Famed Street Artist, Okuda San Miguel, Announces Carbon-Neutral NFT Drop
The world-renowned street artist, Okuda San Miguel, has just announced his first NFT drop. The drop is happening on Monday, August 2nd on Nifty Gateway and includes five original animations. The entire drop will be carbon-neutral, and a portion of profits will be donated to charity. More info, and a link to hi-res imagery, can be found in the press release copied below. And I’d be happy to connect you with Okuda, if you’d like to speak to him about the drop.
The multidisciplinary artist’s first foray into digital art, Okuda’s NFT drop includes five original pieces, is entirely carbon-neutral, and a portion of sales will be donated to the Coloring the World Foundation.
MADRID, SPAIN, July 26, 2021 – Internationally renowned street artist, Okuda San Miguel, is dropping his first-ever NFT collection on Nifty Gateway on August 2, 2021.
Known for his vibrant, large scale artworks, which include murals, sculptures, and immersive installations, the Madrid based artist is now making his first foray into digital art, with a collection of five carbon-neutral NFTs.
Explains Okuda, “As an artist I embrace all media through which I can develop my work, whether that’s murals and paintings, three-dimensional sculptures, or installations and immersive exhibitions. I’ve never limited myself to a single discipline, because I believe that the more mediums I work in, the more people I can reach. NFTs, to me, are yet another way I can invite viewers into my universe, and connect with an audience I may not be able to otherwise.”
Okuda’s NFT drop includes five original animations, divided into two series: Kaleidoscopic and Symbols.
Says Okuda, “Kaleidoscopes have always interested me because they create new connections between existing elements. For the three NFTs that make-up the Kaleidoscopic series, I used parts of previous works of mine, putting them into an entirely new context, and imbuing them with new meaning and purpose. The two pieces that make up the Symbol Series, on the other hand, are a discourse on crypto art. I believe that NFTs are a viable medium that is here to stay, and I’ve communicated that sentiment through two symbols: the skull, which represents the past, and the Kaos star, which represents the future. Together, they are my statement on the digital art revolution.”
100% of the carbon emissions from Okuda’s NFT drop will be offset by Offsetra and a portion of sales will be donated to the Coloring the World Foundation, an organization that uses art to create a more diverse and inclusive society.
Kaleidoscopic Journey – Edition of 1; 24 hour auction
Gift: Meet and greet and party with Okuda in Miami Art Basil, and Okuda original sketch
Kaleidoscopic Skulls – Edition of 5; 30 min ranked auction
Gift: Art print (signed and numbered by artist)
Kaleidoscopic Animals – Edition of 5; 30 min ranked auction
Gift: Art print (signed and numbered by artist)
Universe Walk – Edition of 11; 30 min ranked auction
Gift: Art book (signed and numbered by artist)
About Okuda: Okuda San Miguel is a Spanish artist whose colorful pop-surrealist work has graced the walls of galleries and buildings across the globe.
His work aims to break down boundaries between different people and cultures, and make his audience feel something new with each piece. Throughout his travels, Okuda San Miguel aspires to leave a positive impact on the people and places he visits through his art.
The unique use of color, geometric structures and surreal compositions found in his murals, canvas, sculptures or installations define a style informed by both the academic and the street worlds.
3LAU is a titan within the NFT ecosystem, especially with Nifty Gateway. Unfortunately, his drop was delayed due to a lot of technical difficulties. The issues started bubbling up due to the lack of communication from NG on why the drop was unceremoniously delayed without any additional information. The NFT Culture team talked about it on a recent stream and may have been a little less than kind with some of our critique. Now that the dust has settled. we’re re-excited for the drop and hope that 3LAU enjoys massive success with the upcoming drop.
From 3LAU Discord:
good news! We are working on a rescheduled date for the drop as well as some logistical fixes! Thanks for understanding We are looking at Thursday 5/27 and will confirm shortly! You will NO LONGER NEED MULTIPLE ACCOUNTS TO ENTER multiple times. If you own multiple qualifying pieces in one account, you will be able to make the pro-rata number of entires in each drawing. If you made it in the first time, you will still have to re-enter again on the new date. It will be as though the previous drop date never happened at all
Reasons for rescheduling:
#1 – Prior to my drop date, Nifty’s Silent Auction code was updated & re-deployed: it unfortunately had a bug that disabled everyone from bidding on Don’t Wait.
#2 – Multiple qualifying accounts were having issues making entries. This was a poor method for allowing collectors with multiple qualifying pieces to enter drawings in the first place. We are glad to correct it before the rescheduled date. Nifty is making this correction a #1 priority!
Don’t leave home without it? Or, have NFTs reached peak of inflated expectations?
Gemini has partnered with Beeple to create a limited edition Beeple x Gemini Credit Card that they will be giving away to 50 lucky individuals!
Our initial impression of this announcement was hesitation. After additional reflection, the type of customer Gemini is pursuing with their Credit Card offerings are inherently Crypto Natives who understand the value of crypto-currencies and likely also share an affinity for NFT’s and the excitement around Beeple as an artist. If I were in market for a Gemini style Credit Card, winning a limited edition beeple would be exciting. Additionally, learning that we can get 3% back deposited directly into crypto is pretty cool.
Gemini announced last month that they would be partnering with Mastercard to release a credit card that allows you to earn up to 3% back in bitcoin or other crypto currencies on dollars spent. Some details on the features include:
Real Time Rewards (Crypto deposited Real time)
No Annual Fee
World Mastercard Benefits
24/7 Live Support
Details of the Beeple Credit Card
You must join the Gemini Credit Card waitlist to enter the sweepstakes and be approved for a Gemini Credit Card to have a chance to win one of the 50 Beeple x Gemini Credit Cards. If you are already on the waitlist, you will automatically be entered. The sweepstakes starts today and will end right before midnight ET on Thursday, May 20, 2021. Fifty winners will be randomly selected on October 15, 2021. The card design will be revealed at a later date.
Eligibility. The sweepstakes is open only to legal residents of the United States, who are at least 18 years of age on the date of entry and satisfy the Gemini Credit Card eligibility requirements. Limit 1 (one) entry per person.
The opinions expressed in the Blog are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product. It is only intended to provide education about the financial industry.
In proper Beeple NSFW fashion he attached an image that highlights the path to success.
F*ck checkcing facebook again
F*ck that pic you just saw on instagram
F*ck worrying about how many people liked your last post
F*ck the news
F*ck that person you really should email back
F*ck your self doubt
F*ck whatever happened yesterday
F*ck starting tomorrow
F*ck will people like this
F*ck will this be good enough…
F*ck all of your excuses
sit the f*ck down and do your work
Beeple is well-known for his eloquent combination of swear words and conveyed succinctly what drove his success. Beeple is well known in the art world and gained notoriety even before his entrance into NFTs because of his dedication to the craft and committing to the concept of Everydays, where he created and published a piece of art every single day for over 13 years straight. We’ve discussed this before, but it took Beeple over 13 years to become an overnight success. We will see what the future holds, but watch this drop closely.
Monday through Wednesday of this week (April 12 – 14), Nifty Gateway went all out on a collaboration drop between elusive artist Pak and the auction house Sotheby’s. The drop was first reported by us back in our March news roundup, here: Big Drops and Rumors – March 2021 Edition. The drop fit more into the “Performance Art” category of art vs. a work based purely on the face values of the NFTs being released. It employed a deep set of gamification approaches, which could be considered (cynically) as an approach more to optimize the revenue generated by the work itself, rather than purely as an artwork that sought to be an exploration of gamification of NFTs.
The drop, by objective measurement, was a raging success by Nifty Gateway, Sotheby’s, and Pak. Gross revenue on the drop (by our calculations) exceeded $20 Million.
~14000 Day 1 Cubes @ $500 / Cube = $7M
~4000 Day 2 Cubes @$1,000 / Cube = $4M
~5000 Day 3 Cubes @ $1,500 / Cube = $7.5M
1/1 “The Switch” @ ~$1.4M + 1/1 “The Pixel” @ ~$1.4M = $2.8M
Grand Total: $21.3M
In this article we will take an in depth analysis of the numerous gamification approaches employed during the drop, and contrast them against the “face value” of the work, or the actual unique individual pieces of art.
The primary work itself, the “Cube” isn’t a NFT itself, but an entry ticket that determines which NFT you will receive.
Accumulation of increasing quantities of Cubes as a mechanism for access to unique works (the redeemed Cube works).
The Pricing of Cubes, with an unannounced/surprise increase each day of the competition.
Competition for 1/1 “The Cube”, based on being the largest purchaser of Cubes.
Competition to be in the top 100 of cube purchasers, yielding a gift of “Complexity”
Equilibrium, which is a work awarded based on Pak related achievements, which are primarily geared towards hyping the drop or Pak.
A community giveback in the form of a limited edition series of NFTs (“The Builder”). No guidance is provided on how to be considered, it is purely at the discretion of Pak.
A concurrent announcement by Pak, on Twitter (See: Here), of a new ERC-20 token called $ASH.
Nifty Gateway’s public declaration of the rumored “Whitelist”, and opening it to global participation.
We will break these out with some individual commentary.
#1 – The “Cube” isn’t actually a NFT
The most obvious gamified element of the whole drop, is what you actually are puchasing. Only 3 things are explicitly available for purchase: “Cubes” and the two 1/1 auction items. The cube functions purely as a $500 – $1500 entry ticket into a giveaway of 8 different artworks with limited enhanced artistic value. This aspect of the work is admittedly thought provoking, as it forces the buyer to ask, what is the right number of cubes to buy to achieve my objectives as part of the performance, but the level of thinking is comparable to counting change in a change jar and deciding how many pennies and quarters you want to keep in your pocket for a day at the fair. The depth is relatively mundane at best.
#2 – More “Cubes” means better NFTs
Instead of simply making 8 works, with increasing degrees of artistic effort and or resultant value, Pak has sidestepped any meaningful effort and just made 8 cubes that are glued together in higher quantities. We did our best to analyze the artistic direction he might have used to decide how to structure the removed cubes to equal appropriate quantities, but we couldn’t arrive to any meaningful connection. At most this work will stand as a measure of some collector’s pocket book and nothing more, to continue with the pocket change analogy. There is no direct increase of viewing pleasure of a single cube vs. a thousand cubes. The images might as well not even exist.
#3 – Unannounced / Surprise increase of “Cube” pricing
This element of the drop can be filed in the filing cabinet of dirty tricks. On day 1, cubes are $500 each. On day 2, cubes now have doubled in price. Why? Collectors seeking to win the largest sunk cost competitions will now have to play a game of chicken with each other and dig even deeper to insure their victory. Is there any artistic value here? Not really. Collectors who now maybe didn’t make the first day of the auction and only wished to buy a single Cube, for the sake of being a small time collector of a Pak work now have to pay double for the same exact piece of work. Even worse, there is now an unexpected cattle prod urging the small time collector to irrationally act quickly, or else the price might double again. In the end, Day 3, the price only increased by another $500. Why not another doubling? Why not 5x? The only explanation for the price increases was to increase the gross financial yield of the drop. In our eyes, this was less performance art, and more of a money grab. The vastly decreased number of purchases on day two contributes to our belief that the Nifty Gateway collector community felt the same way.
And lastly we must ask, what if the price on day 3 was instead lowered to $1 instead of raised? That would have been a real intriguing performance art, because then every collector would have been able to purchase the entire collection, leaving all collectors, regardless of their wealth in a similar footing, while the wealthy collectors could still compete for largest sunk price.
#4 and #5 – Competition for the largest sunk cost
This is mostly covered in #3, but we see competition for largest sunk cost as not artistic in any way, and purely a mechanism to encourage larger buyers to contribute as much as possible to the revenue of the drop.
#6 and #7 – Explicit community driven marketing approaches
Community participation in a drop is certainly not a problem in and of itself. “Equilibrium” and artists giving back to their long time supporters and influences is certainly a reputable thing to do. And the other mechanisms such as announcement of a puzzle and estimating the size of the sale are generally just fun aspects of an event to include.
Where we start to feel icky is social media posting to the biggest social media account, vs. some sort of random selection algorithm, as well as making the highest purchase of a previous Pak work, specifically from its initial marketplace. These are both heavily conflicted tit-for-tat sort of requests, that instead of contributing to the goodness of the work, they seem to be specifically designed to contribute to the goodness of the profit of the drop.
#8 – Concurrent Launch of $ASH
On April 12th, Pak tweeted about the launch of a new ERC-20 token, which claims to be a mechanism to purchase future exclusive Pak artworks by burning other artworks. The tweet and other surrounding material has the implication that purchase of “Cubes” will be a cost efficient way of acquiring future Pak works. NFT Culture Staff had some internal debates about this, and came to the ultimate conclusion that this announcement walks dangerously close to the line of being an an implied investment into future Pak deliveries.
Securities Law can be summed up as follows:
A security is an investment in a business. It can take the form of shares of stock, bonds, a package of loans or mortgages offered for sale by a financial institution or a financial instrument representing investment in a company or an international project.
That emphasized bit is the grey area where the “Performance Art” treads dangerously close to being a “Security” on the basis that you are investing in a work that will be delivered at some future date. We are confused as to how the concurrent tweet by Pak passed legal review. Our expectation is that progress on an actual release of $ASH or the ability to convert NFTs from this drop into $ASH will never materialize. We will update if things change.
#9 – Nifty Gateway Raises the curtain on the “Whitelist”
Visitors to Nifty Gateway on April 12th were greeted with a new modal, describing an approval form in order to pay via wire transfer or ACH, if the user intended to make a purchase of over $100k.
We have long heard rumors of the “Whitelist”, but had not been able to find a solid source who was able to discuss it. From what we have heard, the whitelist works as an additional payment option that shows up on the Nifty Gateway purchase confirmation page. The whitelist option allows you to enter any price (presumably up to your limit), make the purchase, and then settle up with Nifty Gateway at a later date. We were first tipped off to the Whitelist while watching bids on the Beeple Carbon drop, and hypothesizing how it was possible for someone to have >$5M of purchasing power when the options were only account balance or credit card authorization. A random tip via discord about the “Whitelist” later solidified our belief that a hidden option existed.
How is this Gamification, our astute readers ask? Well, it is our hypothesis that Nifty Gateway wanted to prime users’ collective reference points for winning the “Complexity” award (Top 100 Cube Purchasers) with some form of indication that at least $100k of “Cube” purchases would be necessary to win the award. Nifty Gateway had no discernible reason besides this to lower the curtain on the Whitelist, as anyone with the capability to fund $100k of NFTs would have already either have solved the account funding issue or would have previously already been a candidate for the whitelist.
If you’ve made it this far, you probably will conclude that NFT Culture staff sees “The Fungible” by Pak as a failure for the NFT artistic community. In the end, the work consists of 14 unique art pieces, the performance of $20M of revenue generation, and some as of yet unfulfilled promises of a solution to over printed editions of NFTs in the past. In the future, we would love to see artists spend as much time gamifying their works for the good of their supporting community, and less time optimizing them for maximization of revenue. We give Pak a little credit for obviously putting a lot of thought into the piece, but we feel that the resultant work has fallen flat. Hopefully Pak can make up for it in whatever comes next.
KidSuper (Colm Dillane) is the 25-year old Atlanta-based provocateur that has build a huge following on social media and launching fashion lines with pop stars. Currently embroiled in a lawsuit against Atlantic Records, the artist turned fashion icon has launched his first NFT colleciton on Nifty Gateway.
In a recent profile from hypebeast, KidSuper shared his inspiring message:
Enthusiasm is contagious. Whatever you do, give it the utmost enthusiasm because people respect that. Even if you’re not the most talented or gifted – if you come with the most energy and the willingness to work 10 times harder than others, people will appreciate that.
KidSuper has polymath goals launching bi-coastal studios that allow him to create music, fashion, dance, and more. We are excited to see what is in store for KidSuper as he explores the NFT space.
World Famous (with over 1m followers on instagram) visionary artist Alex Gray has entered the NFT world. Known for his psychedelic painting that articulate alternative states (so we’ve heard) the successful artist is dropping his first NFTs on Nifty Gateway. The first drop was a partnership with partner Allyson Grey and in true stoic form 4 editions were $1.00 Drawings making them incredibly accessible and likely very coveted pieces on the secondary market.
The mystic paintings of Alex Grey articulate realms of psychedelic visionary consciousness, revealing interwoven energies of body and soul, love and spirit, illuminating the anatomical core of each being. Alex’s visual meditations on the nature of life and consciousness, the subject of his art, have reached millions through his five books, the exhibition and extensive reproduction of his artwork, speaking appearances including a popular TED talk, stage sets, video animation, and Grammy award winning album art for the band Tool.
Trevor Jones, who has grown in notoriety within the nifty community by blending the digital and non digital realm via numerous drops on nifty gateway just announced that everyone who owns one of the 4,000 Plus Bitcoin Angel open editions will be entered in a drawing to win a yet-to-be announced print on April 21, at 1pm, Eastern Time.
The winning nifty owner doesn’t need to be stored on nifty gateway, but what is interesting is that he’s using this additional piece of art, or print as a way to promote his discord channel.
To win, you must own one of the Bitcoin Angels, and be a member of the TJ art club discord linked here. This is just another example of how brilliant artists are testing the space of non fungible tokens, by adding layers of complexity and gamification. As the market saturates and investors cool on the massive drops that started around February of 2021, a few artists like Trevor Jones. Mad Dog Jones, Slime Sunday, and more have found ways to make the broad, open editions, more lucrative for collectors, who’ve attempted to buy their art. This is an amazing way for these artists to engage with their collectors and create additional excitement, period. The final thought is, when Bitcoin ultimately reaches the $77,777 mark, Trevor Jones will once again pick a random, owner of the Bitcoin Angel and do a 1/1 painting based on them, their likeness, or a family member.
Additionally details from his website state that he will also give a random winner an additional Bitcoin Angel NFT (increasing their odds) or allowing them immediate profit as the current price of Bitcoin Angel is hovering above $3,000 USD.
Finally, Another giveaway will take place on May 22nd, Bitcoin Pizza Day.
It’s truly an exciting time to be a collector. Hold on. It’s going to be a bumpy ride. Don’t invest more than you need to find our love, collect our E love, support the artists that deserve it.
Lazy.com has arrived. Mark Cubans incredibly simple but reliable way to display you NFT collections across a variety of wallets. We’re impressed with the ease of use to add multiple metamask wallets and display your NFTs across a myriad of marketplaces in one place. Currently the service has a few limitations that should be resolved in future updates. The biggest gap right now is that it only works with metamask wallets so if you currently use solutions like Fortmatic, Walletconnect or other wallets you’re going to need to transfer your NFTs to a metamask wallet to display them using metamask to consolidate into lazy.com. Given Mark Cubans focus on NFTs recently, we suspect additional functionality to be rolled out quickly.
It is worth noting that these wallet based solutions are incredible for collectors, but users of websites like NiftyGateway will be left wanted unless they move their art off the NG wallet and into their own wallets. There are potential solutions around this like NFTapps.io that asks you to bid a small amount on an open edition to verify username and display art you own within your inventory and dashboard. As we learn more, we will update this article but so far, we’re incredibly impressed by lazy.com.
Current Features include:
Connect Multiple (Metamask) Wallets allowing the user to display their NFTs
Pin your favorite NFT art to highlight and showcase your favorite NFTs
Unique username and an easy way to show off your NFTs
While lazy looks simple right now, we could see this eventually evolving into an NFT social network allowing collectors an amazing resource for sharing and interacting with eachother, finding similar collectors, and eventually embracing the broader community.
For this interview we were lucky enough to sit down with the Italian Nifty Gateway artist DotPigeon. We excited about this drop that is including collaborations with a number of other published NG artists, in fact DotPigeon is slated to release his second NG drop this evening. Before dipping his toe in the cryptoart space, DotPigeon enjoyed a meteoric rise in the broader art community by producing vivid, provocative, and controversial art that interprets many issues that resonate our current obsession with fame, money, and culture.
Thanks for agreeing to this interview, why don’t we start with the basics… tell us about yourself.
I’m a 33 yo artist with a full time job as art director supervisor in an advertising multinational agency. I started my art career in 2017 when i first opened my Instagram page @_dotpigeon.
At first DotPigeon was a relief valve from my job
At first DotPigeon was a relief valve from my job: I used to create artworks just to escape the daily routine of briefs and clients. The page was successful, I reached more than 25K people in the first two years and got published on several big Instagram pages. I got contacted by Plan X Art Gallery (that still represents me), I had my first group show and began evolving. I started exploring new styles and sharpening the idea behind them and after one year I reached what DotPigeon is now.
So you have two upcoming drops today, tell us about them.
My first ever solo show and my second drop on Nifty Gateway will happen on the same day: March 6th. I’m so excited about this actually mostly because the two shows are linked.
Artworks from the solo show and from the drop are the same, but different: physical ones have different sizes, they are unique pieces printed on canvas and they feature contemporary art. Those released on Nifty are the same size, they are animated and they feature crypto art by amazingly talented artists. There will also be an auction on Nifty and the winning bidder will bring home also the correspondent physical 1/1 artwork from the solo show. Cannot be more excited actually 🙂
From Nifty Gateway:
After many group shows, on March 6th DotPigeon launches its first solo show and simultaneously its second drop on Nifty Gateway. For the first time a traditional art show will have a meaningful digital correspondent. It’s not just a website where you can see and eventually buy the artworks of the exhibition. Indeed all artworks, while remaining the same, are completely different. In the physical show they have different sizes, they feature contemporary artworks and, obviously, they are not animated. On Nifty Gateway they all have the same size (2024 x 2700px), they are animated and they feature crypto artworks.
What makes this unique is that the winning bidder from the auction pieces will get both the NFT as well as the physical art when the solo show ends.
So let’s get into the personal aspects. what makes you tick?
Like many artists, I haven’t yet been able to focus on this fulltime. I have to find ways to spend my nights and weekends creating and curating this art. It’s excited to see so many collectors appreciate my unique style and hopefully at some point in the future I am able to spend more time on the art. In between the pressures of the job and my creativity, I love going to restaurants and clubs with my girlfriend and friends.
Who is your favorite Non NFT artist?
That’s a tough question. If I had to pick one, I’d have to say Basquiat (Jean-Michel Basquiat). He was an American artist that pioneered graffiti and epigrams in NYC during the 1970s. Much of the cryptoart community is inspired by this period of growing expressionism in America. Basquiat resonated with me in particular, the dichotomies of wealth vs poverty and other socioeconomic issues that still ring true over 30 years later is an inspiration. I often pay homage to him in my physical pieces.
Who is your favorite NFT artist?
I can’t say there’s just one favourite artist, I really appreciate many of them for different reasons, just to mention a few: Baltay Steven, Mad Dog Jones, Tom Yoo… there really are too many to name!
What made you pursue NFT art?
Curiosity. I discovered NFTs with the first drop of Slime Sunday. I reached out to Nifty Gateway to better understand this world and when I chatted with Duncan I was instantly enraptured by the idea and the potential of all this. I was lucky enough to have been successful before NG and also become an early featured artist. Those to factors gave me time to really take a step back and figure out what I wanted to do with my next release. I hope the collectors appreciate the beauty and collaboration with those that let me use their work as well.
What is the one piece of NFT art you wish you had purchased but missed out on?
Absolutely Prime by Baltay Steven. I’m in love with this artwork and more generally I like the way he used pop culture characters inside his pieces.
Featured on both Makers Place and SuperRare, ONEFALLART has become one of the most popular NFT artists in the community with drops reaching record value across platforms.
OneFallArt is a self-taught digital Artist with a Master’s degree in Psychology. His Art is marked by emotions and ruled by destruction. His world of the Future is full of suffering, but in all this he finds harmony and order. OneFallArt is a self-taught digital Artist with a Master’s degree in Psychology. His Art is marked by emotions and ruled by destruction.