Surviving the Bear Market: Claiming Your $FRAME Tokens

The NFT world is buzzing with excitement over the latest innovation: Frame Network. It’s not just a new platform; it’s a game-changer for creators and collectors alike. If you’re an NFT enthusiast who’s navigated the murky waters of the bear market, you might have just struck gold with $FRAME tokens.

Frame Network: More Than Just a Platform

Frame isn’t just another network; it’s the Layer 2 solution designed specifically for NFT transactions. Its integration with Ethereum and the innovative use of the Arbitrum Nitrostack sets it apart, offering lower fees, faster block times, and maintaining EVM-equivalence and tooling. This is a major leap forward in terms of performance and scalability.

Palette Protocol: Revolutionizing Royalties

One of the standout features of Frame is the Palette Protocol. Enshrined at the execution client level, it offers a permissionless platform for creating marketplaces while ensuring that creators are rewarded through royalties. This protocol is a testament to Frame’s commitment to supporting creators.

I survived the bear market and claimed my $FRAME tokens!@frame_xyz is the Layer 2 for creators and collectors. If you've traded NFTs on Ethereum and paid royalties in the past two years you're eligible!

You can check here https://t.co/1ehCrGEnrz

— Mal | Art Collector (@mal_nft) December 19, 2023

Asset Security and the Creator’s Fund

Security and support are at the forefront of Frame’s philosophy. With new standards and protocol-layer changes, Frame ensures the safety of digital assets. Additionally, the Creator’s Fund, supported by L2 gas fees, is a bold initiative to back creators and participants within the ecosystem.

Community-Driven and Open Source

Frame stands out as a community-driven, open-source project. It’s a collaborative effort by experts who have shaped some of the top protocols in the space. This approach fosters a strong sense of belonging and investment among users and creators alike.

Why Frame Matters

• Innovation Hub: Frame is the ideal place for deploying new NFT projects and mechanisms, pushing the boundaries of what’s possible in the digital asset space.
• Performance: With its high-performance capabilities and enforced royalties, Frame is setting new standards for NFT platforms.
• Community Focus: By being built for and by the community, Frame ensures a user-centric approach, aligning with the interests and needs of NFT enthusiasts.

Conclusion

Frame Network is not just another Layer 2 solution; it’s a revolutionary platform that empowers creators, enhances asset security, and fosters a strong community. It’s a significant stride in the evolution of NFTs, and its future seems as bright and promising as the digital artworks it supports.

TLDR: Frame Network, a new Layer 2 solution on Ethereum, is revolutionizing the NFT space with its Palette Protocol, asset security, and community-driven approach. It offers lower fees, faster block times, and a Creator’s Fund, making it an exciting platform for creators and collectors alike.

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A New Chapter in Digital Art

The prestigious auction house Christie’s has crossed a historic milestone with its fully on-chain Web3 platform, Christie’s 3.0. Launched just a year ago, this groundbreaking platform has already hosted six auctions featuring over 100 works of digital art from more than 70 artists. The platform made its debut with the “Diana Sinclair: Phases” auction, which achieved a 100% sales rate. Since then, the platform has seen an influx of new registrants and bidders, marking it as a resounding success.

A Commitment to Artists and Collectors

Nicole Sales Giles, Christie’s Vice President and Director of Digital Art Sales, remarks, “Since March 2021, Christie’s entry into the digital art space has been transformative. We’ve had the honor of collaborating with a variety of talented artists and collectors. Our fully on-chain platform has revolutionized how we offer exceptional digital art, and has been instrumental in educating and expanding our global audience. Christie’s continues to prioritize artists, spotlighting top-notch talent in the digital art community.”

Bridging Physical and Virtual Realities

Jon-Ross Le Haye, Head of Digital Design at Christie’s, adds, “Christie’s 3.0 isn’t merely an auction platform; it’s a holistic collecting experience. Designed with intuitive, user-friendly interfaces and powered by advanced on-chain bidding technology, the platform also integrates with physical events through augmented virtual galleries. This hybrid approach resonates with collectors’ evolving preferences and firmly establishes Christie’s as an innovator in the art market.”

Artists Speak: The Christie’s Experience

Several artists have shared their life-changing experiences with Christie’s 3.0. Diana Sinclair notes the platform’s willingness to back young, risk-taking artists, describing the collaboration as “monumental and beautiful.” Claire Silver recounts the surreal feeling of seeing her AI artwork displayed at Christie’s, calling it a “life-changing experience.” DeeKay likened auctioning art at Christie’s to “sharing a piece of my soul with the world,” emphasizing that we are in a new era where digital art is recognized as a legitimate form of artistic expression.

Notable Sales and Future Directions

Among the top-performing lots on Christie’s 3.0 was Deekay’s Self-Discovery, which fetched a staggering 48.4 ETH ($91,868.52). Other notable sales include Lushtemples by Zancan, Life in Our Minds: Mother Flock by Random International, and Cold by Ripcache. These sales and more highlight Christie’s 3.0’s role in driving the digital art market forward.

• Zancan: “Lushtemples” – 54.45 ETH ($66,973.50)
• Random International: “Life in Our Minds: Mother Flock” – 50 ETH ($61,500.00)
• Ripcache: “Cold” – 25 ETH ($49,638.50)
• Ripcache: “Presence” – 24.2 ETH ($48,050.31)
• Mad Dog Jones: “A Gust of Wind” – 19.97 ETH ($37,905.26)
• Sam Spratt: “IOU One Edition of 256” – 19.52 ETH ($37,051.11)
• Jack Butcher: “Air” – 19.88 ETH ($36,917.16)
• William Mapan: “Bestiaire: Flamant Rose” – 15.069 ETH ($27,877.65)
• Diana Sinclair: “I Am That I Am” – 20.82 ETH ($26,875.50)

TL;DR

Christie’s 3.0, the fully on-chain Web3 platform of the iconic auction house, celebrates its one-year anniversary with significant achievements. The platform has hosted six auctions, featuring over 100 works by more than 70 artists, and has attracted numerous new registrants and bidders. With a focus on bridging the physical and virtual worlds and putting artists at the forefront, Christie’s 3.0 is setting new standards in the digital art market.

The post Celebrating a Milestone: One Year of Christie’s 3.0 Shaping the Future of Digital Art Auctions appeared first on NFT CULTURE.

The Science Behind NFTs: Ensuring the Authenticity of Digital Art through Blockchain Technology

In the contemporary art scene, the concepts of authenticity and originality have always been pivotal. Yet, with digital art becoming more prevalent, ensuring the genuineness of a piece became a nuanced challenge. This challenge was met head-on with the advent of Non-Fungible Tokens (NFTs) and the revolutionary blockchain technology that backs them.

1. What are NFTs

At its core, an NFT, or Non-Fungible Token, is a distinct digital asset that’s secured and verified through blockchain technology. This ensures that each token (typically representing a piece of digital art) is truly unique and cannot be duplicated. This is a departure from traditional cryptocurrencies like Bitcoin or Ethereum, which are fungible and interchangeable on a like-for-like basis. Each NFT has a set of unique attributes that make it distinct and therefore non-replaceable.

2. Demystifying Blockchain’s Role in Authenticating Digital Art

Blockchain can best be described as a decentralized digital ledger, chronicling a chain of transactions. Each recorded transaction is transparent and nearly impervious to modifications. Here’s a detailed breakdown of how it bolsters the authenticity of digital art:

• Immutable Records: After an artwork is minted as an NFT on the blockchain, this action forms an indelible record. Subsequent ownership transfers append to this initial record, facilitating a crystal-clear provenance trail of the artwork.
• Transparent Provenance: Blockchain’s transparency provides a dual advantage. Artists can irrefutably claim original creation rights, while collectors can ascertain the legitimacy of the artwork. Every change in ownership, bid, or transfer is documented, offering a comprehensive history of an NFT.
• Smart Contracts and their Efficacy: Smart contracts are essentially automated contracts with terms of agreement encoded directly into lines of code. These can be seamlessly integrated into NFTs. For instance, they can be structured to ensure artists get a specified percentage of sales as royalties whenever the artwork exchanges hands, promoting fair economic practices in the digital art ecosystem.

3. Reshaping the Artistic Landscape

By offering a robust mechanism for verifying authenticity, blockchain technology and NFTs have elevated digital artistry, placing it on a pedestal historically reserved for traditional art mediums. Digital artists can now confidently monetize their creations without the looming threat of unwarranted replication or forgery. Conversely, collectors and investors can rest assured, knowing the digital assets they procure are exclusive and genuine.

4. Glimpsing into the Future: Art and NFTs

With rapid advancements in technology, the horizon seems promising. We foresee more refined methods of authenticating digital art, coupled with the diversification of NFT applications. Beyond art, sectors like music, literature, gaming, and even real estate are beginning to harness the potential of NFTs, signaling a profound shift in how we perceive value and originality in the digital age.

The synthesis of art and technology, as epitomized by NFTs and blockchain, is not just a fleeting trend. It’s a testament to the evolving paradigms of creativity, commerce, and authentication in the digital era.

The post NFT 101: Your Guide for Navigating NFTs in 2023 and beyond appeared first on NFT CULTURE.

TL;DR: Bloom Editions: Season 1 is a limited edition drop featuring 5 artworks by renowned artists, emphasizing growth and transformation through flower motifs. The income from the drop supports the artists and future IRL exhibitions. The artworks are optimized for printing, allowing collectors to easily produce high-quality prints. During the drop, collectors can buy tokens that grant them random artworks, with the option for unique pieces when purchasing multiple tokens. After the drop, the artworks are airdropped to collectors’ wallets. Bloom plans to have recurring drops with more artists joining in the future. Season 1 collectors receive tokens and an airdropped artwork, and a reward mechanic is being developed in collaboration with them.

View the drop on manifold

About the drop

Bloom Editions: Season 1 presents a remarkable limited editions drop brought to you by the talented team at Bloom. This anticipated event showcases five extraordinary artworks created by renowned artists, each carefully selected to embody the spirit of growth and transformation that Bloom represents. Through the skillful use of flower motifs in diverse and captivating ways, the team at Bloom Editions presents a collection that is sure to captivate art enthusiasts.

The first installment of this drop features artworks by Stephan Duquesnoy, Hannes Hummel, David Lisser, NoCreative, and Jenni Pasanen. These artists have masterfully captured the essence of Bloom, and their works truly exemplify the team’s commitment to curating exceptional pieces that resonate with audiences.

In addition to offering a visually stunning collection, the Bloom team has gone the extra mile to ensure that the artworks are optimized for printing. Recognizing the significance of physical art in a digital world, they have taken great care to ensure that each artwork can be seamlessly transformed into a tangible piece. With dimensions of 50x70cm at 300dpi, collectors can effortlessly bring these digital marvels to life, allowing the art to transcend the confines of the digital realm.

The drop mechanics devised by the Bloom team add an element of excitement and exclusivity to the experience. Collectors have the opportunity to purchase tokens during the drop, with each token granting them a chance to receive a randomly assigned artwork. However, the team has ingeniously crafted the system to reward those who acquire multiple tokens, ensuring that each collector is bestowed with a unique and extraordinary selection of artworks. This innovative approach to token distribution creates a sense of anticipation and surprise, adding an extra layer of excitement to the collection process.

Upon the completion of the drop, collectors will be treated to a truly delightful surprise. The Bloom team has planned an airdrop of the artworks directly into the wallets of the fortunate collectors, allowing them to effortlessly access and enjoy these captivating pieces.

As Season 1 comes to a close, the Bloom team aims to continue their journey with recurring drops. Their vision extends beyond this inaugural season, as they hope to incorporate even more artists from their roster in future releases. By offering a couple of drops each year, the team seeks to provide a continuous stream of artistic excellence, ensuring that collectors and art enthusiasts are consistently delighted with new and captivating creations.

To express their gratitude to the collectors of Season 1, the Bloom team has plans to develop a rewarding mechanism that will allow participants to make use of their Season Tokens in an engaging and immersive manner. By involving the collectors in the design process, Bloom aims to co-create an experience that will be truly unforgettable.

Bloom Editions: Season 1 is a testament to the passion, expertise, and creative vision of the Bloom team. Their meticulous curation, commitment to printing quality, innovative drop mechanics, and dedication to fostering a thriving art community all shine through in this extraordinary event. With Season 1 setting the stage for future drops, the Bloom team’s enthusiasm and dedication promise an exciting and vibrant future for Bloom Editions.

Rewards

At the end of the Bloom Editions: Season 1 drop, collectors will find they have both their tokens and an airdropped artwork in their wallet. We still need to work out a good reward mechanic that lets collectors use their season Tokens in an interesting way. But we hope to design something together with the collectors of Season 1.

View the drop on manifold

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Prada, the renowned Italian luxury fashion label, is preparing to introduce its 42nd Timecapsule NFT collection, which showcases exquisite tank tops complemented by digital assets.

The esteemed brand, widely acknowledged for its opulence and forward-thinking approach, is venturing into the rapidly expanding realm of NFTs through Prada Crypted, its digital initiative launched in late 2019. Since last year, this fashion powerhouse has been issuing NFTs that serve as digital certificates of authenticity for its exclusive, high-end physical merchandise.

Prada’s forthcoming release in June will feature a special edition of tank tops crafted from upcycled floral-pattern jacquard terry cloth sourced from the esteemed Prada Archive. These tank tops, designed in blue and white floral motifs, prominently display the brand’s iconic enameled triangle logo on the front, while the back is adorned with a unique “June” tag, symbolizing the month of their debut.

Each exquisite piece of clothing will be accompanied by an exclusive non-fungible token (NFT), granting holders privileged access to the esteemed Prada Crypted community on Discord. This exclusive membership offers a range of benefits and invitations to exceptional events. The minting process for these NFTs will commence on June 1st at 3 PM CET and will only be available for 24 hours. Due to the limited edition run of just 50 pieces, collectors are advised to act swiftly to secure their desired items.

Enthusiasts from various countries, including Australia, China, France, the United States, the United Kingdom, and many others, are cordially invited to partake in this extraordinary fusion of fashion and digital art.

Last year, Prada established the Prada Crypted Discord community, providing fashion enthusiasts with a platform to express their passion and ideas, while also gaining early access to future designs and NFTs. This initiative effectively merges the diverse realms of luxury fashion, art, architecture, cinema, music, and the cutting-edge Web3 technology.

An intriguing aspect of this initiative is the opportunity for customers who had previously purchased Prada Timecapsule items before the launch of the NFT initiative in June 2022. They can now claim their corresponding Timecapsule NFTs that align with their pre-existing physical goods.

Prada announces the second year of its renowned Timecapsule NFT Collection, with drops starting in June 2023, featuring an exquisite floral pattern. The initial drop on June 1st will commemorate the arrival of the summer season.

For its 42nd Timecapsule collection, Prada presents a luxurious tank top as its offering. Crafted from upcycled floral-pattern jacquard terry cloth sourced from the prestigious Prada Archive, the tank top exudes elegance. The front of the garment proudly showcases the iconic Prada enameled triangle logo, while the back features a distinctive “June” tag. Each shirt comes with a complimentary NFT, serving as an invitation to join the exclusive Prada Crypted NFT community on Discord.

The Prada Timecapsule collection is available to customers in various countries for only 24 hours. The highly anticipated launch will take place on June 1st, 2023, at 3 pm CET. Furthermore, each drop is strictly limited to just 50 items, adding to their exclusivity and desirability.

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Over the past two years, FVCKRENDER has embarked on an incredible digital art adventure, pushing boundaries, experimenting, and captivating a larger audience than ever imagined. As the body of work grows, it’s time to consolidate and strengthen the connection with collectors, fostering a sense of belonging and excitement. This is where FVCK TOKEN// comes into play, serving as a pivotal component within the art ecosystem to streamline operations and refocus attention on the art and its dedicated supporters.

Airdrops, Burning, and Simplifying the Experience: FVCK TOKEN// aims to redefine the FVCKRENDER collector experience by introducing smaller collections, creating a stronger bond between the artwork and its owners. In an effort to simplify and enhance cohesion, select 1/1 and small edition holders, as well as a special group of @lvcidia holders, will receive airdrops of FVCK TOKEN//. Additionally, holders of higher edition works will have the opportunity to burn their pieces in exchange for FVCK TOKEN//. To optimize cost efficiency, a two-month window will be provided to accommodate burners, allowing them to find a time slot with lower gas fees.

The Dominance of FVCK TOKEN//: FVCK TOKEN// will assume a central role in FVCKRENDER’s art ecosystem, serving as the primary form of value. It will enable collectors to purchase new artwork, act as a bid pass, a mint pass, and reward participants in various ways. By embracing FVCK TOKEN//, both existing collectors and the broader community can continue to join the artist on their creative journey. This approach brings structure, cohesion, purpose, and simplification to all outstanding plans and future endeavors.

FVCK CRYSTAL// and Future Burning Mechanisms: While FVCK TOKEN// takes center stage, FVCK CRYSTAL// remains a vital asset within @lvcidia. Excitingly, future burning mechanisms are on the horizon for avatars and crystals, adding another layer of depth and engagement to the overall experience.

FVCK TOKEN//

The past two years have been an insane odyssey through my digital art. Producing, experimenting and taking it all further and reaching more people than I could have ever imagined.

Looking back at my body of work, I feel the time is right to bring everything… pic.twitter.com/B1v4tbzbR7

— FVCKRENDER (@fvckrender) May 19, 2023

SOTYS and the Wider Community: Even beyond the core projects, FVCKRENDER emphasizes the importance of @lvcidia and @90s_kids_club. These three distinct projects, each with its unique vision, hold equal significance for the artist, fostering a sense of appreciation and unity among all involved.

Conclusion: FVCK TOKEN// signifies a turning point in the FVCKRENDER journey, enabling the artist to consolidate their body of work and cultivate stronger connections with collectors. Through airdrops, burning mechanisms, and the dominant role of FVCK TOKEN//, the artist’s vision comes to life, simplifying and enhancing the overall experience for all participants. Furthermore, the inclusion of FVCK CRYSTAL// and collaborations with @90s_kids_club ensure a diverse and vibrant ecosystem. As FVCKRENDER continues to evolve, one thing remains constant: the unwavering commitment to art, community, and the shared passion that unites them all.

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Non-fungible tokens (NFTs) have taken the digital art world by storm, but they are now struggling to maintain their position as the hype cycle shifts and gas fees rise on the Ethereum network. In this blog post, we will explore the reasons behind these challenges, who is most impacted, and potential solutions for artists and collectors alike.

Shifting Crypto Trends

The crypto markets are known for following trends, and this year has been no exception. We’ve seen the emergence of farming NFTs on BLUR, the shift to Open Edition and burn mechanics on manifold, and a renewed focus on altcoins. The ease of creating ERC-20 contracts has shifted the narrative back to high-risk gambling for the crypto community. Consequently, the attention that was once focused on NFTs has waned, and artists are left grappling with these changing market dynamics.

High Gas Fees and Its Impact

The influx of funds chasing altcoins and meme coins has made the Ethereum network incredibly expensive for NFT participants. Profile Picture (PFP) projects, Web3 Games, and especially 1/1 artists are hurt the most. The constant appearance of memecoins and the competition among power users to get in quickly have led to skyrocketing gas fees that impact the entire network.

Artists are greatly impacted by high gas fees

One option for artists to circumvent high gas fees and the uncertainty surrounding NFTs is to work directly with collectors and facilitate private sales of art. If the art is already minted, fees can be lower in this scenario, as long as there is trust between the artist and the collector. However, adding a middleman or escrow service negates much of the potential savings due to the additional transaction involved.

High gas fees on the Ethereum network have significantly impacted both artists and collectors. For artists, the cost of minting new NFTs has become prohibitively expensive. Settling auctions and transferring ownership of NFTs can also incur high fees, discouraging collectors from participating in auctions or purchasing artwork directly. This, in turn, can lead to reduced demand and lower prices for NFT art.

Fear, uncertainty, and doubt (FUD) can further exacerbate the challenges faced by artists and collectors. As the hype around NFTs subsides and crypto trends shift, speculators may lose interest, causing the market for NFTs to contract. A decline in demand can lead to lower prices, making it even harder for artists to recoup their initial investment in minting and marketing their artwork.

Working directly with collectors can help artists bypass some of these challenges by establishing personal connections and building a loyal customer base. Artists can also use this approach to gain valuable feedback from collectors, helping them to refine their work and better understand market preferences.

Furthermore, by engaging directly with collectors, artists can educate them about the value of their work beyond mere speculation and hype. This can help to build a more sustainable market for NFT art, as collectors come to appreciate the artistic merit and intrinsic value of the pieces they acquire.

To mitigate the impact of high gas fees and the challenges posed by FUD and speculation, artists can explore various strategies such as offering discounts for bulk purchases, providing exclusive access to future work, or bundling digital and physical goods as part of the sale. By offering added value and fostering a sense of community among their collectors, artists can better navigate the uncertainties and fluctuations in the NFT market.

Exploring Alternative Blockchains

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Moonbirds recently announced that the Diamond Exhibition mint has reopened for eligible holders, and those interested in reshuffling their Day One airdrop can do so from May 3-7. However, what many people may not realize is that Moonbirds is working incredibly hard to get this right.

PROOF, the platform hosting the Diamond Exhibition mint, recently pivoted to the art world, and it is clear that they are trying to make a name for themselves in this space. However, with any major pivot comes a learning curve, and it appears that some mistakes were made in the initial launch of the Diamond Exhibition.

From May 3-7, you can submit your airdropped DE artworks on the PROOF website to receive a new piece next week. The Diamond Exhibition Day One Shuffle applies to ALL airdropped DE artworks, not just duplicates––as long as they’re held by the wallet we initially sent them to.

Despite these setbacks, Kevin Rose and his team at PROOF are doing their best to make things right. The Day One Diamond Exhibition mint holders who received multiples of the same artwork instead of art from multiple artists based on their preferences can now reshuffle their Day One airdrops. While this is not a perfect solution, it does show that PROOF is committed to ensuring that their users are satisfied.

PROOF has also made a number of changes to the Diamond Exhibition to make it a more enjoyable experience for collectors. For example, participants in the pool will now be eligible for a bonus art raffle with rewards of additional art not in the original collection and Moonbirds + Oddities. This is a great way to incentivize people to participate in the shuffle and add some excitement to the process.

Moreover, to ensure enough variety in the shuffle pool, PROOF will add extra pieces by Diamond Exhibition artists. This move shows that PROOF is committed to making sure that everyone who participates in the shuffle has a fair chance of receiving something unique and valuable.

In conclusion, while the Diamond Exhibition may have had a rocky start, it is clear that PROOF is doing everything in their power to make it right. They are taking steps to ensure that participants in the shuffle are happy with the process, and they are committed to making the Diamond Exhibition a success. As the art world continues to evolve, it will be interesting to see how PROOF adapts and grows to meet the needs of their users.

Diamond Exhibition Update!

The Diamond Exhibition mint will reopen for Mint Pass holders and new Diamond Nested birds TODAY, May 2nd at midday PT!

For those interested in reshuffling your Day One airdrop, here’s what you need to know : pic.twitter.com/juZYkWWI1I

— Moonbirds (, ) (@moonbirds) May 2, 2023

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