Berman Jerry Nowlin Jr., creator of “Undead Apes” NFTs, has been found guilty of conspiracy to commit wire fraud and money laundering by a Florida jury. Nowlin and his co-creator made nearly $400,000 from the scheme, which piggybacked off the success of their previous collections to mislead investors.
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The “ancestor of the NFT”: one of Yves Klein’s empty zones comes up for sale
During the final three years of his life, French conceptual artist Yves Klein (1928-1962) created nine “empty zones” (invisible and intangible areas of empty space existing only in conceptual terms) which could only be purchased with pure gold. The buyer was then presented with a receipt, which could either be set on fire in a ritual between artist and owner, or preserve it, meaning that the immaterial purchase would be transferrable. One of these receipts is now coming up for sale at Sotheby’s, and its similarities to the modern-day NFT are so notable that Sotheby’s are going so far as to accept not pure gold, but cryptocurrency for it.
Continue readingCryptocurrency radicalising the face of art ownership
Fancy owning a stake in an Andy Warhol painting? A Georgian gallery owner known as the “Queen of Crypto” is offering you the chance. Continue reading