Saturday, 1st April 2023
<To guardian.ng
Search

Singapore based $69 mn digital art buyer shines light on ‘NFT’ boom

The buyer of a $69 million digital artwork in the form of "non-fungible tokens" (NFTs) says he felt a "soul connection" with the artist as both men started as relative amateurs in their field but found success after years of hard work. Singapore based Vignesh Sundaresan, also known as MetaKovan, defends the price he paid for the collage of 5,000 pieces of art created on consecutive days, which has transformed its creator, real name Mike Winkelmann, into the third-most valuable living artist.

Related

10 Mar 2022
South Koreans went to the polls on Wednesday March 9 to elect a new president. Perhaps unsurprisingly for one of the most connected countries in the world, candidates for the top job used technology in a bid to connect with as many voters as possible, especially younger ones. Our correspondents report on the digital tools that have shaped the election campaign, from AI-generated clones of candidates to metaverse virtual reality platforms.
10 Apr 2022
Kendell Geers and Tsoku Maela are two South African artists taking part in 1-54, the leading international art fair dedicated to contemporary art from Africa and the African diaspora, which is currently on show in Paris. The artists speak to Eve Jackson about their work, which addresses mental health issues in African communities, apartheid and global economic concerns. They also discuss the monolith label of "African art" and how more needs to be done for the restitution of stolen African treasures.
11 Apr 2022
Artist Akingbade Adeniyi uses skewers and toothpicks as a mouthpiece to inform and inspire others living with dyslexia
19 Apr 2022
As the Russian invasion of Ukraine continues to impact crucial food exports, wheat prices are soaring. Many African countries rely on Ukrainian and Russian grain exports and could face a severe food crisis. But in Cameroon, entrepreneurs are coming up with alternatives to wheat, which is used to make flour. Production of bread and cakes made from local cassava and sweet potato flour is now booming. These tubers are abundant in the country but are normally used unprocessed in traditional dishes. Our correspondents report.
23 Apr 2022
A Nigerian exhibition, "Art In Autism", is showcasing work from teenagers with autism to raise awareness of the condition in a country where diagnosed children are often shunned and kept behind closed doors.
29 Apr 2022
The Democratic Republic of Congo is home to a vibrant, and diverse, arts scene from contemporary creations to performance to dance. The DRC's more established artists are represented at festivals and exhibitions worldwide, but at home, they lack support or protection. We meet artists in Kinshasa to discuss the future of Congo's art scene.
1 May 2022
For years, Singapore has been considered a skilled practitioner of hedging between the world's superpowers and not taking sides. Now it is one of the few Asian countries to openly condemn Russia's invasion of Ukraine.
5 May 2022
In Singapore, the fate of two Malaysian men on death row has sparked local mobilisation and attracted international attention. On April 25th, Nagaenthran Dharmalingam was hanged. With an IQ of 69, which is recognized as a disability, his execution could amount to a breach of international law. The next day, 36-year-old Datchinamurthy Kataiah won a last minute reprieve from Singapore's top court, thereby suspending his execution. We talk to journalist and anti-death penalty activist Kirsten Han.
5 May 2022
Central African Republic and El Salvador have made Bitcoin legal tender and Panama has approved a bill to regulate crypto assets. Experts have warned that nations that adopt crypto currencies risk instability.
8 May 2022
Kenya-based Yvonne Waiyaki uses art as therapy for deaf children. With support and proper follow-up, they are integrated in the community and can achieve as much as their hearing peers.
14 May 2022
Zimbabwean farmers looking to cash in on a global boom in medical marijuana face a litany of costs and regulatory barriers, but growers like Munyaradzi Nyanungo are betting it will boost their fortunes after decades of economic decline.
24 May 2022
As the international art world flocks to Dakar for its much-anticipated Biennale, Senegalese artist Fally Sene Sow just has to look out the window to find inspiration in the colourful and chaotic market street outside his studio in the capital.