Sothebys auction 2020 - physical object and also NFT

• helped validate the NFT space

• Sothebys as amarket leaeder of NFTs

• metavers as an exhibition context to showcase NFT but also bring the digital art into real space

• NFT were created as rejection of White Cube Model of curation

• the technology has changed a lot

• certificates of authenticity were transformed from pieces of paper to binding the provenence by shared standarts on the blockchain on VERISART ?

• the generative art work in the project

• Warhol digital works in the 80ies → brings us to NFTs

• arthistory behind that space

• Vera Molnar (first NFT artists) / SoLeWitt

• Didital world is very real to us - movemnet of collecting art online on Instagram (new feature on Instagram), buying digital clothes

• Generative Art in the NFT space!!! most interesting movement Taylor Hobbs

• Who are the buyers of NFTs? 50percent new bidders and buyers mostly 10 years younger global collectors from the tech sector, some believe stringly into the technology and only buy NFT and digital art; some cross overs with traditional collectures (prices over 100.000) thats why it is difficult for traditional buyers to be interested in something new at this price point

• hermes bag - the meta-birkins digtal NFTs - the creators was siewing copiers of his idea but birking never autorized it in the first place; Platforms like OpenSea have more and more users and they are reacting with high speed / fake accounts / auctions trasfer the NFTs slower than platforms / we do enforce creator identification with government identity identification

• who has the right and ownership who is the actual creator / the algorithm or the artist? human creativity and artificial creativity - you get into copyright issues birkin bag - artist buying a bag and paint on it / 3d model and paint on that? where is the difference? Generative Art you use code libraries - who is the creator? With AI it gets even more comlplicated! - you run a GAN (AI) with a whole lot of filters to get all the content that was already online - should you be able to own copyright of those GAN creations?

  • you are NOT the creator - US court made a statement - you have to be very careful with appropriation of images

  • with AI creative/artistic autonomy gets very difficult! New thoughts to bring Art forward

  • creative autonomy and autonomy of life

  • NFT once it has been minted you cannot ever take it out!

• Sheppert Fairies - Obama image case to supreme court - now he uses copyright

• only use licesences images without copyright

• is your work based in part or in full on somebody elses work

• Lamborgini NFT logo case (siuing)

• who is the audience of generative art? Who are the collectors?

  • market of NFTs is growing

  • 4 billion people, half a percent penetration

  • the reason it has become so popular : it strikes at the heart on why people are coming to the NFTs - more pure form of sovereininty when it comes to images - the code is drawn in a smart contract

  • sverenity of where the actual item derives?

  • Token URI instead if URL

  • Book “soverein individuals” (crypto generation)

  • the Bitcoin code itself is very inspired by the coveronity movement

• collage of NFT monkeys (101 apes) - made a record (popular image)

  • elon musk using the image as profile pic - he was asked by the creator to remove it - he said “it looks quite fungable” joking with the NFT space

  • COPYRIGHT the image always sits in the artists rights until 70 years after death even after the NFT has been sold!

    • 20% of every time it gets sold the artist gets something

    • the bored apes were fully licencenced to the buyer (gave everyone the copyright) thats why they became so successful → decentralization as a successful exemple of the phylosophical thoughts behind NFTs

    • open community not closed garden

    • as an artist has to be protective to where when it is shown and the commecial use of their artwork

    • Avartar projects as companies and business entities themselves - reliance on the vision of the crowed - quite a populist project, open permissionless, creates a ground spot for excitement to be able to won something from a creator and then advertise it as part of the bigger project or cummunity

  • Can we use blockchain for architecture and etc. as well?

    • I think there is a lot of work to arrive there but it could make transactions a lot easier

    • makes sense to alterate to real estate

    • the wallet infrastructur does not exist to it!

    • maybe there will be a platform that transforms the credit card to convert it into cripto but it does not feel like it! it is so diificult to get people interested - mass adoption will come when the platform becomes more acessible!

    • 2008 the white paper was published

    • tokenization of assets!!! companies doing paintings (when does the participation biultup)

    • what does the next generation of the internet will look like? Internet 3 - WEB 3

      • option 1: AI ? privacy issues

      • option 2: the soverenighty of the individual data at the core

        • tokenazation also in the physical space maybe as well

      • create a blockchain that doesnt crash!

collective faith in the asset of coins!

managing that community and create value for them

environmental concerns

• different types of blockchain

• action houses want to sell NFT off etherum cause its largley in use and seems the most reliable to the buyers (willingness to park their money)

  • desire for collector for their contracts of the NFT are still reliable in the future cause the coin seems more stable even though its not as good for the environment

  • energy consumption over blockchain is very transparent in comparison to other pullutions

    • it becomes the focuse of the problem just because its very visible, a lot of pollution (often more) is attached to physical works (transportation) which is not visible or quantifiable; NFTs do not waste resources of nature;

  • the technology will become more efficient