These platforms provide artists with around 10% royalties on any future sales of their work. Platforms like Nifty Gateway, Super Rare, and Foundation have been home to names like Grimes and digital comic artist Chris Torres. "They started selling crypto art and they're already starting to see some benefits and recognition." "One of the coolest things about Nifty Gateway is that there are all these artists who basically only existed on Instagram or Twitter who were creating all this really special work, but never had a way to make money from it," Griffin Cock Foster told Insider. Cryptokittis takes full advantage of the current era of online currencies. Nifty Gateway co-founders Duncan and Griffin Cock Foster told Insider their company works one-on-one with artists. A Virtual Pet Game for the Cryptocurrency Era. Since then, famed auction house Sotheby's has also announced plans to sell NFTs.įor multimillion-dollar digital artists like Mike Winkelmann - more commonly known as Beeple - platforms like Super Rare, Foundation, and Nifty Gateway allow buyers to pick from carefully curated work. In February, Christie's - an auction house that was founded in 1766 - made its first foray into digital tokens with the $69 million Beeple sale. Some traditional auction houses have already started to get in on NFTs. These kitties were sent to me by people who have made tremendous achievements in this space. NFT artist Trevor Jones told Insider that digital-art trading platforms could make more traditional art markets obsolete. Just went and suited up the first collection of cryptokitties. For professional digital artists, NFTs have opened creators to a windfall of profit.
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