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Avalanche launches initiative for digital artists, NFT creator protests Sotheby’s gender bias, and more

  • March 31, 2023
  • Posted by: admin
  • Category: BitCoin, Blockchain, Cryptocurrency, Investments
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The Avalanche Foundation has launched a new mentoring initiative for digital artists, and Ticketmaster has introduced a new feature allowing artists to reward NFT holders.

In a March 30 blog post, The Avalanche Foundation announced the launch of Avaissance, an initiative designed to support digital artists and boost the growth of the Avalanche nonfungible token (NFT) ecosystem.

Avaissance has two main components, an Artist in Resident program (AIR) for over 50 artists and the Mona Lisa Initiative (MLI) to curate digital art and expand the collections of art-focused decentralized autonomous organizations (DAOs).

AIR will provide artists “of any skill level” with funding, mentorship and virtual workshops for six months, while MLI will collaborate with DAOs’ curatorial teams to promote emerging Avalanche NFT artists and establish an “Avalanche Permanent Collection.”

Ticketmaster introduces new feature for artists to reward fans using NFTs

On March 27, United States-based ticketing company Ticketmaster announced a new feature token gated ticket sales, which allow artists to reward NFT holders with exclusive benefits, including “special presales, prime seats, custom travel packages and access to unique concert experiences.”

The ticketing giant developed the functionality after being approached by American heavy metal band Avenged Sevenfold (A7X) and its Web3 team, Bitflips, to help implement a service to provide holders of their NFTs – Deathbats Club, a collection of 10,000 unique Deathbat NFTs – the opportunity to unlock perks and access to events.

The feature currently works with tokens minted on Ethereum (ETH) and stored in decentralized application (DApp) wallets, including MetaMask or Coinbase.

NFT artist withdraws work from Sotheby’s over lack of female representation

Popular NFT artist Patrick Amadon told his 142,400 Twitter followers that he will be withdrawing his work from major auction house Sotheby’s Natively Digital: Glitch-ism sale to protest a lack of female representation.

Sotheby’s responded the next day to say it will pause the sale to “redress the imbalance in representation within the sale” and will relaunch at a later date with a “more equitable and diverse group of artists.”

Related: Indonesian government looks to NFTs to preserve cultural heritage

NFT artist Beeple opens a major 50,000 sq ft studio in South Carolina

Mike Winkelmann, also known as Beeple, shared a video with his Twitter followers on March 12, revealing his new 50,000-square-foot studio in South Carolina.

According to Beeple’s website he will use the space to create his artwork and host events to “showcase the very best art and communities.”

“We are looking to partner with the most cutting-edge artists and communities to put on events that are not possible at any other venue,” the website stated.

Other Nifty News

On March 25, an NFT from the popular CryptoPunks collection, valued at approximately $135,000, was accidently burned by an investor attempting the process of NFT wrapping to potentially borrow liquidity from it.

Sony Interactive Entertainment, the video gaming giant behind the PlayStation brand, recently filed a patent for a framework allowing users to transfer and utilize NFTs across multiple game platforms, titled “NFT framework for transferring and using digital assets between game platforms.”

Once implemented, Playstation 5 users will be able to explore NFT use cases via popular gaming titles.

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