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Justin Sun Buys Iconic Maurizio Cattelan Artwork ‘Comedian’ for $6.2 Million, Promises to Eat the Banana

Justin Sun Buys Iconic Maurizio Cattelan Artwork ‘Comedian’ for .2 Million, Promises to Eat the BananaJustin Sun, the founder of TRON, has made headlines by acquiring Maurizio Cattelan’s iconic artwork “Comedian” for $6.2 million at a Sotheby’s auction. In a statement, Sun expressed his excitement, describing the piece as “not just an artwork; it represents a cultural phenomenon that bridges the worlds of art, memes, and the cryptocurrency community.” He […]

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

What are they worth today? NFTs that sold for millions

Investors who purchased NFTs just a few years ago may have reason to regret their decision.

Non-fungible tokens (NFTs) aren’t what they used to be. 

At the peak of the NFT hype cycle, it appeared the whole world might be captured by digital artwork mania.

NFT collections such as CryptoPunks and Bored Apes captured the cultural zeitgeist, gaining traction through 2021 into 2022. Celebrities including Justin Bieber, LeBron James, Tony Hawk and Madonna acquired artworks, generating a string of headlines in mainstream media outlets. 

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Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Arthur Hayes reveals philosophy behind ‘Airheads’ Ordinals collection

Users can choose to complete quest-like directives to receive Airheads or outright purchase the inscribed art through a “Whale Pass.”

Crypto entrepreneur and investor Arthur Hayes recently revealed the details and philosophy behind his new “Airheads” Ordinals, a collection of 10,000 unique cartoonish characters that are balloon-like in appearance and live on the Bitcoin network.

In an article published on his Medium page, Hayes began by explaining that the consumption of art is what gives life its true meaning. He then gave several examples of activities the human race engages in purely for enjoyment and the entertainment of others, such as dance, culinary arts, music and sports:

The entrepreneur then shifted his focus to the core philosophical message behind the Airheads Ordinals collection, explaining that the balloon-like characters represent an indictment against the inflationary policies of the elite class and centralized governments. Each Airhead is “metaphorically filled with the inflation of our day,” said Hayes.

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Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

NFTs and blockchain bridge Ethiopia’s past and present in new art exhibition

“Ethiopia at the Crossroads” is getting a special blockchain boost for its final stint at the Toledo Museum of Art as part of the Ethiopian family art collective’s residency with the museum.

America’s first major institutional exhibition of Ethiopian art throughout the ages will conclude its year-long tour at the Toledo Museum of Art (TMA) with a grand finale featuring non-fungible tokens (NFTs).

In June, TMA announced that the blockchain-based Ethiopian art collective Yatreda will be their second digital artist in residence, following the Nigerian-based non-fungible token (NFT) star Osinachi’s residency in 2023.

This year, Yatreda will stage a special installation within TMA’s iteration of “Ethiopia at the Crossroads,” which TMA co-curated with the Walters Art Museum in Baltimore and the Peabody Essex Museum in Salem.

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Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

What is Midjourney, and how can you use it to create AI art?

Uncover what Midjourney is and learn the essentials of using this innovative AI tool to create stunning and unique art pieces.

Midjourney is a generative artificial intelligence (AI)-powered platform that allows users to generate unique artwork such as characters, images and depictions through short text prompts

A generative AI platform is an artificial intelligence system that can generate new and unique content, often in images, text or other creative outputs. Unlike traditional rule-based AI systems designed for specific tasks, generative AI platforms use advanced algorithms, typically based on deep learning techniques, to autonomously produce novel and contextually relevant outputs.

Midjourney AI is one such innovative generative AI platform that opens up new possibilities for creative expression and can produce outputs that go beyond what was explicitly programmed, introducing an element of unpredictability and creativity into the AI landscape. This can be applied to various artwork domains to create realistic images that do not exist in the real world.

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Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Artists aim to thwart AI with data-poisoning software and legal action

With AI-generated content continuing to evolve, the advent of data-poisoning tools capable of shielding an artist’s works from AI could be a game changer.

As the use of artificial intelligence (AI) has permeated the creative media space — especially art and design — the definition of intellectual property (IP) seems to be evolving in real time as it becomes increasingly difficult to understand what constitutes plagiarism.

Over the past year, AI-driven art platforms have pushed the limits of IP rights by utilizing extensive data sets for training, often without the explicit permission of the artists who crafted the original works.

For instance, platforms like OpenAI’s DALL-E and Midjourney’s service offer subscription models, indirectly monetizing the copyrighted material that constitutes their training data sets.

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Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

How generative AI allows one architect to reimagine ancient cities

Cointelegraph spoke with architect and designer Tina Marinaki about her work using generative AI and text-to-image prompts to reimagine the ancient Athenian cityscape.

The emergence of generative artificial intelligence (AI) has presented modern society with new means for understanding and visualizing the world.

Meta, the parent company of social media platforms Facebook and Instagram, recently introduced new AI video and image-generating tools for creators, while OpenAI updated the premium version of its popular AI model ChatGPT to include powerful text-to-image generating capabilities. 

As the pace of AI development continues to accelerate rapidly, many artists are faced with the challenge of embracing the new tools as a part of their workflow while still managing to keep their unique vision. 

One such artist is the New York-based Greek architect Tina Marinaki, who has incorporated AI tools into her creative work and, in the process, created an online community of nearly 20,000 users on Instagram through “Athens Surreal,” which follows her reimagination of the ancient Athenian cityscape.

Cointelegraph spoke with Marinaki about incorporating AI into her work and how she reenvisions her home city using emerging technology.

She explained that the concept of Athens Surreal stemmed from the desire to understand “the way the different AI tools work” while testing ideas for a “different, sometimes romantic, sometimes utopian, futuristic Athens.”

Technical difficulties 

According to Marinaki, one of the primary difficulties working with text-to-image AI systems is “translating” an image description to communicate a vision with the AI systems.

“Other challenges are found in algorithmic ethnicity, gender or other biases when algorithms are trained using biased data.”

For example, she reported that a greater number of men can appear in AI-generated images even when a user’s parameters have no mention of gender, and in some cases, AI can create “racist or stereotypical images.”

Despite its biases in text-to-image generation, these weaknesses can lead to strengths if trained correctly.

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Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Evidence mounts as new artists jump on Stability AI, MidJourney copyright lawsuit

The battle continues as artists amend a lawsuit previously struck down by court authorities against major AI companies who have allegedly violated creative copyright laws.

A copyright lawsuit filed against multiple companies developing artificial intelligence (AI) tools has been amended as artists and their legal teams alleged the misuse of their creative works. 

On Nov.

The new artists include H.

According to the amended class action case Stability AI, Midjourney and DeviantArt, along with a new defendant, Runway AI, have produced systems that create art in the style of the artists when the artists' names are used as prompts fed to the AI.

The plaintiffs claim that, as a result, users have generated art that is “indistinguishable” from their own.

"AI image products are primarily valued as copyright-laundering devices, promising customers the benefits of art without the costs of artists."

Related: Artists face a choice with AI: Adapt or become obsolete

In addition, the artists allege that Midjourney - one of the most popular generative AI tools for creating art with roughly 16.4 million users, according to its website - has violated rights that fall under federal trademark laws in the United States.

The claims point to MidJourney's website promoting a list of over 4,700 artists’ names, which includes some of the plaintiffs’, to use as generative prompts.

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Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

New York MoMA now has tokenized artworks in its permanent collection

The museum’s acquisition of two NFTs marked its first on-chain and AI holdings.

Generative art is proving Web3’s creative anchor in the traditional art world. Last month, New York’s Museum of Modern Art (MoMA) made headlines by acquiring Refik Anadol’s “Unsupervised — Machine Hallucinations” (2022) alongside an edition from last year’s “3FACE” project by Ian Cheng. These two mark the first-ever artificial intelligence (AI) and nonfungible token (NFT) additions to MoMA’s collection, already home to relics such as Andy Warhol’s soup cans and Vincent Van Gogh’s “Starry Night.”

The landmark acquisitions also supplement MoMA’s longtime legacy of pioneering exhibitions at the intersection of technology and art, from its 1968 show “The Machine as Seen at the End of the Mechanical Age” through this year’s “Signals: How Video Transformed the World.”

MoMA’s announcement arrived in tandem with an outline of the institution’s digital art programming for the fall and winter seasons ahead, including the debut of video artist Leslie Thornton’s latest work, “HANDMADE” (2023), and an online exhibition with Feral File opening early next year. Weeks before, MoMA had announced its on-chain Postcard project, too.

Sample data visualization, Unsupervised — Machine Hallucinations. Source: MoMA

“These new initiatives underscore MoMA’s longstanding commitment to support artists who experiment with emerging technologies to expand their visual vocabularies and creative exploration, increase the impact of their work and help us understand and navigate transformative change in the world,” the Museum’s release around their acquisitions states.

“I’m very proud to be included,” Cheng told Cointelegraph. “MoMA had previously acquired my ‘Emissaries’ trilogy of simulations in 2017. Their openness and enthusiasm for acquiring dynamic digital art is rare for an institution.”

Unsupervised

It’s the screensaver heard around the world. Whether you’re enamored or suspicious of this one-time Google artist-in-residence’s prolific and mesmerizing machine-learning abstractions, the odds are you’ve seen them. Anadol designed this one in particular with help from Nvidia. It feeds 138,151 pieces of visual metadata from MoMA’s collection to an algorithm that produces an AI imagination of art history through Anadol’s signature undulations.

Since its release in November 2022, “Unsupervised” has been reviewed by critics at Vulture, Artforum and more. The time it took to write those reviews says more than anything about the work’s import. Jerry Saltz’s half-baked hot takes don’t detract from the mental energy his writing requires. Haters alone haven’t made Anadol famous — he has scores of devoted fans if not collectors. MoMA opted to extend the work’s 24-foot tall display several times. It just came down on Oct. 29, but visitors who minted their proof-of-attendance protocol, or POAP, from the posted QR code still have a piece of the spectacle.

Sample data visualization, Unsupervised — Machine Hallucinations. Source: MoMA

Noted NFT collector and founder of the club 1 OF 1 Ryan Zurrer made the work’s acquisition possible, along with the “RFC Collection,” led by Pablo Rodriguez-Fraile and Desiree Casoni.

“I tip my hat to the folks at MoMA for understanding the cultural zeitgeist of the moment,” Zurrer told ARTnews. “Unsupervised went up two weeks before ChatGPT went public. AI is the defining topic of the moment, and MoMA captured that. I’m excited to donate this work to MoMA. But I need to acknowledge that this isn’t just a donation from me and [collector] Pablo Rodriguez-Fraile, but from Refik. He is bringing the servers and screens and the other components. The NFT is one part of this conceptual artwork that belongs to MoMA now.”

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While the Museum couldn’t clarify whether Anadol outright donated the hardware that enabled “Unsupervised” to go on view, we can assume that’s the case. Their release said Thornton’s “HANDMADE” will go on view in the same Gund Lobby where they displayed “Unsupervised” on a screen the very same size, “designed by and realized with thanks to Refik Anadol Studio.”

3FACE

Meanwhile, Cheng evades branding. A lifelong exploration of psychology through cutting-edge technologies defines his practice more than any single aesthetic. In fact, there are 4,096 unique editions of “3FACE” in existence, and not one of them was designed explicitly by Cheng’s hand. Works in the generative project depict adaptive, ongoing visual portraits of their owners, crafted using data gleaned from their wallets at any given moment. MoMA calls it his “most ambitious experimental artwork to date to explore blockchain technologies and the decentralization of data,” which expands upon “the artist’s interest in the capacity of humans to relate to change.”

In his efforts to represent and shape the ephemeral mind, Cheng told Right Click Save last year he believes “art can play a role in upgrading the unconscious response we have to complexity.” “3FACE” honors the depths of every person — and, because it’s dynamic, their ability to change.

Image from 3FACE. Source: MoMA

The NFT platform Outland Art donated its “3FACE” to MoMA’s collection. “Jason Li and Chris Lew advised a lot and helped flesh out the team to turn the idea into a reality,” Cheng told Cointelegraph. “I would not have made ‘3FACE’ without Outland.”

The work’s public entry on MoMA’s website doesn’t list what number out of the whole series it is or what wallet it belongs to. MoMA didn’t respond to Cointelegraph’s request for comment, but based on the way “3FACE” works and the fact that MoMA just started collecting on-chain artworks, this might be the “3FACE” interpretation of a wide open wallet populated only by Anadol’s “Unsupervised.”

Another chapter in art history

Carrying the torch from former contentious and pioneering art forms like photography, generative art has forced this generation of artists to reassess what exactly makes art valuable.

“The endgame of generative AI tooling is a new immediacy between thought and visual articulation,” Cheng mused about what’s next for AI art. “We’re used to the immediacy between thought and written or verbal expression. A writer, with no intermediary help, can construct a novel. Imagine if you, with no intermediary help, could construct a movie. As with writing fiction, the filmmaker is capped only by their own imagination, their taste, the quality of their questions, their courage to pursue gray truths, and their understanding of human behavior.”

Technology will continually evolve, but it’s the evolution of artists’ abilities in using it that divides what’s merely eye-catching from what’s impactful. Not that those two are mutually exclusive — even though MoMA’s Anadol acquisition is akin to the institution buying itself a Louis Vuitton bag, what society calls luxury is history on its own.

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Anadol and Cheng both work predominantly with data while making AI art. The emergent properties of their processes have implications. “Unsupervised” begs the question: What is art history? — a fraught topic traditional art historians argue over without even breaching painting alone. By virtue of its premise, “3FACE” asks those who engage with it how they’d quantify a gnarled human psyche. It’s one of the few projects that uses the ledger as anything more than a manner of transacting.

Museums such as the Los Angeles County Museum of Art and the Centre Pompidou started collecting NFTs back in the boom days. MoMA’s decision to lend credence to such works now marks a new watershed moment.

“We pinch our nose at ‘AI art’ right now because the first experiments look like experiments, but zoom out 10 years from now,” Cheng said. “The ease of producing visually refined expression will unlock a lot of artistic agency from a greater plurality of people, and this is a good thing.”

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

US judge deals blow to artists in copyright suit over AI generated art

A judge mostly sided with Midjourney, DeviantArt and Stability AI’s bid to dismiss the artists’ class action lawsuit that accused the firms of copyright infringement.

Artists have been dealt a setback in their copyright fight against generative AI firms after a class-action lawsuit against several of the firms was dismissed by a United States judge, citing a lack of evidence.

In an Oct. 30 order, California District Court Judge William Orrick said the copyright infringement suit against generative AI image service Midjourney, art platform DeviantArt and AI firm Stability AI was “defective in numerous respects,” granting earlier dismissal bids from the firms.

Judge Orrick however allowed a copyright infringement claim from one class action member against Stability to go ahead and allowed the class 30 days to attempt to submit an amended suit with more proof.

“Even Stability recognizes that determination of the truth of these allegations — whether copying in violation of the Copyright Act occurred in the context of training Stable Diffusion or occurs when Stable Diffusion is run — cannot be resolved at this juncture,” Orrick wrote.

Highlighted excerpt of Orrick’s conclusive order. Source: CourtListener

The lawsuit was first filed in mid-January and claimed Stability’s AI model Stable Diffusion scraped billions of copyrighted images without permission — including those of the artists — to train the software.

DeviantArt also incorporated Stable Diffusion on its site, possibly copying millions of images from there without a license and violating its own terms of service, the suit alleged.

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Orrick said the AI-generated images likely don’t infringe the artists’ copyright as it’s “not plausible” they’re derived from copyrighted images. He added he’s “not convinced” unless the class can show the generated images are similar to the artists’ work.

Copyright claims from some class members were dismissed as their images weren’t registered with the Copyright Office — needed for bringing a copyright infringement suit.

Copyright infringement allegations are central to similar legal actions taken against AI firms such as the Author’s Guild’s class action against OpenAI, Universal Music Group’s suit against Anthropic and Getty Images suits against Stability AI in the U.S. and United Kingdom.

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Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K