The U.S. Department of the Treasury released a study on the high-value art market, highlighting the potential in the nonfungible tokens (NFT) space to conduct illicit money laundering or terror financing operations.The treasury’s “Study of the facilitation of money laundering and terror finance through the trade in works of art” suggested that the increasing use of art as an … [Read more...] about US Treasury targets NFTs for potential high-value art money laundering
Art
AI-generative art predicted to be next trend for NFT sector
Sales of nonfungible tokens, or NFTs, reached $25 billion in 2021, demonstrating that the sector is one of the most sought-after markets in crypto. Art NFTs, in particular, made a big impact last year with Christie’s reporting over $93 million in nonfungible token sales during its fourth annual Art+Tech Summit that took place this past August. While notable, much of the crypto … [Read more...] about AI-generative art predicted to be next trend for NFT sector
Nexo partners with Three Arrows Capital to launch NFT lending & art financing service
Nexo, the crypto borrowing and exchange platform, has launched an NFT Lending Desk in partnership with NFT hedge fund Three Arrows Capital. The new lending desk caters to over-the-counter, or OTC, clients to offer crypto credit backed by NFTs. Nexo is one of the first crypto lenders to allow customers to borrow stablecoins, ETH, and other cryptocurrencies using certain NFTs as … [Read more...] about Nexo partners with Three Arrows Capital to launch NFT lending & art financing service
Can NFT Art Survive Its Own Addiction to Elitism?
As part of our Culture Week coverage, members of CoinDesk’s Layer 2 team have been comparing notes about our experiences of non-fungible token art events in New York and elsewhere over the past year. One theme has been the prevalence of closed-door events – and equally closed-door attitudes. There are entire NFT gallery shows restricted to people who’ve already shelled out tens … [Read more...] about Can NFT Art Survive Its Own Addiction to Elitism?
The Two Miami Art Weeks
On Wednesday night, at an event co-sponsored by this website, Pitbull gave a rousing five-minute speech analogizing the city of Miami to a “pineapple” before disappearing into the crowd, while in the lobby of the Beachcomber Hotel, guests staged impromptu photo shoots amid rows of physical NFT screens. Erykah Badu and Azealia Banks performed that night, too, at an outdoor party … [Read more...] about The Two Miami Art Weeks