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AP IMAGING TV
Stanojevic’s digital re-imagining of the photo is a bit like an introduction for a low-budget WWII TV documentary series. ‘Set to an original score by violinist and composer Nick Kennerly, the NFT includes a number of rarely seen images taken by Rosenthal a rare, digital version of the first print produced from his negative and Iwo Jima film and audio from the AP Corporate Archives.’ AP describes his work as ‘breathing digital life’ into Rosenthal’s Pulitzer Prize-winning image, ‘with an interpretation that offers collectors a historically important work of art’. Raising The Flag On IWO Jima: AP ArtiFact 1. Stanojevic is the artist behind the AP’s latest NFT venture. That NFT is an illustration by digital artist, Marko Stanojevic, and shows the US from space with the states coloured red or blue to represent the recent election results. Especially after selling its first digital art piece in auction for 100 Etheruem, roughly US$180K, in March. The AP is clearly an NFT supporter, or at least plans on riding the hype. Just like some physical art works are mass re-produced as cheap’n’nasty ‘wall art’. Although this may – or may not, as these are indeed strange times – be considered a cheap knock-off of the original NFT. There is nothing stopping others from saving the NFT as a digital file, such as a JPEG, or minting the same art work into another NFT on another block chain. The NFT creator ‘mints’ as many tokens they choose onto the blockchain, and it’s then limited to that number. Supporters may respond by pointing out that money is now mostly digital, or simply plastic paper, and only has value because we collectively assign value to it, so why can’t an NFT? One argument by NFT detractors is that because NFTs are digital and don’t physically exist, they have no real value. Much like cryptocurrency, the NFT craze jumped from a fringe online movement to mainstream when crypto bros made fortunes from auctioning digital art pieces as NFTs.Īnd also like cryptocurrency, the NFT market place is divisive. The highest bid, since expired, was a whopping US$30,000 – or to be more precise 11.96 Ethereum. The AP’s first auction for its 10 non-fungible tokens (NFT), a hyped up new digital asset unit stored on blockchain technology and bought with cryptocurrency, is a short video using Joe Rosenthal’s iconic image, Raising the flag on Iwo Jima.
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News wire service, Associated Press (AP), will auction 10 digital artworks that are representations of iconic photos captured over the agency’s 175 year history.