Provenance Archives | NFT CULTURE

NFT 101: Your Guide for Navigating NFTs in 2023 and beyond

Natalee — Mon, 14 Aug 2023 17:21:53 +0000

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.

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NFT NYC 2023: Celebrating the Champions of the NFT Space and the Visionary Duo Behind Crypt Gallery

Mal — Mon, 17 Apr 2023 11:25:01 +0000

Crypt Gallery, King of Midtown, and Vasia prove that they are the true champions in the NFT space, showcasing quality, curation, and trust.

NFT NYC 2023 took place this week, and it was an event for the books. Top artists and collectors from around the world convened at the Dream Hotel downtown for a week of friendship and innovation, celebrating the rapidly evolving world of non-fungible tokens (NFTs). During this remarkable event, Crypt Gallery, King of Midtown, and Vasia cemented themselves as the true champions in the NFT space, demonstrating their commitment to quality, curation, and trust.

Last week, The Crypt Gallery hosted an unforgettable event, attracting thousands of artists, fans, and collectors who signed up for both GA and VIP passes. The event did not disappoint, reaching maximum occupancy and standing room only for hours. It was an unforgettable night of networking, partying, and fun, as attendees enjoyed a diverse array of talents and experiences.

The evening kicked off with a live performance by the talented David Bianchi, followed by the beginning of a Poker Tournament hosted by World Champion and professional poker player Jonathan Little. The free-to-enter tournament was supported by Little’s NFT project, Court of Degeneracy, with top winners receiving NFTs from the King of Midtown, The Crypt Gallery, and Jonathan Little.

General Admission began at 8 pm, with RSVP being mandatory for all attendees. During the event, guests had the opportunity to engage in exclusive IRL art drops (LIVE MINTING), NFT raffles, and giveaways. Physical artworks by renowned artists such as Trevor Jones, Violet Jones, Yanis | Ethik Design, and others were on display and available for purchase. Adding to the excitement, the event featured live performances by David Henry Nobody, who recently appeared at Beeple Studio’s Grand Opening, and a live VR show and art creation by JOY (John Orion Young).

The Mad Rabbit Riot Club showed up in full force at the event, proving that they are one of the top communities in the NFT space. While many other projects have floundered and failed, this provocative project continues to thrive and provide exclusive access and opportunities for their holders.

Another unforgettable evening at the Crypt!! Special thank you to @JohnOrionYoung @davidbianchi @davidhenrynobo1 for contributing to the experience

From live performances to minted artworks…

$13 OE on @niftygateway
More info https://t.co/oOKsqO9uDQ

— The Crypt Gallery (@crypt_gallery) April 16, 2023

The Crypt Gallery: The World’s First NFT Gallery in the Hospitality Industry

The Crypt Gallery, currently located at Dream Hollywood in Los Angeles and Dream Downtown in New York City, is the world’s first NFT gallery in the hospitality industry. Open 24/7, the gallery allows guests to experience digital art in an entirely new way. The goal of Crypt Gallery is to create interactive and memorable in-person events and experiences while educating and onboarding a new audience by bridging the gap between digital and physical realms. Referred to as “The People’s Gallery,” Crypt Gallery provides a physical home and new levels of exposure for artists, collectors, communities, and the industry as a whole.

The Importance of In-Real-Life Experiences and Mainstream Exposure

In an increasingly digital world, in-real-life (IRL) experiences have become even more essential for creating meaningful connections and driving engagement. As NFTs gain mainstream attention, it’s crucial to bridge the gap between the digital and physical realms, making them accessible and relatable to a wider audience. The Crypt Gallery plays a significant role in achieving this by providing an immersive, physical space where people can experience digital art first-hand. This exposure not only educates newcomers about the world of NFTs but also helps them appreciate the concept of provenance and the inherent value of these digital assets. For rising artists, having their NFTs showcased in The Crypt Gallery can be a game-changer, as it offers unparalleled visibility and credibility, boosting their reputation and amplifying their reach in the competitive NFT market.

The Dynamic Duo: Tommy and Vasia

Tommy Polihronopoylos, known as King of Midtown, is the founder and CEO of The Crypt Gallery. As an early collector in the NFT space, King of Midtown conceptualized bringing NFTs and the digital marketplace to a mainstream, in-real-life (IRL) location, targeting the hospitality industry. King has established himself as a leader, curator, advisor, community builder, and innovator in the NFT space.

Vasia Makris, Co-founder and COO of The Crypt Gallery, has a background in education and was introduced to NFTs by King of Midtown. With her skills in project management, community building, and web2 and artist advisement, Vasia has taken the lead in executing key initiatives, partnerships, activations, and programs at The Crypt Gallery.

The World’s Top Artists Converge at the Crypt Gallery: The Defacto Home for NFT Creativity

As the world of NFTs continues to expand and evolve, New York City has emerged as a global hub for the most innovative and talented artists in the space. The Crypt Gallery has become the defacto home for these creative minds, providing a platform that celebrates their unique visions and artistic expressions. As the go-to destination for top artists, collectors, and enthusiasts, The Crypt Gallery fosters a sense of community and collaboration, connecting like-minded individuals who share a passion for digital art and technology.

By hosting exclusive events, panel discussions, and interactive experiences, The Crypt Gallery has successfully created an environment that not only showcases the finest NFT artworks but also encourages dialogue and exchange of ideas. With its unparalleled curation, state-of-the-art displays, and commitment to quality, The Crypt Gallery has positioned itself as the epicenter of the NFT art world in New York City, attracting the brightest talents and setting new standards for the industry.

Quality Above All

The Crypt Gallery has set a new standard for the way NFT art is displayed. Unlike many other galleries, which often showcase art with inaccurate aspect ratios, croppings, cords running everywhere, or on stands, Crypt Gallery ensures that its attendees are fully immersed in the art. When you step into a King of Midtown gallery, you’re not looking at art on a TV monitor; you’re experiencing the art itself.

Unrivaled Curation:

One of the key aspects that set Crypt Gallery apart is its dedication to the artists. Showcasing a diverse range of NFTs, from photography to abstract art and everything in between, Crypt Gallery supports artists from all walks of life. The level of curation at Crypt Gallery is consistent and truly second to none, offering a diverse yet harmonious blend of NFTs.

Trust in the NFT Community

In the world of NFTs, trust is paramount. Crypt Gallery, King of Midtown, and Vasia have earned the trust of artists and collectors alike. Attendees know that when they participate in an event hosted by these champions, it’s for the right reasons – not cash grabs or ulterior motives. This week’s event proved that without the King of Midtown, the true culture of NFTs is incomplete.

NFT NYC 2023 was a monumental event that demonstrated the power of quality, curation, and trust in the NFT space. Crypt Gallery, King of Midtown, and Vasia have proven themselves as the true champions, paving the way for the future of NFT events. With their visionary leadership, commitment to excellence, and dedication to artists and collectors, the NFT community eagerly awaits what these trailblazers have in store for the future.

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NFT Provenance and how it will change Art forever.

Natalee — Mon, 22 Aug 2022 19:43:04 +0000

While NFTs are still very much in their early stages, their impact on art and artists is already permanent. We like to say that we’ve let Pandora out of the box. Artists aren’t going to go back to the way they worked and shared their art before blockchain technology changed everything. That being said, NFTs are visceral and the canvas presented by this new medium can be used in many unique and different ways, making them hard to define and often misunderstood. But NFTs do offer an interesting new perspective on how people interact with each other online.

If NFTs are to go mainstream, a new paradigm has to be created that blends the old with the new and do so with particular reference to an important concept in the arts: provenance.

Art and forgery

The history of art forgery is a long and complicated one. It dates back to the ancient world and spans over many centuries. Art forgers have always been a part of society, but it is only recently that they have come into the spotlight.

The first known case of art fraud happened in the year 350 BC when Aristides the Elder forged a statue of Hercules. He was caught when he tried to sell it as an original work by Lysippus.

In the 20th century, Pablo Picasso’s “La Coiffeuse” was thought to be a fake because it looked too perfect and detailed. The painting was actually created by an unknown artist in France during World War II, but Picasso bought it from him and passed it off as his own work in order to avoid issues with Nazi Germany.

What are the Greatest Forgeries in History?

Forgeries are a part of the art world that is not usually talked about. They are often done by people who have a lot of skill and knowledge in the art world, but they also use their talent for monetary gain.

Another famous forgery is “The Vinland Map”. This map was created to show where Norse explorers landed centuries before Christopher Columbus made his voyage to America. The map was later found to be a fake and it’s believed that it was created in Italy during the 16th century.

What is provenance?

To put it simply, provenance is “a record of ownership of a work of art or an antique, used as a guide to authenticity or quality.”

Provenance refers to the origin of an object, which may be determined by tracing back through its production. More specifically, provenance refers to the history of ownership of an item.

Let’s look at one of the most famous artists of all time, Pablo Picasso.

Pablo Picasso was a Spanish painter and sculptor who is considered to be the most influential artist of the 20th century.

He was born in 1881 in Malaga, Andalusia, and died on April 8th, 1973 in Mougins, France. His mother was an art teacher and his father a painter. He had three siblings – two sisters and one brother.

Picasso’s father died when he was just 10 years old. His mother then moved her children to Barcelona so that they could study at a school of art there.

He started his career as a teenager by drawing cartoons for newspaper advertisements and making sketches for theater productions.

Before buying a piece of art, you should always look into its provenience (the history of ownership). To be sure that the picture you’re looking at is actually by Pablo Picasso, you need to know a few things.

If you’re going to create an asset tokenized using blockchain technology, you must provide a way for people to verify its authenticity. Here are some typical ways to accomplish this task:

A picture of Picasso creating the art piece you’re interested in buying
A certification from the man himself, stating that he painted the object.
A general description of the artwork, including any statements made by a respected art critic or authority in the field of art.
If it mentions the paintings, then it must match the timeline.

You might have noticed that most of these examples are quite speculative and can easily be forged. However, art history has been plagued for centuries with people forging everything from art to wine.

Artwork tokens enable artists and art lovers alike to be fully transparent throughout their entire supply chains — both digital and physical.

Creating this token will give you a permanent record of ownership for whatever good you choose to put inside of it. Keep in mind: an ERC721 token isn’t just some piece of artwork; it’s a digital certificate of ownership.

You can add even more details to images by tokenizing them on a blockchain. Once they’re added to the blockchain, no one can change their details.

Every time an NFT (nonfungible token) is bought or traded for another, the transaction is permanently recorded on the Ethereum network, along with its associated meta data and the details about the person who created it.

On top of that (and besides), knowing the provenance of an NFT is important for determining its value. If I knew that an NFT had been minted by Beeps, well, that would already change the value quite a lot.

The same thing applies to any kind of NFT creator, whether they’re musicians, artists, designers, or whatever else. It’s always good to know who created the item before buying it.

Popular Examples of NFT provenance include:

A famous gallery like MOMA, or PACE holding an artists NFT in their wallet that is verified allowing the world to see the times and dates of ownership that would align to a gallery or viewing.
The first tweet ever by Jack Dorsey that was minted on the blockchain.
A collection of digital artworks made by a famous artist like Beeple or xcopy.
A collectible token mintable by a celebrity or group with added utility. We see this frequently with Proof and artists like AOKI.

Some artists and creatives are working hard to bridge the digital and physical divide.

They could store their artworks on the blockchain, using a digital signature attached to each piece of art, which would contain important metadata about the artwork and its history.

The more artists will utilize the blockchain for storing data and info regarding their artwork and those who purchase it and sell it, then the more NFT provenience and proof of ownership will be a transparent resource for info about a specific artwork.

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