the supermodel Kate Moss. Three artworks – Drive with Kate, Walk with Kate and Sleep with Kate – which, according to Vogue, were shot at her home and sold as a limited edition of one, authenticated by Moss herself.