Digital Art

China's official news agency plans to release its digital collectibles, despite the country's sweeping crackdown on crypto. The Xinhua News Agency, the official state-run press agency for the People's Republic of China, will issue digital art. The collectibles will mostly feature news photo reports from 2021 and use NFT tech. The Chinese state agency is joining other publications that dropped NFTs. For example, the New York Times sold an NFT of a column about NFTs for $560,000. However, the agency…

Since its debut in 2008 and Bitcoin's introduction, blockchain technology has achieved new heights daily. It incorporates the use of a decentralized ledger for information storage. With its infiltration into industries globally, companies see more benefits that blockchain technology offers. Security and ease of transactions and record-keeping are getting better with more innovations applied to the technology. Art has been around for a long time and is depicted in many forms. The richness contained in the sector requires the preservation…