NiftyNoon: Do People Even Want Jackson Pollock NFTs?
While the Pollock NFT has drawn some market attention, it is the physical prints that NFT collectors have truly focused on (July 20, 2023)
Nifty Thought
The release of the Jackson Pollock Studio Collection has revealed an interesting quality about the state of the current NFT market. This collection, officially released in coordination with the Jackson Pollock Studio, is comprised of scans of various floorboards that surrounded Pollock’s published work. While the NFTs have been quite popular and have been trading on the secondary market for around .5 to .8 ETH, it is the physical prints that have drawn the most interest from the NFT community. The interest of NFT-native buyers in these physical prints reveals how even the most digitally-savvy market views traditional art.
Pollocks are clearly best appreciated physically whereas Beeples may be best appreciated digitally. The context surrounding the art informs the medium by which people wish to collect it. The interest in the physical prints of these Pollock NFTs suggests that the future to onboarding the traditional art world likely comes, not from traditional artists, but rather from digital native artists. If even Pollock cannot make NFT-natives prefer NFTs to physicals, it is likely no traditional artist can. It will be the Snowfros and Beeples of the world that bring in the next wave of digital art collectors.
Highlighted News
BeyondTheEdge: The Jackson Pollock Studio Collection mints out with 60 pieces reserved for credit card purchase available Thursday, July 20th:
https://twitter.com/iconic_nft/status/1681824228918853633?s=61&t=OqWT31BZIdiX05EbFt2ByQ
Pranksy tweets about @Iconic_NFT collaboration with Jackson Pollock's studio:
https://twitter.com/pranksy/status/1681749642948620291?s=61&t=OqWT31BZIdiX05EbFt2ByQ
Serious sales in the most recent @Sothebys auction which just finished:
Project and Community News
UniSat Wallet announce brc20-swap, the first-ever Ordinals native swap, floating on top of bitcoin mainnet, utilizing brc20 protocol as its underlying asset infrastructure:
https://twitter.com/unisat_wallet/status/1680555419347894278?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
An industry first Ordinals collection is coming for BeyondTheEdge holders. Coming soon to Magic Eden:
https://twitter.com/iconic_nft/status/1681672914142388224?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Louis Vuitton VIA. The first VIA journey is now available:
https://twitter.com/louisvuitton/status/1680962486470602760?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
The redemption window for the GutterMelo MB.03 physical sneaker is now live from July 18 to August 20:
https://twitter.com/GutterCatGang/status/1681381575173484544
Moonbirds Mythics reveal date hasn’t been announced, no matter what the fake accounts say:
https://twitter.com/moonbirds/status/1681416233546313729?s=20
Let's talk about Azuki:
https://twitter.com/ari_crve/status/1681506761314910208?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Investigation into Momoguro- A Case of Incompetence or Something More?:
https://twitter.com/lokithebird/status/1681581727851110400?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
At roughly t-41 hours a penguin will go to space. This is not a cryptic message, it will actually happen. 2 hrs before the end of the countdown:
https://twitter.com/pentosh1/status/1681393614809866241?s=46&t=55viSOwXc_NFBXQU0OlC1g
Wagmi-san shares teaser video:
https://twitter.com/10ktfshop/status/1679623404834672640?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Threadguy changes pfp:
https://twitter.com/notthreadguy/status/1681481988849668096?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Doodles share a first look of Doodles x CAMP:
https://twitter.com/doodles/status/1681665632620666882?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
MoonCat shares thoughts on Cryptopunks hoodies:
The Worm NFT celebrates 2 years:
https://twitter.com/thewormnft/status/1681491846344605700?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Am I Dreaming? by @deekaymotion sold to @ptmNFT for 52.5 ETH:
Quick Stats:
Blur ETH Daily Volume: 3,677 ETH (▼ 29.83%)
OpenSea ETH Daily Volume: 1,614 ETH (▼ 0.68%)
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ETH: $1,920.97 (▲ 0.51%)
Solana: $27.01 (▲ 2.13%)
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NFT Daily Winners:
⛩️ Azuki: 5.61 ETH (▲ 5.43%)
🐧 Pudgy Penguins: 3.98 ETH (▲ 3.92%)
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🌈 Doodles: 1.59 ETH (▲ 2.58%)
🏴☠️ Captainz: 6.29 ETH (▲ 2.28%)
🧟 Mutant Ape Yacht Club: 6.07 ETH (▲ 2.07%)
🦧 Bored Ape Yacht Club: 33.15 ETH (▲ 2.00%)
🏳️🌈 Chromie Squiggles: 10.58 ETH (► 0.00%)
🐈⬛ VeeFriends: 1.70 ETH (► 0.00%)
NFT Daily Losers:
🦉 Moonbirds: 1.53 ETH (▼ 0.07%)
🧬 Clone X: 1.67 ETH (▼ 1.44%)
🚬 CryptoPunks: 48.69 ETH (▼ 2.41%)
👩🏻 Milady Maker: 2.73 ETH (▼ 6.70%)
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