This Week's Artists to Watch & NFT News
Chissweetart, remi_molettee, and Zhannet Podobed
Here’s This Week’s Artists to Watch:
Iris Pearlman’s Picks:
Chissweetart (Aelise Davis)
Chissweetart is an NFT artist who primarily works with photo manipulation as a means of expressing her story. Her style is sensual and gothic simultaneously; it leaves an indelible impression begging the viewer to question what is transpiring behind those tearful eyes. The artist comments that her emotional, dark, and surreal works tell the story of her abusive past while allowing her to recover from her personal trauma. Find her art on SuperRare, MakersPlace, Knownorigin, Opensea and others.
@remi_molettee
Remi is a French filmmaker who uses Artificial intelligence to add a three-dimensional expression to his works. Many of his recent renders transform original dance videos using Discodiffusion; combining a metaverse, animated quality with reality to bring his creations to life with color and vitality. Find Remi on SuperRare and Foundation.
Zhannet Podobed
Zhannet Podobed is both a digital and traditional artist from Kyiv. Her aim is to have the viewer become an added component of the work, to be able to interact with it and excavate the hidden identity within it. Her works never reveal the complete story, allowing for an endless stream of possibilities and interpretations. Podobed has a unique approach to her craft, and although her career to date is impressive, I believe her best is yet to come. Find her work on SuperRare, Foundation, Known Origin, Makers Place and OpenSea.
Freezing Injunction Prevents Sale of Bored Ape NFT as Loan Collateral
As NFT collectibles such as the Bored Ape Yacht Club have soared to incredible heights over the past year, collectors have used them and others as collateral on loans. These non-fungible tokens are recognized as a form of property and now through a case in Singapore it seems that investors in NFTS have rights that can be protected.
A Singapore citizen and claimant in this case, used his prized possession, BAYC #2162 as collateral for a loan on NFTfi, a platform for crypto loans. The defendant, known as chefpierre.eth is the lender. The claimant in mid-April asked for a refinancing of the loan, but chefpierre gave a short time frame for the repayment and foreclosed on the NFT when the claimant was unable to pay. The claimant sites “unjust enrichment”.
This case highlights some of the potential ownership questions that can arise in this new space. For one, individuals using NFTs as collateral must be vigilant about the rights and control, they allow third parties over their assets, and secondly, not knowing the identity of the lender creates an extra layer of complexity. This likely is just one aspect where governance is lacking and untested. I suspect that there will be numerous new challenges as the metaverse continues to grow and laws revolving around ownership of virtual land and goods will need to be developed.
WTF are NFTS?
In my book WTF are NFTS? I examine the different segments of NFTS, but focus on digital art, and collecting an NFT art portfolio. I do so because rare digital art is less volatile and can bring value over time, as traditional art does.
If you haven’t had a chance to pick up a copy, WTF are NFTS? is now available on Amazon, in paperback and Kindle format. (Free with Kindle Unlimited).
Art News Bites:
Inside the Smell-O-Verse: Meet the companies trying to bring scent to the metaverse
Cannes: Is the Film Industry Really Ready to Embrace NFTS?
Hollywood stars such as Kevin Smith, Reese Witherspoon, Mila Kunis and Anthony Hopkins are all involved with NFT backed film projects, while Roman Coppola and Steven Soderburgh are among filmmakers making forays with NFTs and blockchain tech.
Very interesting article, great artists to follow… thanks for the info.