BEAMSTART Logo

Proof-of-work: The Bitcoin artists on minting NFTs and OpenSea

Coin Telegraph LogoCoin Telegraph3 mo ago

Proof-of-work: The Bitcoin artists on minting NFTs and OpenSea - Coin Telegraph

Quick Summary:

Minting a nonfungible token of artwork seems a no-brainer for an artist: Cointelegraph spoke to those that took the plunge.

FractalEncrypt explained that the link between the art and the token was “ephemeral at best and an outright misrepresentation/fraud at worst.” They compare the issuance of NFTs as akin to centralized companies' issuing tokens, which could be problematic and even litigious.

For Bitcoin (BTC) artists, the way is inspired by Bitcoin, its code, its philosophy and its imagery.


More Pictures


or

Article Details

Author / Journalist: Cointelegraph By Joseph Hall

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-08-06 @ 14:26:00 (3 months ago)

News Timezone: GMT -5:00

Ranking: #261 (out of 1394 stories this day)

News Source URL: cointelegraph.com

Language: English

Article Length: 982 words

Reading Time: 6 minutes read

Sentences: 45 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 117364

View Article Analysis

About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 25 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Proof-of-work: The Bitcoin artists on minting NFTs and OpenSea" has 982 words across 45 sentences, which will take approximately 5 - 9 minutes for the average person to read.

Which news outlet covered this story?

The story "Proof-of-work: The Bitcoin artists on minting NFTs and OpenSea" was covered 3 months ago by Coin Telegraph, a news publisher based in United States.

How trustworthy is 'Coin Telegraph' news outlet?

Coin Telegraph is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.

The outlet is headquartered in United States and publishes an average of 25 news stories per day.

It's most recent story was published 10 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #117364
  • URL: https://beamstart.com/news/proof-of-work-the-bitcoin-16597961952962

BEAMSTART brings you the latest news, jobs, and events from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2022 BEAMSTART. All Rights Reserved.