Self-proclaimed tinkerer 0xDEAFBEEF has created a new type of non-fungible token (NFT) that is gaining popularity in the digital art world. Here are the most important things to know about this innovative approach:
1. The NFTs degrade in quality every time they are traded. This means that the audio and visual components of the NFT become more distorted and glitchy with each transaction. This degradation is intentional and adds to the uniqueness of each piece.
2. The NFTs are sold through auctions on various platforms, including SuperRare and Nifty Gateway. Some of the pieces have sold for tens of thousands of dollars, indicating a strong demand for this type of digital art.
3. 0xDEAFBEEF is known for his experimentation with technology and art, and this new approach to NFTs is just one example of his creativity. He has also worked on projects involving virtual reality, machine learning, and generative art.
In summary, 0xDEAFBEEF’s audiovisual NFTs that degrade in quality with each trade are a unique and innovative addition to the digital art world. Their popularity and high price tags demonstrate a growing interest in this type of experimental art.