The sale featured hotly-anticipated works like Dmitri Cherniak’s ‘The Goose’ and brought in almost $11 million, Sotheby’s concluded a spirited live auction of NFT artwork seized from bankrupt crypto hedge fund Three Arrows Capital (3AC) this week, bringing in over $10.9 million in sales. Generative artist Dmitri Cherniak has been experimenting with crypto since 2014, and his breakthrough NFT project Ringers through the Art Blocks platform has had an enormous impact on the field and its acceptance by the larger art world. Rapper Snoop Dogg has also launched a new NFT collectible series that will evolve in utility as he goes on tour this summer, and the ApeCoin community debated whether it made sense to pay each of its Special Council members $20,833 a month. AI music tools are revolutionizing music creation in Web3, allowing artists to express themselves in new ways and speed up production. Crypto-native musicians and platforms have already found creative ways to integrate AI tools into their practice. American Express teamed up with fashion site Hypebeast and golf brand Metalwood Studio to offer co-branded merchandise that can be accessed through POAP (Proof of Attendance Protocol) NFTs, and NFT collective PROOF is launching an IRL art gallery in Downtown Los Angeles. Lens Protocol, a decentralized social media platform from decentralized finance (DeFi) lending giant Aave, has also introduced a new open governance mode.
AI Music Tools Revolutionizing Web3 Music Creation
