Posts tagged Metaverse
“All of my buildings are inside out”

Architectural design in ‘real life’ can require 100s of iterations prior to deciding the final structure. The resulting architecture must make sense logistically, fit the allocated budget and is obviously bound by physics and gravity. However, when Kirk Finkel practised as an architect, he always felt the unrealised imaginings were the most exciting, where the most stakeholders were engaged and creativity flourished; tossing them aside was to sacrifice artistry for practicality.

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To NFT or not to NFT

Since the historic Christie’s and Beeple drop in March, the three letters N, F and T have morphed into one of the world’s most talked about acronyms. They carry with them a sense of mystery as well as an air of confidence for those in the know. Use the acronym boldly in conversation and you tell your friends, that yes indeed, you know exactly what an NFT is. But, let’s be honest, six months ago (or maybe more for a select few), had you even heard of the word fungible?

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Enter the Digital Era, How NFTs are Impacting Art, Creativity and Beyond

In 2021, Collins Dictionary announced that NFT was word of the year, which was a rather curious situation for a word that isn’t even a word. NFT is an acronym that stands for non-fungible token. Collins defines it as “a unique digital certificate, registered in a blockchain, that is used to record ownership of an asset such as an artwork or a collectible.” The rise of NFTs in popular discourse over the course of the past 12 months has been meteoric and frankly unprecedented especially given that the vast percentage of people had never heard of one before March 2021. This month two things happened to catapult them into the headlines. First was Twitter’s co-founder Jack Dorsey selling the first ever tweet as an NFT for USD 2.9 million and the second was the sale of an artwork by a previously unknown artist called Beeple whose digital collage sold at Christie’s for USD 69 million. Of course, this was not the birth of NFTs. Actually, the first ever piece of art minted [this is the term for making an NFT] on a blockchain was in 2014 but March 2021 will go down in history as a watershed moment.

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