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What are NFTs? Cryptocurrency technology is driving new digital art craze – CTV News

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TORONTO —
A new craze is sweeping through the art world, but it’s of solely digital work.

Using blockchain technology — which is what underpins cryptocurrency transactions like Bitcoin — to authenticate who owns the pieces, digital assets known as “non-fungible tokens,” or NFTs, are selling for millions.

An NFT is a singular, one-of-a-kind digital token that cannot be interchanged with other tokens – which makes them optimal for buying and selling art or other collectibles as they accrue value independently.

NFTs give a digital certificate of ownership to buyers to prove authentication of both the work and the purchase, but does not give buyers the original file or copyright – which is why NFTs have been labeled as a “bragging rights” purchase.

Canadian Trevor Jones, who lives in Scotland, sold more than $3 million worth of digitally-authenticated versions of his painting “Bitcoin Angel” in just seven minutes.

“It’s crazy how fast this space is moving,” Jones told CTV News. “This is the first time in history that an artist could monetize digital pieces.”

A version of the “nyan cat meme,” where a pixelated cat with the body of a Poptart flies over a rainbow, sold for US$590,000 at auction, and a 10-second video clip by digital artist “Beeple” sold for US$6.6 million.

Canadian musician Grimes recently sold US$6 million dollars worth of NFTs as well.

Even the NBA is getting in on the action – with the biggest transaction to date on Feb. 22, when a user paid US$208,000 for a video of a LeBron James slam dunk.

Auction house Christie’s has recently moved into the digital space, offering a new Beeple piece on the block. NFTs have surged in popularity during the COVID-19 pandemic as more and more people purchase items digitally due to lockdowns and stay at home orders.

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40 Random Bits of Trivia About Artists and the Artsy Art That They Articulate – Cracked.com

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40 Random Bits of Trivia About Artists and the Artsy Art That They Articulate  Cracked.com



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John Little, whose paintings showed the raw side of Montreal, dies at 96 – CBC.ca

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John Little, whose paintings showed the raw side of Montreal, dies at 96  CBC.ca



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A misspelled memorial to the Brontë sisters gets its dots back at last

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LONDON (AP) — With a few daubs of a paintbrush, the Brontë sisters have got their dots back.

More than eight decades after it was installed, a memorial to the three 19th-century sibling novelists in London’s Westminster Abbey was amended Thursday to restore the diaereses – the two dots over the e in their surname.

The dots — which indicate that the name is pronounced “brontay” rather than “bront” — were omitted when the stone tablet commemorating Charlotte, Emily and Anne was erected in the abbey’s Poets’ Corner in October 1939, just after the outbreak of World War II.

They were restored after Brontë historian Sharon Wright, editor of the Brontë Society Gazette, raised the issue with Dean of Westminster David Hoyle. The abbey asked its stonemason to tap in the dots and its conservator to paint them.

“There’s no paper record for anyone complaining about this or mentioning this, so I just wanted to put it right, really,” Wright said. “These three Yorkshire women deserve their place here, but they also deserve to have their name spelled correctly.”

It’s believed the writers’ Irish father Patrick changed the spelling of his surname from Brunty or Prunty when he went to university in England.

Raised on the wild Yorkshire moors, all three sisters died before they were 40, leaving enduring novels including Charlotte’s “Jane Eyre,” Emily’s “Wuthering Heights” and Anne’s “The Tenant of Wildfell Hall.”

Rebecca Yorke, director of the Brontë Society, welcomed the restoration.

“As the Brontës and their work are loved and respected all over the world, it’s entirely appropriate that their name is spelled correctly on their memorial,” she said.

The Canadian Press. All rights reserved.

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