Copy
SUBSCRIBE      -      PAST ISSUES      -      SHARE
04.01.22



 

EDITOR'S NOTE 

It’s been a big week for digital art. The past few days have seen heavy-hitters such as Jeff Koons and Takashi Murakami making their NFT entries, which are set to grow interest in the NFT art market, if not draw the NFT and IRL art worlds closer (this, as Beeple has been creating physical reproductions of his NFTs, interestingly). Per Murakami’s prognostication, “I believe artworks in the metaverse will come to exist at a scale comparable to artworks in the current ‘real’ world.” For now, here’s what art is doing to the metaverse, and vice versa.

Reach out to us with NFT-related tips or stories for potential coverage in our upcoming editions. 

THE BIG STORY


What's fueling the NFT conversation

Image: Decentraland

METAVERSE FASHION WEEK DEBUTS

WHAT HAPPENED: Last week, the world’s first Metaverse Fashion Week (MVFW) took place in Decentraland with more than 70 participating brands, designers, and artists. In addition to runway presentations by the likes of Dolce & Gabbana + UNXD and Philipp Plein, the all-digital event also immersed visitors in a Luxury Fashion District, dotted with pop-up shops by The Fabricant and Selfridges x Paco Rabanne x Vasarely Foundation, exhibitions, and a movie theater showcasing films by brands including Chanel and Lanvin.

WHY IT MATTERS: Where IRL fashion weeks have long thrived off an air of exclusivity, MVFW 2022 stands out for being free and open to all, presenting visitors with greater user utility. Additionally, it offers lesser-known digital designers a platform to present their work to a larger audience. For example, NFT marketplace Rarible used its space in the district to spotlight the work of upcoming designers such as Scarlett Wang, Girl Gang, Fred Segal, and Charlie Cohen. 

In order for brands to succeed in the metaverse, MVFW underscores the opportunity for companies to cultivate strong communities and explore collaborations with emerging digital creatives along the way to crafting unique consumer experiences in the virtual realm.

 

THE NFT DROP TO KNOW


The release shaking up NFT commerce

Image: Meta History: Museum of War

ARTWORK: Meta History: Museum of War by the Ministry of Digital Transformation of Ukraine

THE LAUNCH:
 On March 30, the Ukraine ministry, in partnership with Fair.xyz, dropped its first official NFT collection as part of its Meta History: Museum of War. The project aims to preserve key events of the ongoing Russian-Ukrainian war, while raising funds to support the country’s military efforts. Each NFT features a verified tweet paired with striking visuals created by artists including Margarita Polovinko, Ann Khomych, and Sveta Bilyk. The initial drop encompasses 99 digital works, with prices starting at 0.15ETH ($507.52).

THE RECEPTION: According to Meta History, within a day, more than $500,000 had been raised via its NFT sales. On the secondary market, the collection has currently traded a total of 1.1ETH ($3782.68).

WHY IT MATTERS: As previously covered here, Ukraine has savvily leveraged the NFT and crypto space to crowdfund, amassing more than $60 million in crypto donations since February. Also vital here is the ministry’s decision to frame its NFT platform as a “museum,” particularly during a war that has been troubled by Russian disinformation. While attempting to provide a verified and factual chronology of the conflict, the Museum of War effectively documents and preserves history in real time, ensuring its persistence on the blockchain.
Post Post
Share Share
Tweet Tweet
Forward Forward

THE WEEK'S NFT RANKINGS

In partnership with  

                                                                          Last 7d Sales                   Last 7d Changes
 1  World Of Women Galaxy                            $69,832,326                              0%
 2  Azuki                                                            $53,932,937                          128.28%
 3  Bored Ape Yacht Club                                $43,855,550                           53.55%
 4  Mutant Ape Yacht Club                              $37,008,769                            31.49%
 5  Impostors Genesis                                     $33,862,921                             0%
 6  Kiwami                                                         $20,220,411                         1,563.89%
 7  Crabada                                                       $16,219,920                            25.78% 
 8  CloneX                                                          $15,691,471                            0.04%
 9  CryptoPunks                                                $10,648,874                           61.06% 
 10  Solana Monkey Business                         $10,038,410                           64.95%
For the week ending 3/31. Source: Cryptoslam.io
WHAT'S TRENDING

Image: Murakami.Flowers
MURAKAMI.FLOWERS
After an aborted NFT drop last year, Takashi Murakami has finalized and released his first digital collectibles. Murakami.Flowers will feature pixelized representations of the Japanese artist’s much-loved flower motif (“​​the center of my creative expression,” according to him), with each NFT bearing generative combinations of 108 backgrounds and colors to make up a total of 11,664 images. The whitelisted mint sale was initiated on March 29 and, prior to the public release or an art reveal, has already gone through the roof.

Murakami.Flowers 24-hour sales volume from March 29. Image: OpenSea 

Unsurprising for collectibles created by a celebrated artist and RTFKT collaborator, Murakami’s first mint currently boasts a floor price of 6.55ETH ($22,047.95) and in total, has moved more than 1.8KETH (over $6 million). Also interesting here was the whitelisting of existing CloneX Murakami drip holders — who proceeded to generate buzz — demonstrating the kind of perk that NFT communities are built for.
WERE YOU FORWARDED THIS EMAIL?
Sign up for Jing Culture & Crypto to receive weekly updates on what's happening in the NFT space and marketplace.
NFTS IN THE NEWS

Image: M·A·C

M·A·C VIVA GLAM X KEITH HARING NFT COLLECTION
On April 10, to mark National Youth HIV/AIDS Awareness Day, M·A·C Cosmetics will launch its first NFT collection, featuring the work of Keith Haring. The late pop artist’s heart and flying baby figures will be paired with M·A·C’s VIVA GLAM products in collectibles available in three rarity levels. All primary sales will benefit the M·A·C VIVA GLAM Fund to support youth impacted by HIV/AIDS.


DIPLO’S “DON’T FORGET MY LOVE” NFTS
Royal, the startup that enables musicians to fractionalize royalty ownership of their tracks, has landed another big name. Earlier this week, Diplo released 2,110 tokens of his latest cut “Don’t Forget My Love,” with three ownership tiers representing different percentages of ownership. The platform has previously collaborated with Ollie, Verite, and most high profile of all, Nas.


LACOLLECTION X AIKA DROP YANG JIECHANG NFTS  
NFT platforms LaCollection and AiKa have teamed up to release Yang Jiechang’s first digital works. Set to launch on April 1, the NFT collection links to the Chinese artist’s recent body of calligraphic ink paintings and will be released in different rarity tiers.


Images: Pace Verso
MOON PHASES BY JEFF KOONS
For a man not shy about mixing art and business, it’s taken Jeff Koons surprisingly long to enter the NFT space. But here he is: the most highly priced living artist will soon release Moon Phases via Pace Verso, encompassing NFTs relating to his new sculptures that — wait for it — will be landed on the actual moon in a mission spearheaded by Intuitive Machines. Yes, it’ll be the first NFT project that’s literally going to the moon.

MOAR BY JOAN CORNELLÀ
In collaboration with collectibles platform FWENCLUB, Spanish illustrator Joan Cornellà will be unveiling MOAR, his first NFT drop, in April. Featuring his signature characters with more than 200 generative traits, the collection of 5,555 avatars are also due to populate a mansion in the metaverse that will include games, shops, and virtual exhibitions when launched in November.


BAT COWL COLLECTION BY DC
Capitalizing on the release of The Batman, DC will be launching a set of 200,000 NFTs depicting 3D renderings of the superhero’s cowls throughout its 83-year history. Powered by Palm NFT Studio, the Bat Cowl Collection, packaged with a bunch of exclusive perks, will drop on April 26 on DC’s collectibles platform, and per the company, will be “integrated into future stories from DC Comics.”

Post Post
Share Share
Tweet Tweet
Forward Forward

EVENT SPOTLIGHT


Upcoming NFT events to watch

NON-FUNGIBLE CONFERENCE | APRIL 4 - 5 | LISBON
This event will activate the global NFT community for two days’ worth of talks, workshops, and experiences covering topics ranging from art to gaming. Digital pioneers Kevin Abosch, Obvious, and Mario Klingemann are set to feature. LEARN MORE
PARIS NFT DAY | APRIL 12 | PARIS
Happening as part of Paris Blockchain Week Summit, this hybrid event features conferences and networking opportunities as it delves into how NFTs are reshaping the key fields of luxury, art, metaverse, sport, and gaming. LEARN MORE

ON OUR RADAR


What's on the NFT horizon

Image: Line

LINE NFT
On April 13, Japan’s largest social media network LINE will launch LINE NFT, a marketplace where users can mint and sell tokens on the company’s LINE Blockchain using the LINE BITMAX wallet. The platform debuts with a collection of NFT stamps from entertainment conglomerate Yoshimoto Kogyo, with further utility planned for these collectibles. 


VISA CREATOR PROGRAM
As part of its push to make NFTs more accessible, Visa has unveiled its Visa Creator Program, a one-year immersion course aimed at helping creators integrate NFTs into their business model. Successful candidates will have access to Visa's technical and product mentorship, thought leadership programs, a community of fellow creators, networking opportunities, and a one-year stipend.

IN CASE YOU MISSED IT


Catch up on Jing's NFT coverage

“Because this is virtual, the only limitation is your imagination. And that’s the incredible thing about the metaverse, isn’t it?”

— Simon Whitehouse
Founder of EBIT


How EBIT Paved Its First XR Experience With Art, Fashion, Music, And Purpose
Launched late last year, the multi-sensory Yellow Trip Road roped in collaborators like THE DEMATERIALISED to raise awareness around mental health.  

The Top NFT Fashion Collaborations Taking China By Storm
With metaversal collaborations making waves, Jing Daily looks at this month’s top NFT collaborations launching in China’s digital realms.  

The Potential And Pitfalls Of NFTs In The Museum Sphere
Cuseum's 2021 webinar broached four key considerations — from environmental concerns to inclusivity — for museums looking to dip into crypto waters.

LinkedIn
Facebook
Twitter
NEW YORK – LONDON – SHANGHAI
You are receiving this email because you signed up for updates from Jing Culture & Commerce. You can update your preferences or unsubscribe from this list. Copyright © 2021 Jing Culture & Commerce, All rights reserved.