www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Global EditionASIA 中文雙語Fran?ais
Culture
Home / Culture / Art

Building a bridge between blockchain and world's top artists

chinadaily.com.cn | Updated: 2021-03-29 14:54
Share
Share - WeChat
Justin Sun, founder of TRON and BitTorrent CEO. [Photo provided to chinadaily.com.cn]

On March 28, Justin Sun, founder of TRON and BitTorrent CEO, officially announced the establishment of the JUST NFT Fund, along with plans to invite well-known artists to act as art consultants for the fund.

NFT, or non-fungible token, is a new type of digital asset whose ownership is recorded on a blockchain. Each NFT is unique and can't be duplicated. NFTs can represent digital files such as art, audio, videos, items in video games and other forms of creative work.

According to Sun, the mission of the JUST NFT Fund is the NFTization and transfer of the world's top artworks to the blockchain. "We will become the best performing Ark Fund in the NFT industry. JUST NFT will build a bridge between blockchain and the world's top artists, supporting the growth of native NFT artists in the world of crypto," he said.

Sun said the fund will focus on the world's top artists and artworks. In principle, the value of an artwork acquired by the fund will be no less than $1 million, with a median price of around $10 million. "I believe that the value of the art market is set by the leading artists and works, and only the artists at the very top of the pyramid can hold and grow their value over time."

The principle team of JUST NFT Fund consists of art market experts from traditional institutions including Christie's and Sotheby's. Responding to criticism that more and more low quality artworks have entered the NFT sector, the JUST NFT fund tends to set a threshold for selection of works of art based on estimated long-term market value.

The value of an artwork acquired by the fund will be no less than $1 million, with a median price of around $10 million. [Photo provided to chinadaily.com.cn]

Focusing closely on the leading crypto artists and investors, Sun recently acquired Beeple's Ocean Front at auction for $6 million. After learning of Sun's auction win, Beeple sent his congratulations tweeting: "Six million dollars for climate change. This is what we need to enact real meaningful change…to work together instead of fighting one another."

Since NFTs have become the new craze in both the tech and art spheres, Justin Sun has participated in auctions a number of times, including the high profile $60.25 million Christie's sale of the Beeple NFT, Everydays: The First 5000 Days. Sun, with a maximum effective bid of $60 million, showed his determination to enter the field.

"Blockchain technology can build a bridge between traditional art and the latest technology. Artists who embrace the NFT trend will become hotly sought-after in the future, while collectors who purchase NFT works will set a new standard for the definition of art and act as an incubator for a new era renaissance," said Sun.

He also plans to NFTize a series of artworks he recently purchased, and map their ownership on the TRON public chain according to the TRC-721 standard. The works will be permanently preserved on the TRON blockchain and BTFS decentralized storage system.

Most Popular
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 亚洲欧美久久精品1区2区 | 国产欧美一区二区三区观看 | 国产国语对白一级毛片 | 窝窝午夜精品一区二区 | 欧美一级特黄高清免费 | 日本红怡院在线 | 欧美一级毛片一级 | 久久免费激情视频 | 精品色视频 | 欧美在线看欧美高清视频免费 | 久久久久久久网站 | 特黄特色三级在线观看 | 日韩在线一区二区三区免费视频 | 亚洲男人的天堂在线视频 | 久久久久久久久久久久久久久久久 | 全部免费毛片免费播放 | 国产91综合 | 亚洲无限看 | 天天夜天干天天爽 | 国产成人微拍精品 | 豆国产97在线 | 亚洲 | 国产人成在线视频 | www中文字幕 | 久久综合中文字幕一区二区三区 | 午夜影院黄色 | 亚洲国产亚洲片在线观看播放 | 欧美亚洲一区 | 在线观看免费视频国产 | 日本一区二区三区四区公司 | 一级做a级爰片性色毛片视频 | 久久厕所 | 亚洲a在线播放 | 成人精品亚洲人成在线 | 国产手机在线精品 | 欧美久久亚洲精品 | 亚洲日韩aⅴ在线视频 | 久久久久一区二区三区 | 国产制服 国产制服一区二区 | 成 人色 网 站 欧美大片在线观看 | 一区二区三区在线免费观看视频 | 欧美在线视频不卡 |