...

Visa Launching NFT Program to Support Digital Artists




  • In Business
  • 2021-10-13 17:29:09Z
  • By CoinDesk
 

Visa is launching an NFT support program to help artists join the digital art space.

  • The financial services giant is partnering with former Major League Baseball player turned NFT artist Micah Johnson to build a program that will support artists who want to use NFTs to sell their work, Visa said in a press release.

  • Visa will select a small group of creators through an application process and then help them learn about the crypto and blockchain industry.

  • "We believe that we are at the beginning of a digital renaissance in the world of art and content creation," Visa's Head of Crypto Cuy Sheffield wrote on Twitter. "New technologies emerging in the crypto ecosystem, like NFTs, have the potential to lower the barrier to entry for digital creators across the world to build their own small businesses."

  • A large number of NFT marketplaces have launched in recent months. On Tuesday, cryptocurrency exchange Coinbase became the latest organization to join the trend. According to a report by the data analysis company DappRadar, the NFT market passed $10 billion in sales volume in the third quarter.

  • Micah Johnson joined the digital art space in 2020 and is the creator of Aku, an animated black astronaut character, which has become the first NFT to be optioned for a major feature film. Aku was released in February 2021 on Nifty Gateway and sold more than $2 million in NFT tokens in 24 hours.


"Working together [with Visa], we want to arm creators with the resources they need to stay at the forefront of this revolution," Johnson said in a statement.


COMMENTS

More Related News

NFT Artist Brian Frye Wants You to Steal This Article
NFT Artist Brian Frye Wants You to Steal This Article

Brian Frye, a conceptual artist, film maker and law professor, encourages people to plagiarize everything he's ever created or said. Over the past decade...

MLB
MLB's 4-Hour Games May Spur Even More Rules Experiments

Charlie Morton, a starting pitcher for the Atlanta Braves, is ending his 14th big league season, so he's been around long enough to experience how pitching in Major League Baseball has become the untamed beast it is today. He's made 306 starts, 15 in the postseason, barely getting through five innings in Tuesday's Game 3 […]

Meta4 launches NFT fund with Andreessen Horowitz backing
Meta4 launches NFT fund with Andreessen Horowitz backing
  • US
  • 2021-10-21 11:35:47Z

Meta4 Fund Management, a Miami-based crypto-currency investment management firm, said on Thursday it launched a new fund to invest in so-called non-fungible ...

Coinbase: Taking the NFT Opportunity by the Horns
Coinbase: Taking the NFT Opportunity by the Horns

The non-fungible token (NFT) space has taken off over the past year with unique crypto assets generating an explosion in creative and trading activity...

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

Top News: Business