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ART & COLLECTABLES

Beeple’s New NFT Endeavor: ‘Iconic Moments’ From Sports,

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WENEW, a new marketplace with physical components and premium privileges, is backed by the man of the best-selling NFT.

When a single piece of digital artist Mike “Beeple” Winkelmann’s artwork sold for $69.3 million at a Christie’s auction in March, he became synonymous with this year’s NFT boom. Despite the recent cooling of the NFT market, his next movements in the field are guaranteed to attract attention.

Beeple revealed today that he has co-founded WENEW, a marketplace that will collaborate with prominent companies to offer collectible moments in time spanning sports, entertainment, history, music, comedy, and more. Of course, there will be digital collectibles, but there will also be physical reproductions and other luxury features with the more expensive versions.

An NFT is a digital item’s deed of ownership, and it can be used to represent still artwork, video files, tweets, trading cards, and much more. It’s a means of adding scarcity to digital objects, which are normally easy to copy and reproduce in large quantities. The legitimacy of an NFT can be validated using blockchain technology.

WENEW will debut with a drop built in collaboration with the legendary Wimbledon tennis championship, with the first installment following English star Andy Murray’s route to his maiden victory in 2013. The drop will begin on July 2nd and will include five different editions, each of which will cost between $49 and $4,999, according to The Verge.

On the low end, a video-based NFT featuring highlights from Murray’s 2013 season will cost $49 and be limited to 500 copies. Other NFTs will be more expensive and limited in supply, and some will include bonuses like a digital display of the NFT, Wimbledon 2022 tickets, and even a 30-minute tennis session with Murray himself.

In an interview with The Verge, WENEW Editor-in-Chief Ryan Schreiber remarked, “We’re absolutely looking at this as sort of immortalizing these moments of human achievement for collectors.” Schreiber, who also founded the digital music website Pitchfork, will assist WENEW in selecting moments for NFTs and commission feature-length essays from writers to accompany the collectibles.

WENEW has teamed with businesses like TIME Magazine, media agency Endeavor, Warner Music Group, and Universal Music Group in addition to Wimbledon. TIME has already made ripples in the NFT space, selling four NFT magazine covers for a total of roughly $500,000 and started to take cryptocurrency membership payments.

WENEW’s NFT moments are created on the Ethereum blockchain, with the associated editorial material hosted on Arweave’s decentralized “permaweb” network. A levy on transactions will also be used to offset the firm’s carbon footprint.

ART & COLLECTABLES

Naomi Osaka’s NFT to Raise Awareness About Athlete Mental Health

An auction on Basic.Space will resell a rare NFT produced by tennis champion Naomi Osaka.

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In April, Osaka collaborated with her sister Mari on a six-piece collection. On Basic.Space, the first five were auctioned off. They sold for about $600,000 in total, with one fetching over $200,000. Meanwhile, the sixth Osaka NFT was raffled off to the general public. As a result, the NFT is now available for sale in a global auction by the winner of that raffle. The silent auction will begin on July 26 at 9 a.m. ET.

“Finding What Was Lost” is the title of the digital artwork being auctioned. Naomi’s favorite of the six, according to Osaka’s sister. The NFTs for the Osakas were developed on the Flow blockchain, which is best known for its NBA Top Shots NFTs.

Mental Health Awareness

A part of the net earnings will raise mental health awareness and assist athletes all across the world. Donations to NGOs like Athletes for Hope fall within this category. In addition, the money will go to the organization’s newly announced Whole Being Athlete initiative. The project’s goal is to encourage athletes while also raising mental health awareness.

Jason Belinkie, COO of Athletes for Hope, stated that athletes are battling with their mental health now more than ever. “With one in every five individuals being diagnosed with a mental illness, it’s become the most sought cause for advocacy, connection, and support from our athlete network,” he said. Belinkie expressed his company’s “pleasure” at assisting Osaka in “continuing this critical effort in the mental health space.”

The NFT Influence

According to Shea Newkirk, founder of CryptoStache.com, the sale of the piece has special relevance for sports NFTs. “While professional athletes have sold some huge NFTs in the last six months, Naomi Osaka’s constant and positive presence in the public spotlight will almost certainly propel this auction to a new NFT record,” he said.

Boxer Tyson Fury established the NFT sales record for an athlete last week, selling a single-edition piece for $987,000. Fury has a history of releasing NFTs, dating back to earlier this year. Patrick Mahomes, a football player, sold an NFT for $247,000 in March, which Rob Gronkowski later surpassed with a sale of $430,000.

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ART & COLLECTABLES

Physical and NFT Versions of Steve Jobs’ 1973 Job Application are up for auction.

Apple co-founder Steve Jobs’ 1973 employment application form is up for auction, with both physical and digital versions available.

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Steve Jobs’ 1973 handwritten application for an unknown job is up for sale once more. It’s unclear what position Jobs was applying for, where he applied, or whether he was hired. What is known is that this piece of paper has been sold for a large sum of money several times in recent years. It was sold for $18,750 in March 2017, $174,757 in 2018, and $222,400 in March 2021.

Jobs wrote the three-page application three years before he and Steve Wozniak co-founded Apple. Jobs is skilled with computers and calculators, but not so much with type machines, according to the application.

Physical and Digital Collectibles are Pitted Against Each Other Face-to-Face

The addition of a non-fungible token to this auction sets it apart from prior auctions. Both the original physical copy and a digital counterpart in the form of an NFT will be sold side by side, according to the listing. According to auctioneer Olly Joshi, the purpose is to see which version has the most value in the current market. In a statement, Joshi said, “The Steve Jobs hand-written 1973 job application auction intends to illustrate the modern shift in perceived worth — the physical or the digital.”

The auctions will take place on various platforms, with the digital edition available on Rarible and the physical version available on Joshi’s own website.

The auctions will last seven days and began on July 22 at 9:41 a.m. PT. That time was chosen because it was the time chosen by Jobs to unveil new Apple products at formal events, and it is also the time displayed on Apple product clocks.

The hard copy of the application currently has a price of $14,000, while the digital version has a bid of $635 at the time of writing. The Cancer Research Institute and the One Laptop Per Child organizations will each receive a percentage of the proceeds from the final sale.

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ART & COLLECTABLES

Dolce & Gabbana Will Debut an Exclusive NFT Collection

In collaboration with luxury marketplace UNXD, Dolce & Gabbana unveiled the first in a series of NFTs.

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Dolce & Gabbana has announced the debut of an exclusive NFT collection in conjunction with UNXD, a digital marketplace powered by the Polygon Network that aspires to be the premier destination for digital luxury and culture.

Collezione Genesi, or Genesis Collection, will be the fashion label’s debut NFT collection. The collection will be shown at Dolce & Gabbana’s upcoming Alta Moda, Alta Sartoria, and Alta Goilleria exhibitions in Venice at the end of August. According to the press release, the collection focuses on Venice’s deep-rooted artistic traditions.

L’abito Dei Sogni, or Dress from a Dream, is the first concept in the collection, inspired by a dream by Domenico Dolce and Stefano Gabbana. In the weeks leading up to the Alta Moda, Alta Sartoria, and Alta Goilleria exhibitions, other NFTs from the Collezione Genesi collection will be shown. All will be auctioned exclusively on UNXD.

Dolce & Gabanna’s NFT isn’t the first high-end brand to venture into the NFT industry. A few NFTs will be available from designers participating in Paris Fashion Week, with Gucci believed to be joining the NFT sector as well.

NFTs have stayed robust even as the prices of various cryptocurrencies have fallen, with more and more entries to the market. For example, LABS Group recently merged real estate with NFTs, allowing individuals to invest in its resort using the popular token technology. In addition, as more corporations, organizations, and foundations join the burgeoning market, artists like Muse have created more NFTs.

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