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ART & COLLECTABLES

The biggest NFT hits from celebrities dollar-wise

Millions of dollars in sales are still coming in as a consequence of the non-fungible tokens. So far, these are the top NFT earners in 2021.

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Non-fungible tokens have quickly become a mainstream phenomenon, with a slew of celebrities, entertainers, and sports figures promoting them. The question is, which NFT has had the greatest impact on this burgeoning industry?

There’s no denying that NFTs have taken the world by storm, with some of the most popular digital collectibles commanding exorbitant prices, prompting a stampede of newcomers eager to cash in on the trend.

While many have tried to cash in on the apparent success of NFTs, a few notable digital collectible creators have had their NFTs sell for millions of dollars at auction. NFTs have become the new-age autograph in a short amount of time, and their use has spread across a wide range of industries.

As blockchain-powered digital collectibles marketplaces boom for American sports leagues such as the National Basketball Association and the National Football League, the world of sport has taken a liking to NFTs. Beeple’s $69 million digital art piece broke auction records and changed the way people enjoy and own art, indicating that the art industry is undergoing a new age renaissance of sorts. Musicians, celebrities, and content creators have all launched their own NFTs, which are changing the way fans and consumers buy memorabilia, merchandise, and content.

Here are some of the most popular NFTs in 2021, with information on the developers or original owners as well as the current value of those NFTs.

Beeple’s “Everydays”

Beeple’s now-famous digital collage “Everydays: The First 5000 Days” is an obvious choice for this list of prominent NFTs. Its price alone has cemented its reputation as the most valuable NFT ever sold at auction.

The digital collage was created by American digital artist Mike Winkelmann, better known by his nickname Beeple, and sold for $69,346,250 in February 2021 at renowned auction house Christie’s.

Over the past 13 and a half years, Beeple has been releasing a piece of digital art every single day, and “Everydays: The First 5000 Days” is a collage of 5,000 of these objects.

The NFT’s jaw-dropping price tag was only realized in the last two minutes of the auction, when the digital art piece saw a drastic rise in the value of offers, moving up from a $20 million offer to a final bid for about $60 million. The $9 million difference was due to Christie’s buyer’s premium.

Jack Dorsey’s $2.9-million genesis tweet

Twitter CEO Jack Dorsey successfully auctioned off the digital rights to his first-ever tweet from March 2006, in a strange and wonderful use-case example for NFTs. In March 2021, the NFT tweet was ultimately sold for $2.9 million, with the proceeds going to the GiveDirectly fund.

On March 6th, Dorsey posted a link on his Twitter profile that directed users to an online auction for his 2006 tweet, which was also the first-ever made on the popular social media website 15 years ago.

“Just setting up my twttr,” says Dorsey’s first tweet, which he posted in March 2006. Dorsey’s digitally autographed tweet drew a lot of interest, but Sina Estavi, the CEO of Tron-based Bridge Oracle, won it.

Edward Snowden’s NFT

Another well-known person who has raised a lot of money by selling of an NFT is American whistleblower Edward Snowden. He made headlines in 2021 when he raised $5 million for the Freedom of the Press Foundation by selling a one-of-a-kind piece of NFT art.

Snowden commissioned the NFT art project, dubbed “Stay Free,” to honor a key 2020 court decision stating that the US National Security Agency’s mass spying breached the law. Snowden was instrumental in revealing the infractions, and the art piece includes every page of the landmark court decision, as well as a silhouette of Snowden’s face in the foreground.

Over the last decade, Snowden has become one of the most well-known government whistleblowers. Snowden obtained access and exposed sensitive material linked to NSA privacy abuses during his position as a former employee and subcontractor for the US Central Intelligence Agency.

A federal appeals court concluded seven years later that the NSA’s surveillance program, which collected data on Americans’ phone calls, was unconstitutional. After disclosing this material, Snowden was forced to seek asylum in Russia, where he was granted permanent status. For disclosing this information to the public, Snowden was charged under the Espionage Act.

Given the popularity of NFTs in 2021, it’s no surprise that Snowden’s “Stay Free” art work fetched such a high price at auction. PleasrDAO, which was founded by a group of NFT art collectors, purchased the NFT.

The group won the digital art work with a winning bid of 2,224.00 Ether (ETH). As the bidding for the “Stay Free” NFT heated up, Snowden remarked in a tweet that the final sum paid for the art piece was more than the Freedom of the Press Foundation’s yearly budget.

Gronk’s NFL Championship Series

Rob Gronkowski, an NFL veteran, is undoubtedly the most significant player to have had a successful NFT debut of digitally signed trading cards.

The Tampa Bay Buccaneers tight end debuted in the realm of NFTs in March, when he teamed up with OpenSea to create a collection of trading cards, which he sold for $1.8 million in ETH.

The Championship Series NFTs honor Gronkowski’s four NFL championships, while the fifth and final “Career Highlight Refractor Card” honors those four great seasons. Gronkowski won three NFL championships with the New England Patriots, and he won his fourth with quarterback Tom Brady after joining the Buccaneers in 2020.

The four Championship Cards had 87 digital editions up for auction, whereas the fifth Career Highlight card was just a single NFT.

Given this, it’s unsurprising that the one-of-a-kind “Career Highlight Refractor Card” sold for the most money at auction, fetching 229 ETH (about $435,000 at the time). The two-day auction resulted in the sale of 349 trading cards, as well as the one-of-a-kind Career highlight card, to 95 different owners. The auction’s entire trading value was 1,014 ETH, which was worth $1.8 million on the day.

Grimes’ $5.8 million in 20 minutes

Last but not least, Canadian musician and visual artist Claire Elise Boucher, better known by her stage name Grimes, had a successful NFT launch, with purchases of tokenized artwork totaling $5.8 million at the end of the sale in March 2021.

Grimes’ first NFT collection, nicknamed “WarNymph,” was designed by her brother, acclaimed digital artist Mac Boucher. The artwork depicted a fantasy universe focused on a goddess who was stylised as a baby angel. Carbon 180, a non-governmental organization dedicated to decreasing carbon emissions, received a portion of the revenues from the “WarNymph” NFT sales.

As previously stated, Grimes’ NFT work was in high demand, with copies selling for more than $5 million in less than 20 minutes after being public on Feb. 28. “Death of the Old,” the most expensive NFT, received a winning offer of $389,000.

It looks Like NFTs Are Here To Stay

NFTs have quickly outgrown their reputation as a novelty, and there appears to be widespread agreement that the field will continue to attract significant investment and use in the future.

It is apparent that tokenizing assets is becoming more widespread, from singers looking to push the bounds of their regular releases, such as Kings of Leon, who made $2 million from their NFT album release, to a $1.8 million pair of sneakers.

“I own some NFTs, but that is because I enjoy the art and the community that was developed to make the art,”

Mattison Asher, who does research on Ethereum, NFTs, and DeFi at ConsenSys, said at the time and added that it’s difficult to predict whether the prices paid for certain works of digital art and other NFTs will keep their worth in the future. However, beauty is in the perspective of the beholder, and the auction plainly demonstrates that people respect Beeple’s “The First 5000 Days.”

Asher, on the other hand, believes that sales like those of “Everydays” have played a larger part in bringing together businesses that appear to have more in common than meets the eye:

“The stories of crypto and Beeple are strikingly similar. Beeple, like the crypto sector as a whole, has had to overcome a tremendous amount of adversity in order to reach the current level of success. Beeple has been making digital works for years, much like the crypto industry as a whole, with little recognition.”

ART & COLLECTABLES

In June, the volume of Ethereum NFT trading decreased by 70%, although sales remained stable

Although there is less money in NFTs, sales haven’t really slowed down.

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Despite the negative market, there is some good news regarding NFTs.

According to Nansen data, the overall amount of Ethereum NFT trades has decreased by 55% over the past month, falling from 1.3 million ETH to roughly 584,000 ETH. In terms of US dollars, that represents a decline of about 70% from just under $2.6 billion to about $672 million.

Over the past month, Ethereum’s price has decreased by around 43%. But because “blue chip” NFT prices haven’t increased to make up for it, fewer transactions are taking place.

Bored Ape Yacht Club NFT prices are still circling about 100 ETH among the top five listed NFT collections on OpenSea, with average ETH prices having essentially remained unchanged. The exception is CryptoPunks, whose buy-in floor pricing increased by 48 percent in part as a result of Christie’s head of digital sales taking over as the Punks’ new brand lead this month.

The unique blockchain tokens that represent ownership over digital art are still being bought and sold by NFT traders; they’re just purchasing less expensive tokens and “aping” into free mints like Goblintown, which launched a wave of free-to-mint NFT collections centered around bodily waste, nihilism, and memes.

According to data from CryptoSlam, the typical sale price for an Ethereum NFT dropped from $2,463 in May to barely $703, a 71% reduction. While a result, NFTs are often more expensive to buy as the crypto bear market persists.

OpenSea reported 1.478 million NFTs were sold on its platform in May. As of Wednesday, 1.476 million NFTs have been sold in June, thus it’s entirely probable that this month will see an increase in NFT sales over May. The Otherside NFTs from Yuga Labs, which saw $561 million traded in just one day, also significantly helped May’s results.

According to Dune data, the total number of registered users who have completed at least one transaction on OpenSea’s marketplace increased by a modest 6.5 percent. With a 16 percent drop from roughly 422,000 to 354,000, the number of active traders for Ethereum NFTs has only marginally decreased.

Nansen data show that there hasn’t been much of a reduction in the number of weekly active NFT projects that are seeing revenues. Three NFT collections—the same number as last month—have seen more than 10,000 sales. Only 30% fewer collections this month—from 109 to 76—saw more than a thousand sales in a given period. Therefore, NFT designers are still making sales, especially in collections with the biggest market caps.

Consequently, traders are still making trades even though overall volume may be down 55 to 70 percent in ETH and USD, respectively. Despite the fact that they are currently buying and selling for less, it appears that NFT aficionados still have hope.

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ART & COLLECTABLES

GIVENCHY PARFUMS, AMAR STUDIO, REWIND COLLECTIVE & VEVE REUNITE FOR THE CREATION OF AN NFT IN SUPPORT OF THE LGBTQIA+ CAUSE FOR PRIDE 2022

Fashion House, Artists and NFT Platform Team Up Once Again for Pride Month

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PARIS, June 23, 2022 – To mark Pride Month this year, Givenchy Parfums states its support for the LGBTQIA+ cause by reuniting with LGBTQIA activist Amar Singh, artists Rewind Collective & NFT platform VeVe, the largest mobile-first digital collectibles platform, for the release of a new digital collectible to be sold for charity releasing on Wednesday, June 29 at 12 p.m. PT. The release of the digital artwork, Pride II by Rewind Collective, will be sold for the benefit of the Le MAG Jeunes association, on VeVe’s digital collectible platform, available to download on the App Store and Google Play.

Drawing inspiration from the House’s Prisme Libre, combining four shades of colors, as well as the Rewind Collective’s Pixelated Heroes series, this original virtual artwork is being sold on VeVe in a limited series of 1952 editions. After the sale, the proceeds will be entirely donated to the Le MAG Jeunes association.

Titled “Pride II”, the artwork created by Rewind Collective for Givenchy Parfums is a series of animated portraits symbolizing diversity, the assertion of identity, and the fight for equal rights. Innovative photos, which the collective reinterpreted digitally in the colors of the Rainbow Flag, expres Givenchy’s commitment to a more diverse, more inclusive, more universal kind of beauty.

Through this initiative, Givenchy Parfums, Amar Studio & VeVe are proud to support Le MAG Jeunes (Movement for the Assertion of Young Gay, Lesbian, Bi & Trans people), a French association founded in Paris in 1985. Amar Singh continues to lead India’s national effort at the supreme court to abolish LGBT+ conversion therapy.  Aimed at the LGBTQIA+ young population (15 to 30), Le MAG Jeunes focuses on support and accompanying: it carries out awareness-raising missions in schools, offers cultural and educational activities, and provides psychological support to all those who need it. It also lobbies international institutions, so as to promote the implementation of more inclusive public policies, for today and tomorrow.

“Art remains one of the most powerful forms of self-expression, we’re honored to further the LGBTQIA+ cause so that everyone can present their authentic self,” said David Yu, Co-Founder of VeVe. “We are proud to support the LGBTQIA+ community and help fund the fight against LGBT phobias and sexism through the sales of this unique digital collectible.”

Last year the companies came together to sell the digital artwork, “Pride”, as a sign of support for the LGBTQIA+ cause and MAG. The $128,000 raised led to the organization:

  • Moving to a bigger space in Paris and opening of two new local centers for LGBT+ youth inclusion, to overcome isolation and that offers support and multiple activities. The Paris local group is now in the heart of the capital Quincampoix Street, Paris 4th, with a great space to welcome LGBT+ youth. And the two new branches are in Lyon and Clermont Ferrand. 
  • An increase of LGBT+ youth supported by the organization to 529. The foundation aims to support 1,600 youths thanks to the new spaces and new members of staff. 
  • Building and recruitment a team of professionals to accompany youth and fight LGBT phobias and sexism.
  • An increase of interventions in school from 3,000 students in 2021 to 11,360 in 2022, to prevent LGBT phobia and sexism in the education sector.

About VeVe:
Founded in 2018, VeVe was created by collectors, for collectors to bring premium licensed NFT digital collectibles to the mass market. With millions of active users and over 6      million NFTs sold, VeVe is the largest mobile-first digital collectibles platform and one of the top-grossing Entertainment Apps in the Google Play and Apple stores.

Utilizing both blockchain and augmented reality technologies, VeVe offers premium licensed collectibles from leading brands including DC Comics and Warner Bros, Cartoon Network, tokidoki, Ghostbusters, Back to the Future, and more. For the first time, these brands can provide customization to collectibles after their initial sale, creating endless revenue possibilities for products both new and previously offered. In addition, VeVe’s 3D augmented reality photo mode allows collectors to interact with every digital collectible, as well as share their collectibles through VeVe’s in-app social feed, or on external social platforms including Twitter, Instagram, TikTok, and more.

In March 2021, VeVe committed to 100% carbon neutral NFTs and provided $7+ million in grants to environmental nonprofits to raise money for causes through NFT promotions. In addition, VeVe uses Ethereum’s layer 2 scaling protocol, Immutable X, which provides instant trade confirmation, scalability (over 9,000 trades per second), zero gas fees, and a 99.9% reduction in environmental footprint.

The VeVe Digital Collectible app is available on both iOS and Android.

Learn more: VeVe.me | Twitter | Discord | Facebook | Instagram | Medium

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ART & COLLECTABLES

Salvatore Ferragamo, an Italian luxury brand, has an NFT booth in SoHo

Customers can create and mint their own Ethereum-backed non-fungible tokens (NFTs) on OpenSea at a booth set up by Salvatore Ferragamo, an upscale clothing company with its headquarters in Florence, New York.

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The Salvatore Ferragamo concept store in the city’s SoHo neighborhood opened its doors on Friday, and the booth is a part of a bigger debut of the business. All visitors are eligible to receive free NFTs, which are limited to 256 in total. The brand will pay all associated costs up front to mint an NFT.

For the launch, the company is collaborating with artist Shxpir, who has previously created holographic handbags for businesses like Coach. Shxpir has produced 3D digital graphic elements for the NFTs for Salvatore Ferragamo.

Just one day after NFT, there will be a launch.

After a week of discussions about how fashion businesses may tap into the Web3 and NFT arena, NYC, a conference about non-fungible tokens in Times Square, comes to an end. Famous companies have lately debuted their own NFT collections, including Gucci, Prada, Bulgari, and many others.

Salvatore Ferragamo has previously entered the online space.

The company collaborated with Obsess, a virtual and augmented reality software platform that aids businesses in the establishment of interactive online storefronts and virtual experiences, last year. Customers could explore a virtual mansion that featured Ferragamo goods at the online store dubbed “House of Gifts.”

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