Cointime

Download App
iOS & Android

Concept2048’s NFT Polyptych Brings Fresh Air Into the NFT Art Market

The acceptance of digital art in its many formats is continuing unabated, in large part thanks to the revolutionary inclusion of Non-Fungible Tokens (NFTs) into the creative process. The ability to issue digital art in NFT format and tether a unique digital identifier to any conventional piece of talent has spawned an entirely new breed of artists with solid followings.

Michael Winkelmann, best known as Beeple – a hugely successful NFT artist, is testimony to the growing popularity of digital art and the encroachment of advanced blockchain-based solutions into visual expression territory. In a recent interview with Wall Street Journal, the artist told that having a verifiable database of art is a major boost for the entire art industry in tracking provenance and adding reliability for both artists and collectors.

But not only that. NFTs expand art’s influence beyond mere database tethering, as evidenced by Ekaterina Perekopskaya and Rostyslav Brenych. The creative duo from Concept2048 made a groundbreaking impact at the 59th Venice Art Biennale’s Personal Structures exhibition with their polyptych of 2,048 hand-made NFT-based photographs focusing on raising awareness of global challenges.

The mesmerizing images depicting a kaleidoscope view of a mystical envoy from a distant verse draw attention to the scarring issues affecting our world – climate change, pollution, overconsumption, poverty, and the myriad other woes that should incline one to abandon individualism in favor of caring and sustainable development for all of humanity.

Taking on inspiration from their backgrounds in fashion, art and conceptual production, Ekaterina Perekopskaya and Rostyslav Brenych are releasing the limited Concept2048 collection in an effort to spur collectors to contribute to building a better future as part of the attracted funds will be donated to charities. NFT owners can vote for one of four elements – water, fire, earth, or air, thus selecting the area they wish to support. The authors believe that NFT owners trying on the guise of the image they acquire from the collection will have a palpable incentive to improve our world by looking at it from an otherworldly perspective. 

The immense success of Concept2048 saw its first batch of NFTs sold out in mere hours, with the public sale scheduled for January 24, 2023. 1,448 NFTs are slated to be sold on the OpenSea marketplace, and another 600 NFTs on the Ton Diamonds and Getgems platforms. The limited spots in the whitelist available can still be acquired on the project’s official website or through the Concept2048 Telegram community bot.

Recent research into the NFT market’s growth potential in 2023 indicates that new collections will be demanded and traded, as evidenced by record-breaking sales of NFT art at Sotheby’s auctions. NFTs are also likely to see broader integration in gaming via the Play-to-Earn model and metaverse environments. But art is certain to remain the prime focus for NFT, considering the expansion of its application in the film, TV, and music industries.

NFT
Comments

All Comments

Recommended for you

  • On-chain indexing service Subsquid completes financing of US$17.5 million, with participation from DFG and others

    Subsquid, a chain indexing service, announced the completion of a $6.3 million financing through the CoinList community. As of now, its total financing amount has reached $17.5 million, with participation from DFG, Hypersphere, Zee Prime, Blockchange, and Lattice. It is reported that its native token, SQD, is scheduled to be listed this Friday. The Subsquid SDK has been integrated with Google BigQuery, allowing developers to use Google's technology to analyze blockchain data and reduce the data costs of large-scale deployment in the blockchain and developer communities.

  • Optimism 2024 Q1 Report: The implementation of EIP-4844 reduces L1 submission costs by 99%

    Optimism has released its Q1 2024 report, which shows that the number of daily active addresses has reached 89,000 (a 23% increase compared to the previous period), and the daily transaction volume has increased to 470,000 (a 39% increase compared to the previous period). These indicators are slightly lower than the historical high point in Q3 2023.

  • US Secret Service seizes domain used to run cryptocurrency scam

    On May 17th, the US Secret Service seized a domain used for cryptocurrency trust fraud in a "pig-killing plate" scam. In the "pig-killing plate" scam, scammers contact victims through various means, including dating apps, social media websites, and even random text messages disguised as wrong numbers.

  • Peaq Completes $20 Million Fundraising via CoinList Launch

    Peaq, a Layer1 blockchain applicable for DePIN and machine RWA, announced on X platform that it raised $20 million through its native token Launch, which was launched on CoinList from May 9 to May 16. As of now, over 145,000 community members have completed over-subscriptions of over $36 million. The new funds will be used to accelerate the growth of the peqosystem and further consolidate various ecosystem and community plans.

  • LocalMonero to Shut Down in Six Months Amid Regulatory Pressure and Internal Factors

    LocalMonero, a peer-to-peer exchange for trading privacy coin Monero (XMR), has disabled all trades and will be taken down in six months, according to parent company AgoraDesk. The company cited a combination of internal and external factors for the decision, but did not provide specifics. The move follows a trend of P2P crypto trading platforms shutting down due to regulatory challenges, including LocalBitcoins and Paxful. LocalMonero's closure also comes amid pressure from regulatory authorities on privacy coins, with exchanges including Binance and Coinbase delisting tokens like Monero and Zcash.

  • French securities regulator issues new warning to Bybit

    The French securities regulator has issued a new warning to the cryptocurrency exchange Bybit, urging customers to make arrangements for the possibility that the platform may suddenly stop providing services to French customers. The Financial Markets Authority (AMF) stated in a notice on Thursday that the exchange is not registered as a Digital Asset Service Provider (DASP), and therefore is providing services illegally in France. Bybit has been blacklisted by the AMF since May 20, 2022 for illegal operations.

  • Gaming platform Param Labs completes $7 million financing, led by Animoca Brands

    Gaming platform Param Labs has completed a $7 million financing round, led by Animoca Brands with participation from Delphi Ventures and Cypher Capital. Param Labs aims to establish a gaming ecosystem managed by its native PARAM token, which is set to launch soon. The company's first game, "Kiraverse," is a multiplayer shooting game that allows players to earn money while playing.

  • Blockchain SaaS solution AfriDex completes $5 million Pre-Seed round of financing, led by Endeavor Ventures

    AfriDex, a blockchain software-as-a-service solution based in London, UK, announced the completion of a $5 million Pre-Seed round of financing with Endeavor Ventures leading the investment and African Crops Limited, Oldenburg Vineyards, and Hank Oberoi participating. AfriDex is currently focused on the agricultural market, providing comprehensive on-chain solutions to support and protect supply chain participants, utilizing blockchain technology to achieve traceability, frictionless payments, anti-fraud transactions, verified authentication, simplified tax and subsidy management. (finsmes)

  • Cointime May 3rd News Express

    1. The 133rd Ethereum ACDC meeting: The goal is to complete the devnet within 7-10 days

  • DWF Ventures announces investment in blockchain game developer Overworld

    DWF Ventures announced an investment in Overworld, a chain game developer. Overworld recently announced plans to launch another NFT series, and in addition, Overworld will soon launch the main world arena.